Day: 24 May 2023

Let’s consider the following items in relation to Strata Building insurance: Underinsurance; Owners’ legislative obligations; Important considerations when appointing a valuer; Key timelines in the calculation of a Sum Insured. Underinsurance Despite the fact legislation requires the Corporation, Owners Corporation, Plan or Company (“Body Corporate”) to insure the building for rebuilding and/or replacement value, it … Read more