This article about alternative insurance for Queensland Strata has been supplied by Chris Irons, Commissioner for Body Corporate and Community Management.I know that obtaining the required type and amount of body corporate insurance is proving to be a challenge for some bodies corporate, particularly in North Queensland, where cyclones and other severe weather events are … [Read more...]
All National articles about Insurance in Strata Apartments published to our blog
Landlords in Victoria face new risks and obligations
This article about the upcoming changes for Landlords in Victoria has been provided by CHU Underwriting Agencies.From July 2020, landlords in Victoria are set to face a raft of new tenancy laws as the state government increases tenant rights and puts more responsibility on property owners and restricts some practices of the past. Here, we look at the major changes and how … [Read more...]
Northern Australia insurance consumers need more choice and more control
This Media Release from 30 July 2019 discussing the Northern Australian insurance issues has been provided by the ACCC.A national comparison website for home insurance and greater power for consumers in claims settlements are among measures proposed by the ACCC in its latest Northern Australia Insurance Inquiry report, released 30 July 2019.GET THE LATEST STRATA NEWS / … [Read more...]
ACT: Q&A Who Pays Strata Insurance Excess as Outlined in UTMA 2011
This ACT lot owner would like to know about changes to strata insurance excess impose by Unit Titles Management Act 2011. Christopher Kerin, Kerin Benson Lawyers provides the following information.Question: At a recent general meeting I was told that ALL strata insurance excess is paid by the owners corporation. My strata manager mention there was a new rule which came in … [Read more...]
WA: Q&A Seeking Reimbursement for Water Leak Expenses
This question about reimbursement for out of pocket expenses relating to water leaks has been answered by Leonie Milonas, PSC Property Lync Insurance Brokers. Question: Water leaks have resulted in loss of rent and repair costs. Shouldn't we be reimbursed for our out of pocket expenses from the insurance and the Council of Owners? GET NOTIFIED WHEN WE PUBLISH NEW Q&AS, NEWS … [Read more...]
QLD: Short Term Letting Affecting Strata Insurance
This article about short term letting and strata insurance has been supplied by Frank Higginson, Hynes Legal.Have you ever wondered what happens when a lot owner starts short term letting and it affects the ability of the body corporate to get the required statutory insurance?If so, you might want to read this the story about a dispute between owners of a two-lot scheme … [Read more...]
QLD: Q&A Who Pays the Body Corporate Insurance Excess from a Leak?
These responses to lot owner's questions about who pays the excess on a Body Corporate insurance claim have been supplied by Tyrone Shandiman, Strata Insurance Solutions.Question: After my hot water system was repaired by a plumber, a connection blew and both my unit and the unit downstairs suffered water damage. Am I liable for the Body Corporate insurance excess?GET … [Read more...]
WA Insurance Terms with the Upcoming Strata Reforms
This article discusses the changes to WA insurance terms with the upcoming WA Strata Reforms. The article has been provided by Leonie Milonas, PSC Property Lync Insurance Brokers.Strata Titles Amendment Act 2018 (STAA 2018) has changed many terms and this includes the sections relating to insurance. In this article, I will be highlighting some of the new terminology we can … [Read more...]
WA: Q&A Is Mould in Apartment After a Cyclone Covered by Insurance?
This question about whether mould is covered by insurance in a strata property has been answered by Leonie Milonas, PSC Property Lync Insurance Brokers. Question: After Cyclone Veronica, units in our complex now have mould. Is mould covered by insurance or would this be a lot owner problem? GET NOTIFIED WHEN WE PUBLISH NEW Q&AS, NEWS AND ARTICLES TO THE SITEWe have an … [Read more...]
NAT: Flood Insurance Cover in Residential Strata properties. Are you Covered?
This article about flood insurance in residential strata has been supplied by Whitbread Insurance Brokers. Monsoonal deluges and the flooding that ensued became a terrible catastrophe for thousands of Townsville residents earlier this year. Severe flooding caused widespread damage to an unprecedented number of properties, including residential strata. In the aftermath of a … [Read more...]
