Re: Missing insurance
Hi Jimmy & Billen Ben, I suggest it may be prudent to have a chat to a reputable insurance broker in relation to what insurances an OC is required to…
Re: Missing insurance
Building Insurance and Workers Comp Insurance are statutory requirements so the only reason it would be on the agenda would be to choose one insurer over another. EC insurance is…
Missing insurance
The AGM notice from my OC includes a motion to “renew the insurances required under s88(2) as listed in the attached table”…. Section 88(2) actually refers to office bearers insurance…
Re: Building insurance
I think you may be getting confused between Home Warranty Insurance (which only applies to new buildings three storeys high or less) and mandatory building insurance which applies to all…
Building insurance
I'm relatively new to unit ownership. I am unclear on the issue of building insurance in relation to the number of storeys a building features. Our block of units has…
Re: Building Insurance
77 Effect of use of lot on insurance premiums If the use to which a lot is put causes an insurance premium for the strata scheme to be greater than it…
Building Insurance
Where a Strata Plan has a mix of commercial and residential Lots, is there a way of fairly levying owners when the building insurance is a commercial policy ? In…
Re: Damage to Unit because of common property defect – Insurance Excess
So you think my opinion, backing Chris Kerin's but countering Easty's view that there must be negligence before the OC is liable, “doesn't apply”? In that case, my best advice…
Re: Damage to Unit because of common property defect – Insurance Excess
Thank you to those who have responded. On the one hand Chris Kerin has the view that Strata is responsible on a strict liability basis and Easty has the…
Re: Damage to Unit because of common property defect – Insurance Excess
Struggler Please do not despair – strata living works and can be a panacea for those who can't or won't look after a freestanding house. It is also a…
Re: Damage to Unit because of common property defect – Insurance Excess
We had a unit that had an overflowing drain in their bathroom, causing water to flow out into a bedroom. The cause was hair blocking the drain. Our Strata manager…
Re: Damage to Unit because of common property defect – Insurance Excess
Easty As you'll see from today's column in the Herald, the fact that the OC aren't aware or even couldn't possibly be aware of a problem is no defence against…