› Flat Chat Strata Forum › Common Property › No insurer will cover this scheme › Current Page
28/07/2022 at 8:29 am
#64341
(Victoria) I agree with @kaindub. My old complex was mixed use shared with restaurants, bars and a tattoo parlour. The broker could only get one insurer to quote and even then we had to agree to exclude certain events from the insurance for them to renew. They would also not allow us to increase the insured value, so we potentially were underinsured for full replacement. It was increasingly harder and harder to get enough insurance each year.