Catastrophe Insurance
I live in an eight unit complex in Armadale, Melbourne. We have catastrophe insurance for events like earthquake. I have two questions: 1) How common is it for body corporates…
Re: Must SM get three insurance quotes?
The SM must source 3 quotes. They may do it directly, acting as an authorised representative of various insurance companies, but it is now common for them to offload this…
Re: Must SM get three insurance quotes?
In NSW strata managers are obliged by law to provide three quotes or explain in writing why they haven’t done so. There could be a valid reason such as fewer…
Re: Must SM get three insurance quotes?
I’ve asked this question before but I have not seen an answer, our strata manager gets the one insurance broker to provide 3 quotes, is this complying with 166 of…
Re: Machinery Insurance
The machinery is common property and you have to insure it,. But you’re not insuring it against breakdown due to wear and tear, your insuring it against some catastrophe like…
Machinery Insurance
Ours is a 12 year old building. Every time we lodge a claim under machinery insurance, we are confronted with “”wear & tear “”, poor maintenance etc to avoid payment.…
Re: Insurance claim
No, it is not me, it is an another owner, whose kitchen cupboards were damaged by water penetration through the common property. The building insurance is paying for the damage…
Re: Building Insurance and What it covers
@Rubes said: I have rented my apartment recently and found out that the contents insurance for landlords mostly only covers (Carpets, Light fittings, blinds etc), and most of them have…
Re: Building Insurance and What it covers
Hi, Others may know more, perhaps this is one answer? In our experience, we pay household insurance privately as we’re the live-in owner of the unit. The building itself has…
Re: Insurance claim
Hi there, Others may know more. But you may need to add a little context and meaning, that is, do you find yourself as an owner having to pay any…
Insurance claim
can someone please let me know who is responsible for the excess when a claim is recognised and paid for by the building indurance. is the excess responsibility of the…
Building Insurance and What it covers
I am in NSW, and I am trying to find out whether the building insurance that strata is responsible for covering the internal fixtures such as (Kitchen and Bathroom) if…