Topic: Office bearers and Fidelity Guarantee insurance – FLAT CHAT

This topic has 1 reply, 2 voices, and was last updated 7 years, 6 months ago by .

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11/03/2019 at 12:12 pm #36269 Reply | Quote
Enough of Strata
Flatchatter
Hi,

I have discovered an irregularity where the OC (at a GMtg) instructed the SM to get an engineers report and recommendation for building repairs. ie a “Scope of works” recommendation, & then seek quotes based on that recommendation for the OC approval at a GMtg.

It appears the Secretary instructed the SM to add into the contractor requests for quotes some additional items being shade screens which were not there before (capital improvements), by e-mail which I have sighted, and the lowest quote was approved at the GMtg (by Ordinary resolution, which is a further issue).

Now this has been identified does anyone know if the Office bearers and Fidelity Guarantee insurance would need to be considered for such a matter, and possibly get notified as a possible claim, and if the SM will not do it can an individual Lot owner do so?

I know little about insurance or if such a matter should be brought to the Insurer’s notice. (NSW <20Lots). Those involved have not changed – same Ctee. So sad to find this.
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Reply To: Reply #36290 in Office bearers and Fidelity Guarantee insurance

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.