Maintain and Repair: Why you and your owners corporation should not rely on insurance alone to protect your property
This is an article repost. Original article posted 2018-07-25 Owners Corporations in Melbourne have been warned that having building insurance is not an excuse to neglect your building’s most important assets. Often, owners attend Annual General Meetings and question costs of maintenance and servicing, particularly with insurance there to cover any breakdowns of assets. However, […]
Are You Doubling Up On Owners Corporation Insurance
This is an article repost. Over the last few weeks, Strata Plan has received a number of calls from customers with questions about building insurance. In particular, it has become apparent that some customers who own lots which are units or townhouses have organised their own building insurance, essentially doubling up on insurance costs. Whether […]
Strata Plan helps committee win back $86,662.24 in a recent insurance win
Owners Corporations have minimum insurance requirements. This is to ensure that common property the owners’ corporation has cover for unexpected events that might lead to damage of the structure or within common property. You’d think that having insurance coverage is enough, but our most recent #StrataPlanWin shows that having coverage isn’t good enough, it’s also […]