#57927
Help me think
Flatchatter

    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?