#13545
Anonymous

    Thanks Mr Strata… yes I understand it forms a part of the SM's remuneration and the severance of that relationship would have to result in an increased management fee – in our case probably about an extra $5k, but if we were allowed shop around for insurance ourselves, who knows… we might even end up better off with a cheaper premium?

    Maybe I'm just paranoid… but the insurance kickback just doesn't sit comfortably in my moral ethics zone and I think back at the difficulty we had with our $50k claim, and it makes me question what kind of other arrangements can exist between contractors and strata managers. As you know, most owners are lazy and very few bother to take a passing interest… very few understand anything about the finances of a strata plan… (most of our committee cannot read a budget), so this environment of apathy is a fertile breeding ground for corrupt conduct.