Call to ban strata insurance commissions
Strata managers are incapable of effectively self-regulating insurance commissions in strata schemes and the payments should be completely b[See the full post at: Call to ban strata insurance commissions]
Insurance coverage of storage units
As our Body Corp company does our 8 block unit insurance and has their own agency should we be charged for an insurance claim that was placed due to a…
Double insurance relief for most strata owners
NSW apartment owners could be paying less for insurance next time they renew their policies due to the government’s decision to scrap the Emergency Services Levy (ESL). And since all…
Double insurance relief for most strata owners
NSW apartment owners could be paying less for insurance next time they renew their policies due to the government’s decision to scrap the Emergency Se[See the full post at: Double…
Strata manager insurance commission, who pays for it?
Hi my strata manager claims they get 20% commission when sourcing out insurance. I was wondering if the insurance company pays them the commission or does that get tacked on…
Why can’t I get strata-specific home insurance?
I am fed up paying for so-called Homeowners Insurance when the policy is 100% oriented to stand-alone houses. In the USA a strata owner can choose a different insurance policy…
Broken balcony – can I claim insurance even though my neighbour is responsiblel
My neighbour hit the wall of our villa’s balcony with their car and it has caused a fair bit of damage (mostly cracks in the concrete slab and a number…
Have your say on building defect insurance
DLI is a strict liability insurance product of first resort that covers critical building elements, such as structure, waterproofing and fire safety systems. It allows building owners to make a claim…
Have your say on building defect insurance
DLI is a strict liability insurance product of first resort that covers critical building elements, such as structure, waterproofing and fire safety systems. It allows building owners to make a…
Why unit owners can’t cut insurance to save
Fires in Hawaii, floods in Australia, earthquakes in Turkey and storms in New Zealand are likely to hit apartment owners in ways they can’t avoid. These natural disasters are driving…
Why unit owners can’t cut insurance to save
Fires in Hawaii, floods in Australia, earthquakes in Turkey and storms in New Zealand are likely to hit apartment owners in ways they can’t avoid. The[See the full post at:…
Can we reduce insurance risk?
I am wondering what actions a committee could take to mitigate risk to make the building ‘less risky’ for the insurer? For example we have small hot water systems in …