WA: What if a 10-year maintenance plan isn’t completed?

This article discusses strata 10 year maintenance plan insurance and what happens if required works are not completed.

Question: What happens if the action items in the proposed 10 year plan, as presented to the insurer, isn’t undertaken due to unforeseen circumstances?

What happens if the action items in the proposed 10 year plan as presented to the insurer isn’t undertaken due to unforeseen circumstances? Does the insurer have a right to refuse a claim for property damage?

Answer: It’s very important that it is attended to and you’re working with the insurer.

It’s very important that if the issue has been rated as a high issue that it is attended to and you’re working with the insurer.

When we get notified of a potential maintenance defect, we would advise the insurer and we work with the strata and the strata manager to make sure that any make safe arrangements are done.

Usually the insurers will continue to look after, indemnify that strata, but they’ll definitely be looking for that particular problem to be remedied and fixed as soon as possible.

This post appears in Strata News #443.

Leonie Milonas
PSC Property Lync Insurance Brokers
E: leonie@lyncinsure.com.au
P: 1300 127 503

General Advice Warning
The answers to these questions are prepared as general informational purposes only, and is not legal advice and should not be relied on as legal or insurance advice. You should consult with a qualified insurance or legal advisor. The above is a general response only to questions asked, not taking into account personal circumstances and is not legal advice. See General Advice Warning.