Forums Levies and Unit Entitlements Current Page

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  • #9601 Reply | Quote

    Heaven knows what this committee is doing, but last year our OC in Melbourne increased the office bearers insurance from $1M to $10m.

    I know they are pretty dodgy people, but what is the normal/usual office bearers insurance required for a committee of a block of 10 units?

    Also, what is their responsibility if they do something illegal – aren’t they still liable?

    What does this type of insurance actually cover?

Reply To: Reply #21970 in $10m insurance for office bearers?
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.

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Forums Levies and Unit Entitlements Current Page