These questions about strata insurance for common driveway have been answered by Leonie Milonas, PSC Property Lync Insurance Brokers.Question: We currently pay Strata Insurance but we do not share a common driveway. We have no other common property. Can we arrange our own strata insurance?GET THE LATEST STRATA NEWS / ARTICLES DIRECT TO YOUR INBOX HEREI have a … [Read more...]
All National articles about Insurance in Strata Apartments published to our blog
What does Public Liability Insurance Include for Strata Property?
This article about public liability insurance has been supplied and written by Whitbread Insurance Brokers and Simon Plummer, StrataRatings.Question: We are currently trying to gain access to a neighbouring property to perform render repairs and paint but the owner has stipulated that he be fully indemnified for loss or damage to his property whilst work is in progress. … [Read more...]
VIC: Q&A Individual Strata Insurance for a Small Owners Corporation
These question about individual strata insurance for a small strata scheme in Victoria have been answered by Simon Plummer, StrataRatings and Whitbread Insurance Brokers.Question: Although we have an Owners Corporation, we have no common property. How does insurance work? Do we need individual strata insurance? Should Public Liability be part of this?GET THE LATEST … [Read more...]
QLD: Cyclone risk assessment program to start in April
This post about the North Queensland Strata Title Inspection Program has been supplied by James Cook University.James Cook University has revealed details of a new engineering inspection program that could push down the cost of insurance for apartments, units and other strata buildings in northern Queensland.GET THE LATEST STRATA NEWS / ARTICLES DIRECT TO YOUR INBOX … [Read more...]
QLD ‘Firestorm’ and ‘Zombie Cyclone’ Prompts Calls For Apartment Owners To Consider Catastrophe Cover
Are you prepared for storm and fire season? This timely information about catastrophe cover has been supplied by Strata Community Association (Qld).Earlier reports in the year about a delayed start to cyclone season have been blown out of the water and the peak body for Queensland strata communities says it is crucial communities have the proper insurance cover and … [Read more...]
Is your Owners Corporation prepared for the bushfire season ahead?
This article about the growing importance of the strata insurance broker has been supplied by Whitbread Insurance Brokers.Whether you live in a rural or a suburban Strata property, a stand-alone unit or apartment complex, there is always the inherent risk of a bushfire. The recent bushfires in Paradise, California in the US are a jarring reminder of this, with over 1.66 … [Read more...]
WA: Voluntary Work? How about if you’re getting paid? Are you covered?
This article considers the strata insurance implications when voluntary work such as a Spring Cleaning Busy Bee is carried out at your scheme. Leonie Milonas, PSC Property Lync Insurance Brokers provides the following information.Question: We have a lot owner asking to mow for a fee. For insurance purposes, are they classified as a volunteer, carrying out voluntary work, or … [Read more...]
NSW: Q&A Can We Avoid Strata Manager Insurance Commissions?
An NSW Committee Member is wondering whether they can avoid paying strata manager insurance commissions upon renewal of their policy. Leanne Habib of Premium Strata and Tyrone Shandiman of Strata Insurance Solutions have provided the following response.Question: Our building insurance is due mid 2019. Is the Owners Corporation able to renew this themselves or must it go … [Read more...]
NSW: The Lakewood Estate – The Unique Strata Scheme That had a Unique Problem
This article discussing the unique insurance problem faced by a rural strata scheme has been provided by Adrian Mueller, JS Mueller & Co.The Lakewood Estate is one of the first and only rural strata schemes in NSW. The unique nature of the Lakewood Estate created a unique problem that had confronted the owners corporation for many years which was recently resolved by … [Read more...]
Queensland body corporate insurance obligations
This article about body corporate insurance has been supplied by Frank Higginson, Hynes Legal.If William Shakespeare was a Queensland strata title property owner (particularly in North Queensland), he might at this very stage be writing:To insure, or not to insure, that is the question:Whether 'tis nobler in the mind to sufferThe slings and arrows of outrageous … [Read more...]
