Reply To: No insurer will cover this scheme
(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…
No insurer will cover this scheme
What happens when the owners corporation is in perpetual breach of the SSM Act (Strata Act) because no insurer will touch it? SP ***** is now in perpetual breach of…
Forum: Company title – quirky, quaint and quiet
There’s a sense of the quirky and quaint about company title. The very idea that you must pass an interview by the “board” of existing owners before you can be…
Podcast: Defects, debts and dream bathrooms
Sometimes we are just too efficient for our own good. No sooner had we sent this week’s podcast off for transcription than the news broke that NSW Building Commissioner David…
Reply To: VIC Insurance when running a home based business
David Ng wrote: If the broker says there will be an increase in the premium because of the home business are we able to directly levy the business owner with…
Reply To: Who pays for mould investigation?
An owner in our building has had a mould issue for two years, kept contacting the strata but the majority of the committee at the time, refused to have the…
Reply To: Will insurers cover old buildings non-compliant with new construction codes?
Thought I would add we are using a major insurance broker and major insurance company, so this has the potential to affect many others, as the National Construction Code and…
Reply To: Elderly couple “forced from home” by special levy
Without commenting on any of the opinions offered to date, I would like to share my experience with a similar circumstance. In one of the stratas I am involved, a…
Reply To: Will insurers cover old buildings non-compliant with new construction codes?
If the infrastructure meets the code at time of construction, then it’s fine, but when it breaks down, you then run into problems. A bit like many old balustrades that…
Will insurers cover old buildings non-compliant with new construction codes?
Has anyone had the experience of an insurance company refusing cover unless a part of a building is upgraded to meet new National Construction Code requirements? A section of a…
Reply To: What does “in good faith” actually mean?
The NSW Act requires committee members to act with “due care and diligence” and “good faith” is assumed or implied – see sections 36, 37 and 260 below). According to…
What does “in good faith” actually mean?
I read somewhere, I can’t recall where, that strata committees must act in “good faith”. If anyone can indicate where in the legislation this is mentioned, I would be appreciative.…