Reply To: Strata wars – the PICA empire strikes back

There’s a case for saying it costs X amount to service each lot multiplied by n (the number of units) plus Y for the insurance minus Z (the insurance commission, roughly 20 per cent of the premium).

The question that no one is asking is, why are the insurers more than happy to maintain this corruption of the system?

Strata managers need to establish a baseline fee below which they can’t offer services, based roughly on the size of the apartment blocks, then let them compete on quality of service, not how low they can go supported by inflated insurance commissions.