It would help if a few more MPs (and tribunal members) had experienced a couple of years as secretary of a strata plan. While we’re waiting for that to happen, I suggest we need more control of the insurance industry and possibly the establishment of a government-run insurance office like we used to have in NSW which would ensure some competition for strata insurance.
In our case, they offered 6 months’ cover (for the same premium we paid last year for 12 months) and specified a repair program they want us to begin before they renew further. They think our building is dilapidated. If only they’d care to come and inspect they’d see that it’s not dilapidated.
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