Are you fully aware of the legal guidelines you need to follow in order to provide financial advice or arrange insurance for your clients? Do Strata Managers need to become an Authorised Representative? The Financial Service Reform Act 2001 changed many things in regards to giving advice. Prior to this
The problems with signing a release
As Strata Managers, your days are spent ensuring the needs of the Owners Corporation are met. Owners expect quick and timely action on all matters particularly when it comes to claims. However, in our experience, Strata Insurance claims that involve more than one party can result in unnecessary delays if
Why knowing about the people in the building you manage, can make all the difference?
Did you know that insurers consider different business activities more risky than others and some have varying risk preferences. For example an office is considered a low risk business activity whilst a fireworks factory is a high risk business activity. Often commercial strata properties are occupied with businesses with varying
Residential Strata Insurance Q & A
Here are the most common questions we get about Residential Strata Insurance. Question: What is a building generally covered for under a Residential Strata Insurance policy? Answer: Strata Insurance policies generally cover material damage as a result of an insured peril to structural fixtures including fixed plant, machinery and underground
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