Where in the legislation does it state that the owners corporation is responsible when an insurable event falls under the excess?

By admin,

Where in the legislation does it state that the Owners Corporation is responsible if the event is insurable but no valid claims can be made because the invoice is under the insurance excess?

Our understanding of UTMA2011 is that if the invoice is under excess there is no valid insurance claim. No claim this no excess, thus the Owners Corporation have no business in paying.

Do I need to insure the structure of my Class B unit in addition to landlord's insurance?

By admin,

I own a Class B unit in the ACT and wish to clarify if I need to insure the structure of the building itself in addition to landlord's insurance.

There are no common walls to adjacent units, but I am responsible for all repairs to the unit including cracks in the brick work due to subsidence. Despite this the Owners Corporation has an extensive insurance policy, so I am a little confused. Can you clarify?

Who pays for damage to glass windows, panels and sliding doors in strata — accidental or due to defective workmanship?

By admin,

I am trying to understand Strata Insurance responsibilities in ACT.

In the ACT, owners can't insure their property for building cover as this is an owners corporation responsibility, subsequently, owners can only insure for contents with no such additions of cover for things like glass breakage for windows available to policyholders.

In the event of damage to glass windows/panels and sliding doors, whether this is accidental or through defective workmanship or construction, who pays for the remediation of the damage?

Is through the Strata Building Insurance?

Should strata insurance cash settlements be paid to the owners corporation or directly to the unit owner?

By admin,

Should insurance cash settlements be paid into the Owners Corporation's bank account instead of being paid out directly to the owner of a unit?

An owner is demanding the settlement be paid into their (joint owner) account.

What option is correct? We find the word in the UTMA item 103 us of the word "apply" unclear.

Is a damaged apartment ceiling covered by strata insurance or the owner's contents insurance?

By admin,

Is the ceiling of a room under an attic (or crawlspace) part of a structure and, therefore, covered by strata insurance, or is it property that needs to be insured by the owner of the property?

My apartment ceiling is damaged and I have been told that owners of class B townhouses need only insure their contents.

Should strata insurance cover the cost of removing fixtures and fittings to repair a failing waterproofing membrane?

By admin,

I bought a unit 4 months ago. We were recently advised that our unit has a water leak into the carpark below, impacting the car spaces of other units.

After investigation, it was found to be a failing waterproofing membrane and ingress leaks from a toilet that was not appropriately sealed to the floor. Mould is visible in this space on ceiling of the car park.

Two lot owners took cash settlements after hail damage but haven't done the repairs — what can the owners corporation do?

By admin,

Our insurance cover allows lot owners to receive a cash settlement for their claims. All six units in our class B building were recently damaged in a hail storm. Two of the units opted for a cash settlement of their claim. The damages are not that extensive. The lots are liveable, and some repairs are cosmetic.

These two units with cash settlements have not carried out any of the repairs listed in their scope of work. Are the damaged but unrepaired parts of their units still insured?

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