Understand the Strata Insurance market landscape and how to achieve the best outcome for strata properties The strata insurance market is always an interesting place. This guide provides you with an insight into the factors that shape the market and a realistic outlook for strata insurance premiums. It delves deeper
Are your Owners Corporation clients experiencing difficulties paying Strata Insurance premiums, as a result of the economic impact of COVID-19? We understand this is a real issue for OC’s around Australia, and want to let you know that there are options available to help alleviate the financial strain at this time.
Premium Funding & Strata Insurance – a payment solution allowing your clients to pay their insurance renewals over a period of time, to help ease the burden of financial stress.
Do any of the OC properties you manage have defect issues? Are your clients hoping Strata Insurance will cover the defect and resultant damage? Unfortunately it isn’t quite that simple. Renee Cassidy, Claims Manager at Resolute Property Protect explains… With high demand for property and inner city living, apartment buildings
In recent times, Strata Insurance has been a bone of contention for many Strata Managers and Owners Corporations (OC) across Australia. Non-compliant building materials, property defects, and hardening insurance markets have seen Strata Insurance premiums increase substantially, often with restrictive policy conditions and high excesses imposed. To help your clients
If your client receives a Letter of Denial for their insurance claim, it isn’t a particularly welcome outcome, especially if they feel the insurance claim should have been covered under the policy. However, they are able to take comfort from the fact that a denial letter doesn’t have to be
When it comes to Strata Insurance, nothing is as simple as it seems. Lia de Sousa | Resolute Director, explains below the cover your clients need to adequately protect their properties and the contents inside. If there’s one thing we’ve learnt from broking Strata Insurance for 40 years, it’s that
With the Strata construction industry constantly evolving, and the introduction of new and complex legislation, the role of an insurance broker is more important than ever. In order to accurately underwrite a Strata Insurance policy, insurers are requiring a lot more information when placing new business or renewing Strata Insurance
Individuals who own and lease their strata properties often hold expectations that Strata Insurance will insure them for events occurring inside their apartment – this is not the case. Landlord Insurance is essential in order to cover a landlord’s fixtures and fittings, rent default and public liability for inside the
The role of a Strata Manager is continually increasing in complexity and responsibility. Below we address some key challenges affecting properties that can also impact the Strata Insurance – asbestos, non-compliant cladding, and property defects. Unfortunately the frequency at which Strata Managers are faced with these issues is growing, and