Re: Common property – home warranty insurance
Rob T Building completed in 2006. A unit was bought shortly after completion. The wall in question was architrecturally designed as a feature wall (as was the building). It is unknown whether the…
“Normal” Insurance Commission etc.
Could you please advise a general answer to the following questions or advise further areas of search? Our strata manager arranges the building insurance for our strata plan –…
Re: Common property – home warranty insurance
Hi Rita C, I am interested in this issue as I work in the industry, however I’m sure it has some complexities to it that might prevent its resolution through…
Re: Common property – home warranty insurance
Hi Rita C, Will need further info; 1) How old is your building, the strata registration date will be fine. 2) does this issue form part of a bigger HOW…
Common property – home warranty insurance
In a strata building, the home warranty insurance company has denied liability in respect of an architecturally designed external feature wall, which in the short term rotted and continues to…
Re: Strata building insurances
Thanks everyone for your replies. You’ve given me confidence to go back to the OC and managing agent. Meryl
Re: Strata building insurances
The OC has an obligation under section 83 to insure the building under a damage policy. Section 82 sets out what a damage policy encompasses – which includes repair and…
Re: Strata building insurances
@M S said: (b) If there is a flood and damage occurs, what would the OC obligations be to individual owners? If any damage occurs that is not covered by…
Strata building insurances
I live in a regional area that just missed being flooded in the 2010 floods. Now our starta insurer has dropped the flood coverage that we previously had. Another insurer…
Re: Insurance and Strata Obligations
@scotlandx said: That may be, but if the damage is due to the negligence or some other act or omission of the owner, then the strata insurer has a claim…
Re: Insurance and Strata Obligations
That may be, but if the damage is due to the negligence or some other act or omission of the owner, then the strata insurer has a claim against that…
Re: Insurance and Strata Obligations
Just to add more confusion, dependent on the age of the building and whether it is a class 1 or class 2 building (Villa or Walkup, high rise) if the…