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…
premiums
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…
Insurance failures add $16k to cost of NSW flats
It has not been widely reported, but Building Commissioner David Chandler has a big dream for apartments in the state – that one day commercial insurers will return to the…
Loan help for schemes hit by cladding insurance hikes
A shock rise in strata insurance premiums due to risks associated with flammable cladding has left many apartment owners struggling to meet price hikes, says owners corporation finance lender Lannock…