Insurance renewal: decrease in price (Victoria)

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  • 26/08/2025 at 7:09 am #80878 Reply | Quote
    VicRes
    Flatchatter

      It sounds unbelievable but our insurance renewal has been received and accepted with a 15% decrease in cost from the current policy. Arranged through a broker we’ve used for several years and using the same insurance company we’ve also used for a few years, I was pleasantly surprised and amazed. No less coverage, no reduced amounts or any adverse changes.

      We’re a small strata and it made for a very pleasant meeting to advise my fellow owners of this year’s budget. It also means that the new treasurer has an easy introduction to his role.

      The reason being that an insurance claim from a few years ago had ‘dropped off’ which led to a decrease in fees. There hasn’t been a claim since the one that ‘dropped off’.

      It may never happen again, but I am glad I’ve lived long enough to see it happen once in my life.

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    Reply To: Insurance renewal: decrease in price (Victoria)
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