Flood Insurance Cover in Residential Strata properties. Are you Covered?
Monsoonal deluges and the flooding that ensued became a terrible catastrophe for thousands of Townsville residents earlier this year. Severe flooding caused widespread damage to an unprecedented number of properties, including residential strata.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly however, stressful situations are often made worse when people find out their Strata Insurance policy does not cover damage as a result of flood.