Who pays the insurance excess when a balcony glass balustrade fails?
The walls of my balcony (boundaries of my lot) are glass balustrades. The plan of subdivision provides that all boundaries are median. One of the glass panels to the balustrade blew off in the wind.
Why is a lot owner liable for insurance excess caused by a tenant?
A previous tenant in our investment property damaged the garage door of the neighbouring lot. The Owners Corp has billed us for the insurance excess. The OC says: "As the damage was caused by the tenant, the owner is responsible for the insurance excess on this claim".
Why should we pay for damage caused by the tenant? We had no idea the incident had occurred until we were contacted by the Owners Corporation.
Are privately owned ev chargers covered by strata building insurance?
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Our 101 apartment complex with 170 on-title parking bays is currently installing electrical infrastructure to allow any apartment owner to have an electric car charger installed in their parking bay/s. As the chargers will be attached to a common property wall or pillar in the basement car parks, will the owners corporation building insurance cover the chargers, as they will be individually owned?
What can you do when an owner refuses to pay strata insurance levies?
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I've recently purchased a unit in a block of 6. One owner organises strata insurance. 4 owners have paid their portion of our insurance renewal. The remaining owner of the other two units is refusing to pay their share. We've lodged two thirds of the payment for the strata insurance. What is our recourse here? Is VCAT the only option?
My bank has refused to insure just my property as it's under a strata title, however, I'm not convinced that the strata insurance policy is valid, as the whole amount has not been paid.
Can a previous owner cancel strata insurance after settlement?
I bought a unit in a 4 lot strata this year. There does not appear to be any operative owners corporation. The vendor has contacted the insurance company seeking a refund of the owners corporation insurance premium. This policy was taken out prior to the sale of the unit. The full policy was paid for by the previous owner of my unit as she had no contact with the other 3 owners. Once the refund has been paid, the building will be uninsured. What are my options?
Can a strata scheme take a cash settlement instead of rebuilding after a fire?
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We are part of a strata body corporate consisting of 4 attached units. If all the units were lost (e.g. burnt down), can one of the units take a cash settlement from our insurance company instead of rebuilding? Can they take the cash and leave without rebuilding and removing the debris etc?
Can they also take a cash settlement if it was just one unit lost?
Who pays for termite damage in common property walls?
We recently found inactive termite damage in an external wall. A committee member advised us to contact the owners corporation and keep invoices for the urgent work.