When it comes to construction projects, there are many factors that can impact the final product. One crucial aspect is the presence of latent defects, which are hidden flaws or defects that are not immediately apparent. These defects can be caused by a variety of factors, including poor workmanship, inadequate materials, or design errors. As a result, they can lead to significant financial losses and even put the safety of occupants at risk.
Strata insurance is a vital aspect of property ownership within a strata scheme in New South Wales (NSW). It serves to protect owners and the strata community against potential risks and liabilities.
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