Re: Strata Insurance claims
Which state are you in?
Strata Insurance claims
Flood water recently entered ground floor garages Etc Many cars were lost due to water damage. Insurance claim was made for general cleaning up of area plus four garage doors,…
Re: Office bearers insurance
Thanks so much for your replies. This is valuable information that I will seriously take on board. I do agree that we could do better with the SM. Now that…
Re: Office bearers insurance
I would add that even if the SM is wonderful and the EC and OC are both entirely happy to delegate everything to the SM, the EC still ultimately is…
Re: Office bearers insurance
A statutory appointment is where the strata manager has been appointed by an adjudicator in response to an application under the Act. You see that where a strata scheme has…
Re: Office bearers insurance
Thanks for all that information. I don’t know if he is a statutory appointment. Sorry to sound ignorant but I don’t know what a statutory appointment means? And yes the…
Re: Office bearers insurance
Don’t resign – that’s how these people get to stay in control. If this strata manager is not a statutory appointment, then he is a dinosaur who really shouldn’t be…
Re: Office bearers insurance
Yes the SM has run things for over 20 yrs.He was appointed by previous EC. I don’t know when the SM agreement runs out or what type of strata…
Re: Office bearers insurance
@Susanp said: The first thing the SM said to the owners at the AGM that I attended, was that we could be on the EC but that we would do…
Re: Office bearers insurance
Yes I agree, I think it’s an odd answer that to me doesn’t make much sense. On our insurance policy, the option is there but it is not selected. When…
Re: Office bearers insurance
I agree with Peter, that seems odd and merits further inquiry. Some insurance policies have exclusions on EC insurance, such as for defamation, because internal politics can become quite nasty…
Re: Office bearers insurance
That seems odd advice. Once a budget is set by the AGM, the EC makes financial decisions consistent with the budget. Let’s say there is a general maintenance line. The…