[Help me think]

My strata plan of 25 units located in Bankstown NSW has the following figures:

Period of Insurance 9-Mar-21 to 9-Mar-22

Property Insured  (through an insurer broker)   main items:

• Building Sum                                                  14,000,000
• Loss of Rent  Temp Accomodation              2,200,000
• Lot owners fixtures and improvements          250,000
• Property Owners Legal Liability                30,000,000
• Office Bearer’s Liability                                  5,000,000
• Workers Compensation                             Not Included

1. Premium    14,000
2. UW Levy          250
3. Fire Levy       1,800
4.  GST               1,920
5. Stamp Duty  1,560
6. Broker Fee   3,000

Total              $ 22,530

No other quotations shown to us.   (how many % in commission will broker give back to strata manager ?) I am not committee.     Can an ordinary owner ask for the other two quotations, if any, for record?

 

 

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