Question: Does Insurance cover any structure that is not compliant with the BCA or any damage from fire that emanates from that structure?
All National articles about Insurance in Strata Apartments published to our blog
Question: Do you have information on Marina insurance attached to strata lots? Answer: It depends on whether the marina is for personal or commercial use.
Question: What is the body corporate’s liability in the event of an injury or accident as a result of repairs not done on common property, particularly when they are aware of the issues?
Question: Our Owners Corporation will not repair the two failing hot water systems at our scheme. Are the Owners Corporation being irresponsible in failing to maintain these items?
As we embrace the new Act commencing 1st May 2020, it will require changes and additions to the way things have been done in the past. Here we particularly look at insurance documentation for the next AGM.
Fire equipment in a building is installed for the safety of persons and property and maintenance of these systems is treated as an essential service as part of the upkeep of the building, even during COVID-19 pandemic.
With Coronavirus (COVID-19) officially declared a Pandemic, we understand you may have a number of questions regarding the impact on your insurance when it comes to strata properties.
Strata buildings should pay particular care to indemnity, waivers and hold harmless clauses when entering into strata management contracts. We have recently reviewed strata management contracts and found clauses that should raise concerns for committees.
Question: Are there any Strata laws that stop me from doing work in the garden or in a common area if I have approval from the executive committee?
Most strata property owners have no idea they are being financially penalised by governments over compulsory insurance which could become more expensive in the wake of Australia’s bushfire emergency.