This is the single biggest invoice a strata building will pay each year, it is also the highest risk item if not done correctly. Yearly Questions/Review Items:- what is the premium being paid what are the fees being paid to the broker, strata managers, any other people involved what are the sub-limits on each policy […]
Tag: insurance
Who pays the strata insurance excess
Strata building insurance is one of the most commonly overlooked elements of a strata building, for many different reasons. one of those areas of oversight is the insurance excess or also called the deductible. Insurance excess is one of the areas in strata where commonsense fails to exist, now I’m sure that everyone understands and […]
Why & How to Build a Strata Website
Over 20 years websites have become a standard part of life with all community clubs, businesses and individuals having a custom web presence. With strata buildings quickly becoming bigger and more regulated the benefits of buildings having a strata website has grown. To help every building create their own building website at low-cost and low […]
7 Rules for Strata Levies
[one-half-first] [/one-half-first] [one-half]Strata levies are the one contact point that a strata building has with each owner. While 100% attendance should occur at the AGM, we all know it doesn’t happen, not even close. This makes the management of levies and therefore expenses the single biggest duty of the committee and strata manager. When considering […]
7 things every Strata Committee needs to do in 2018
As we all face 2018 and residential apartment prices continue to grow in Sydney and New South Wales we have outlined the top must do’s for every strata committee in 2018. Every item below is a mini insurance policy for your buildings future and current value. 1.Facade Cladding The Grenfell fire in London made the combustible […]