Strata insurance explained
Insurance premiums are a major component of your strata levies. Although premiums have been rising along with other types of insurance, the cost still compares favourably to insuring a freestanding house when divided up amongst owners through levies. Why do we need insurance Your owners corporation has a legal obligation to maintain insurance that covers […]
Read More
Insurance Obligations
for Strata Schemes
Are you fulfilling your strata scheme’s insurance obligations? The fallout from the global pandemic has reduced production and crippled supply chains for many industries. In the property sector, building material costs, labour, and shipping have significantly increased with no end in sight. Around 60 per cent of construction materials originate overseas, particularly from China, which […]
Read More