Over the past year, residential strata insurance premiums in Queensland have experienced a steep and, for many, challenging rise. Increases between 25% and 40% are becoming more common, particularly for schemes with unresolved building defects, a poor claims history, or open insurance claims.
Why Strata Insurance Premiums are Rising Read More »
Insurers require proof that the initial cause has been rectified before they consider covering the costs of repairs for the resultant damage. Without addressing the root issue, any repairs could be undone by a recurring problem, leading to further damage, additional claims, higher excesses, or even denied coverage.
Understanding Insurance Causation Read More »
This article looks at making a claim through strata insurance for an individual lot, from what’s covered, to what you need to do to speed up the claim process.
Making a claim through strata insurance Read More »
This article, while general in nature, looks at what is covered in a strata insurance policy and what owners should be including in their personal house and contents or landlord’s insurance.
What’s covered under a strata insurance policy? Read More »
This article has been reproduced with the permission of Quality Building Management (QBM). to discuss insurance valuations in an everchanging strata market.
Insurance Valuation of Strata Buildings in a Changing Market Read More »
Strata insurance risk requirements from insurance companies – what are they and how to deal with them.
Strata insurance risk requirements Read More »
Strata insurance is a highly specialised insurance product, assessed and renewed annually with pricing set by each insurer independently.
Strata insurance premium trends Read More »
