This Media Release discussing unfair insurance charges for strata owners has been provided by Strata Community Association. 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. GET NOTIFIED WHEN WE PUBLISH NEW Q&As, NEWS AND … [Read more...]
All National articles about Insurance in Strata Apartments published to our blog
Strata Insurance Ratings for 2020
This article about the best strata insurance 2020 has been supplied by Simon Plummer, StrataRatings. You may recall that our 2019 Ratings unexcitedly had no changes from our 2018 Ratings. Well, things have changed this year! Again, we’ve seen a healthy number of policy updates in 2019 with 55% of residential policies and 63% of commercial policies receiving an update. … [Read more...]
NAT: High Premiums Leading to Rise in Uninsured Homes in Northern Australia
This Media Release from 20 December 2019 discussing high premiums leading to a rise in uninsured homes in Northern Australia has been provided by ACCC. Home, contents and strata insurance is becoming increasingly unaffordable in northern Australia, where the rate of households going without insurance is almost double that of the rest of the country, the ACCC’s latest … [Read more...]
NSW: Q&A How Often Do We Need to Have an Insurance Valuation?
This article about the requirement to have an insurance valuation done regularly has been supplied by Tyrone Shandiman, Strata Insurance Solutions. Question: Now the requirement to get an insurance valuation has been removed from the legislation, how often do we need to have a valuation done on the building? GET NOTIFIED WHEN WE PUBLISH NEW Q&As, NEWS AND ARTICLES TO THE … [Read more...]
NAT: Is Your Strata Property Prepared For Bushfire Season?
This article about preparing your strata scheme for bushfires has been supplied by Lidia Siljanoski, Whitbread Insurance Brokers. Spring bushfires in suburban areas of the Sunshine Coast in QLD, are a grave reminder that you don’t have to live in a rural area to be impacted by bushfires. The ferocity of these fires in early September, followed by horrific November blazes … [Read more...]
QLD: ABS Construction Costs Sub-Index 3019: An Important Development
This article about annual movements in construction costs and why this is important to strata insurance in Queensland has been supplied by Bradley van Xanten, UOAQ President. The UOAQ tracks construction costs based on quarterly reports from the Australian Bureau of Statistics (ABS). GET NOTIFIED WHEN WE PUBLISH NEW Q&As, NEWS AND ARTICLES TO THE SITE We use these … [Read more...]
NSW: Q&A Landlord Access Gym and Pool While Apartment is Rented
This article about whether a landlord can access building facilities like the gym or pool while they have their apartment let has been supplied by Karina Heinz, Progressive Strata Services and Tyrone Shandiman, Strata Insurance Solutions. Question: My apartment in a multi level apartment complex is let for 6 months. As a landlord, am I able to still access the amenities like … [Read more...]
WA: Do You Still Have Asbestos in Your Building?
This article discussing asbestos in WA buildings and changes to the way this will be handled with the upcoming WA Strata Reforms has been provided by Leonie Milonas, PSC Property Lync Insurance Brokers. Asbestos is a banned building product that can no longer be used. Despite this, it still exists in many buildings today. The product was banned from 31st December … [Read more...]
QLD: Is Your Air conditioning Unit Covered By Strata Insurance?
This article alerting Queensland lot owners to the fact that air-conditioning units servicing an individual lot are not covered by strata insurance has been provided by Tyrone Shandiman, Strata Insurance Solutions. Queensland lot owners of strata properties need to be mindful that air-conditioning units, whether fixed or not, are not covered by strata insurance. The Body … [Read more...]
NAT: Loss of Rent During An Evacuation Due to Building Defects?
We have been asked about loss of rent during a building evacuation due to building defects. Christopher Kerin, Kerin Benson Lawyers and Tyrone Shandiman, Strata Insurance Solutions provide the following information. Question: For situations such as Opal and Mascot Towers where Landlords are suffering loss of rent due to evacuations, can loss of rent be covered by insurance … [Read more...]
