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.
All National articles about Insurance in Strata Apartments published to our blog
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.
Question: Who is liable for insurance excesses in instances where the body corporate is at fault or liable for the damages? In this case, units flood during heavy rain because of a drainage design fault.
Question: A water cylinder slowly leaked from an upper floor over a number of weeks/months and was not noticed because the apartment below was vacant. Who has to pay for repairs?
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?
Question: I had a leak in the roof which was repaired, but I am wondering who is required to pay for the damage in the internal ceiling? I’m looking for an example where no insurance claim would exist.
Strata Titles Amendment Act 2018 (STAA 2018) has changed many terms and this includes the sections relating to insurance. We highlight some of the new terminology to expect and provide a comparison to the current Act.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly however, stressful situations are often made worse when people find out their Strata Insurance policy does not cover damage as a result of flood.
Question: Although we don’t have any lifts or elevators just an electronic gate, we have been told we need mechanical breakdown insurance as part of our policy renewal.
Receiving a Letter of Denial for an insurance claim isn’t a particularly welcome outcome, especially if you feel the insurance claim should have been covered under the policy. However, a denial letter doesn’t have to be the end of the road for a claim…!