Re: Building defect repairs – insurance
Our builder is insured, he showed us his insurance certificate of currency with public liability and products liability. Anyway, it was more than builder matter with this particular owner. He…
Re: Building defect repairs – insurance
Your builder may not be insured because Home Warranty Insurance isn't required for buildings over three storeys high. Tell your strata manager to be ready for that one then hand-pass…
Re: Building defect repairs – insurance
Thank you for the quick reply. I did not understand why should O/C has to have an insurance for the work had already been insured. What are we insured for.…
Re: Building defect repairs – insurance
Not my area of expertise but I would have thought it was the builder who was required to carry the insurance. However, if you are carrying the insurance yourself, it…
Building defect repairs – insurance
Building defect rectification work has been going on in our apartment block for several years. The O/C obtained money from Dept. F/T, but the initial contractor terminated the work without…
Re: Insurance Commissions
Angela – your Strata Manager will be able to provide your Committee with an Insurance Certificate, that will show: the “events” that your Plan is covered for; the sum insured…
Re: Insurance Commissions
Our insurance renewal has recently been paid and the Executive Committee have had trouble getting details of the premium paid. We requested, from the Strata Manager, a copy of the…
Re: Insurance Commissions
I haven't experienced any difficulties in directly negotiating Insurance for our self-managed Plan (NSW) with Insurers such as CHU & SUU, although none would reduce our premium to account for…
Insurance Commissions
Our Body Corporate has 4 contracts which cover the major cost items for the unit block. Three of these were negotiated direct with the contractors at better rates & conditions…
Re: Conflict of Interest – Insurance
Our SM has made numerous claims over the years that they never told us they were making. This happened when one particular person was handling this complex. Anything and everything…
Re: Conflict of Interest – Insurance
Maybe your problem isn't your Insurer, it's your strata manager. Good strata managers get good insurance deals with good companies. I'm not pushing the barrow for strata managers here ……
Re: Conflict of Interest – Insurance
Hi, I think the 20% insurance kickback is a levy by stealth – how many people actually look at the fine print. Last year our Executive shopped around, got our…