insurance commissions

› Forums › Levies and Unit Entitlements › Current Page

Create New Reply
  • Creator
    Topic
  • 14/09/2018 at 12:32 am #11899 Reply | Quote
    bernie
    Flatchatter

      Our Owners Corporation (OC) negotiated a 3 yr contract with a Strata Company, with an increased annual fee and insurance commissions being returned by the Strata Company to the OC.  The Strata Company has recently negotiated a deal with a new insurance broker and are advising that there are now no commissions.

      What to do?  Are we within our rights to ask for a reduction in the annual premium by the amount of the insurance commissions we no longer see.  Alternatively, should we try and negotiate directly with the old broker to see what we can achieve?

      Your advice would be appreciated.

    • Creator
      Topic
    Reply To: insurance commissions
    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