Day: 28 June 2020

Be Prepared: How to Manage Burst Pipes Water Damage: The No. 1 cause of strata claims. At Strata Community Insurance, just under 70% of claims raised relate to water damage. Burst pipe claims are becoming more severe and expensive, often causing damage to furniture, appliances, floors, walls and ceilings. Added to this is the inconvenience … Read more

Your obligations to insure for full reinstatement and replacement value of your strata building Body Corporate (BC’s) are required to insure for full reinstatement and replacement value. Unless a BC has an up-to-date valuation, extra care must be taken to ensure that any movement in building material and labour costs is taken into account throughout … Read more

The issue of highly combustible cladding usage in high-rise buildings was most recently highlighted in February 2019, when the Melbourne Neo 200 building caught fire from a lit cigarette on a balcony, causing an instant blaze. In June 2017, a fire tore up London’s 24-storey Grenfell tower, leading to 72 deaths. In November 2014, a … Read more

12.5cm maximum opening for peace of mind! Each year in Australia approximately 50 children (or almost one per week) fall from windows or balconies, often resulting in serious injury or even death.* The majority of these incidents occur in residential strata complexes. Children aged from one to five years are most at risk, as they … Read more