Reply To: Should we be getting two insurance quotes from our strata manager?
An owner can certainly ask the committee to seek more quotes (although these figures are from March so that ship may have sailed). Also, you don’t know what the strata…
Reply To: Should we be getting two insurance quotes from our strata manager?
My strata plan of 25 units located in Bankstown NSW has the following figures: Period of Insurance 9-Mar-21 to 9-Mar-22 Property Insured (through an insurer broker) main items: Building Sum …
Strata basics – who does what, when and why?
At times like these, when our worlds have been turned upside down and everything seems to be changing around us, it’s often a good idea to recentre, recalibrate and get…
Reply To: Pot Plants in Common Area
“Trip hazard” may be a term that comes from a fire safety inspection. In such cases, it’s not so much that the pots present a risk of people literally tripping…
Podcast: Pets & renters, prices and owner revolts
This week’s podcast has placed a ban on the C-word … no, not that one, the other one that’s filling our news bulletins on radio and TV and clogging up…
MONA builders to oversee flammable cladding fix
A managing contractor has been appointed to run the NSW State Government’s flammable cladding removal program for apartment blocks, in the face of relatively slow progress and limited uptake by…
Health says multi-unit renos are okay
You’d be forgiven for hoping that, at times of an increasingly out-of-control and potentially deadly virus, our state Health department would be keen to give us clear directions on what…
Reply To: Too much insurance costs us
pukoh wrote: Anything inside a lot, including floor covering is the lot owners responsibility. Is this not the case? It’s definitely not the case with compulsory strata insurance. While compulsory…
Reply To: Too much insurance costs us
my understanding was the strata insurance only covers common property and the structure. Anything inside a lot, including floor covering is the lot owners responsibility. Is this not the case?…
Forum: Under water but over-insured
It’s not often that you hear people complaining about being over-insured but, hey, this is strata and anything can happen. In a nutshell, an owner installed a nice new timber…
Forum: Under water but over-insured
It’s not often that you hear about someone being over-insured but, hey, this is strata and anything can happen. In a nutshell, an owner installed a ni[See the full post…
Reply To: Too much insurance costs us
I wonder if the committee could charge the cost back to the owner (who could then claim it on their Home & Contents Insurance) under Section 82. Probably not, but…