NSW Committee Members are wondering what their strata manager has to disclose regarding insurance commissions due to the new legislation. Also, is there a way to get out of paying strata management insurance commission? Mario Esera of HWL Ebsworth, Leanne Habib of Premium Strata and Tyrone Shandiman of Strata Insurance Solutions have provided the following … [Read more...]
All National articles about Insurance in Strata Apartments published to our blog
WA: Q&A Strata Insurance for common driveway
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 HERE I have a question … [Read more...]
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: Who is responsible for insurance to cover townhouses that are on their own title? I believe lot owners would be responsible for individual strata insurance. GET THE LATEST STRATA NEWS / … [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 a … [Read more...]
QLD: Q&A Insurance Increases Due To (Safe) Cladding
This response to a lot owner's question about cladding insurance issues such as insurance increases due to the presence of certified safe cladding has been supplied by Tyrone Shandiman, Strata Insurance Solutions. Question: Our insurance has doubled over the past 12 months. We think this is to do with cladding insurance issues as we have a green board cladding, which has … [Read more...]
VIC: Q&A Underinsurance, Building Sum Insured and Strata
We received this question about building sum insured and Strata properties. The following response has been provided by Renee Cassidy, Whitbread Insurance Brokers. Question: How does owners corporation insurance in Victoria work? What is building sum insured? Would insurance cover our building if several units burn to the ground and we discover we are underinsured by 1 … [Read more...]
Q&A What are the strata title insurance requirements around Australia?
This response to an industry specialist's question about strata title insurance requirements has been supplied by Tyrone Shandiman, Strata Insurance Solutions. Question: Is there a requirement to have a proper Strata product in all states or what are the strata title insurance requirements around Australia? Or can lot owners just take out a Domestic home product? GET THE … [Read more...]
VIC: Q&A Airbnb neighbour flooded my apartment and damaged my goods
These articles discussing the implications of short term rental insurance cover when apartments are let using sites like Airbnb has been supplied by Whitbread Insurance Brokers. Question: I've been involved in a confusing situation where a sub let (Airbnb) neighbouring apartment caused flooding, which caused water damage to my goods. Should the landlord have short term … [Read more...]
Insurance Commissions Within the Strata Industry
This article about insurance commissions in Strata has been supplied by Jonathan Smith, Beyond Strata. In this article, we look into some of the general questions owners may have surrounding insurance commissions within the owners corporation industry in Victoria. In particular, we discuss what managers should be doing to establish and maintain open and transparent … [Read more...]
