Re: Water damage and Insurance claim
It doesn’t matter if it is gradual damage, that doesn’t preclude an insurance claim. The issue may be if there was a problem with the common property that the OC…
Water damage and Insurance claim
I live in a townhouse. I noticed cracks appearing in my bathroom tiles. Apparently two areas of the roof were at fault. It wasn’t until the weather was really bad…
Re: Do we need office bearer insurance?
BTW also, and am with Sir Humphrey on the blanket cover seems way to go. It’s protection for all the office bearers in case of any challenges arising 🙂
Re: Do we need office bearer insurance?
BTW. If it turns out the office bearers get this insurance and are then found liable for having exceeded their powers in getting the insurance for the OC, then at…
Re: Do we need office bearer insurance?
@gwyn said: We are a small complex of 7 villas. We have five resident/owners on the SC. We are looking at renewing our insurance but are considering taking out some…
Re: Do we need office bearer insurance?
The CHU policy that this strata complex has had for several years has 10 policies within it that you can choose to take some, or all. Previous committees have chosen…
Re: Do we need office bearer insurance?
I have to admit I am a bit confused by this question. Most strata insurance has a built-in insurance for the strata committee and office bearers. Many exclude possible areas…
Re: Do we need office bearer insurance?
Thanks Jimmy T and you’ll be pleased to know that CHU is our current insurer. I rang CHU to ask how much extra to add the Office Bearer into…
Re: Do we need office bearer insurance?
Every building is different – as is every insurance policy. Shop around (and have a look at CHU, our sponsors).
Re: Do we need office bearer insurance?
@Boronia said: The policy for our SP includes $100K of Office Bearers’ Liability, but it just part of a bundled policy covering everything, so it is not possible to determine…
Re: Do we need office bearer insurance?
Like Boronia, our building insurance policy includes office bearer liability. No need for separate insurance.
Re: Do we need office bearer insurance?
The policy for our SP includes $100K of Office Bearers’ Liability, but it just part of a bundled policy covering everything, so it is not possible to determine individual proportions…