Strata News

Underinsurance… An Ongoing Problem for the Strata Sector

In spite of the fact that legislation requires Corporations, Owners Corporations, Plans and Strata Companies (“Bodies Corporate”) to insure buildings for rebuilding and/or replacement value, it is possible that even with a valuation, the sum insured is incorrect....

Terrorism Gap – Are you Covered?

An article featured in the Gold Coast Bulletin ¹ has warned body corporate committees to review their insurance coverage, emphasising the importance of ensuring that property owners are protected against damage resulting from an act of terrorism. The article by Paul...

Strata Owners to Benefit from Tax Savings on Insurance

A fairer system for NSW Emergency Services funding: Levies to be removed from insurance contracts. In what is a historical and significant win for lot owners and bodies corporate of strata schemes across the State, the NSW Government has recently announced it will...

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