Industry first complete review of strata insurance – here’s everything you need to know! SCA (QLD) has been consistently promoting how crucial the role of a body corporate manager is to the running of a scheme, and this report has confirmed that. It was revealed that strata managers perform 47 critical functions in the insurance supply…
QBCC Home Warranty Insurance Scheme – Is there anything in it for us? The Queensland Building and Construction Commission (QBCC) provides a form of statutory insurance for building defects, commonly referred to as Home Warranty Insurance. There is a common misconception within the strata/community title industry that Home Warranty Insurance doesn’t apply to residential apartments…
Saving on Strata Insurance Both the Commissioner for Body Corporate and Community Management in Queensland, and the Insurance Council of Australia, provide excellent information about how to manage the costs of strata insurance. The Insurance Council of Australia has released: the strata owner’s fact sheet; and the strata owner’s check list. While they are more…
Northern Australian Insurance Inquiry – Interim Report On 18 December 2018, the Australian Competition and Consumer Commission (ACCC) released its Northern Australia Insurance Inquiry first interim report. The report can be read here and media release here. Where to next for the inquiry? The ACCC inquiry will continue through 2019 and conclude at the end…
The world of body corporate is one in which there is a large range of options and decisions to be considered. Unsurprisingly, therefore, it is common that my Office gets asked questions of the “Do I have to…?” variety. Sometimes the answer to such questions is a bit more involved than a simple yes or…
Households and businesses affected by Tropical Cyclone Debbie and its aftermath are being warned to watch out for scam artists posing as builders or insurance company assessors. Insurance companies have received calls from distraught policyholders in northern and south-eastern Queensland and northern New South Wales who have been doorknocked by scammers demanding cash for clean-up,…
Insurance is an essential part of protecting your strata property against the cost of insurable events which would otherwise be a significant unplanned expense. It is also important to act quickly with arranging repairs to prevent further unnecessary resultant damage and to keep the property at its required standard The Body Corporate is responsible in…
Glass breakage in strata buildings is not only inconvenient but can pose a number of safety concerns to strata residents. Glass often covers large areas of a building’s external surface and is a crucial part of a building’s overall structure, yet it is also a commonly overlooked element. If a resident is aware of glass…
With the recent heavy rainfall and flood warnings predicted in parts of Queensland, many of us are washed over with memories of the 2011 floods which left thousands of residents with damaged properties, a mammoth clean-up and in dire need of compensation from their insurers. This event stands as a strong reminder of the importance…