Terrorism Insurance for buildings insured for over $50million

› Forums › Levies and Unit Entitlements › Current Page

Create New Reply
  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by .
  • Creator
    Topic
  • 30/08/2017 at 8:00 am #11312 Reply | Quote
    tharra
    Flatchatter

      Something for treasurers of larger strata schemes to work into budget is the expansion of the terrorism insurance scheme:

      “broaden the definition of eligible property to include buildings with a floor space of at least 20% used for commercial purposes or which have a building sum insured of at least $50 million”

      https://arpc.gov.au/2017/04/04/terrorism-insurance-scheme-amendments-approved/

      There’s a “levy based on postcode” calculator on the ARPC site to help with the budget process. We had a little surprise with our recent insurance policy renewal – the changes came into effect on July 1 2017.

    • Creator
      Topic
    Reply To: Terrorism Insurance for buildings insured for over $50million
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

    You can use BBCodes to format your content.
    Your account can't use all available BBCodes, they will be stripped before saving.

    Your information:




    › Forums › Levies and Unit Entitlements › Current Page