For what it’s worth when our Strata insurance renewal was due recently the broker our Strata Manager uses to facilitate all this renewal work was recommending our Office Bearers insurance be increased from $5m to $10m. – the reasoning was that many strata owners are getting more litigious .
We are not a large block (25) but we do have a pool and we are starting to get quite a few maintenance issues as the property ages. In NSW
Maybe the broker was just trying to get more commission for themselves and the strata manager !!