@Austman said:
If we had just renewed directly with that company it would have saved us quite a hefty sum.
Errr… no you wouldn’t because the Insurers won’t pay you the commission or discount it from your premium.
Their view is that brokers and/or strata manager who take commissions do a lot of the legwork for them with regards to the policy sales and claims and it would cost them more to hire their own staff to fill the gap.
There was a move to make insurance commissions to strata managers illegal but that foundered when it was realised that a lot of (especially) smaller strata management firms depend on the commissions and would just go out of business.