Re: Insurance and Strata Obligations
I love this forum – we have the theories (including mine) and we have the law … and then we have logic …. and finally someone tells us what happens…
Re: Insurance and Strata Obligations
We have had issues of water damage to floating floor boards and these were claimed on our strata insurance where as the carpet was claimed on the owners contents insurance.…
Re: Insurance and Strata Obligations
Even if the floor is common property, as they claim, then their client has damaged common property and has to repair or replace it. Sounds like an insurance assessor trying…
Insurance and Strata Obligations
Last Saturday one of our owners returned home from holidays to discover a flooded unit. A leaking toilet spigot was the cause and his household insurance is covering most of…
Re: Owners Corporation Insurance to cover renovation
Changes to Common Property usually are allowed on the basis that you take over responsibility for the bits you have changed. That means they have to be covered by your…
Re: Owners Corporation Insurance to cover renovation
@livestrong said: We are in the process of having bylaws amended for renovations that we undertook in our unit (namely bathroom and laundry), and have just been instructed that we…
Owners Corporation Insurance to cover renovation
We are in the process of having bylaws amended for renovations that we undertook in our unit (namely bathroom and laundry), and have just been instructed that we are no…
Re: Insurance claims. Who pays
You are responsible for the actions of your guests and any damage they may cause. That means if you weren’t insured, you’d have to pay all the bills out of…
Insurance claims. Who pays
Recently my apartment was flooded when a guest mistakenly left the tap on in the kitchen just before we left for a few hours. I received a call from my…
Re: QLD insurance increases
Insurances are going though the roof in Queensland due to massive pay-outs following various natural disasters. However, there is a suspicion that some insurers or agents may be taking advantage…
Re: QLD insurance increases
Have you checked your Owners Corp AGM or special meeting Minutes to see why everything has increased in cost? If it is a new unit, the developer may have set…
QLD insurance increases
I own a two bed unit in Townsville. Recently the body corp fees have risen from $600 per quarter to $2200 p/q!!!! The insurance has gone up by 800%!!! We…