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Appropriate strata body corp insurance

Discussion in 'Legal Issues' started by Sannie, 28th Dec, 2016.

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  1. Sannie

    Sannie Member

    Joined:
    2nd Jul, 2015
    Posts:
    21
    Location:
    Adelaide
    Hi All,
    Our starta insurance plan is about to expire in feb17 and we have an invitation to renewal our policy from CHU, I want to review it and make sure we have the right insurance at right price and wanted to cover with a reputable trusted company. If you have done one how did you go about it? the reason it all started was because I just noticed we dont have flood cover and also then office bearers liability which personally puts me in risk as I look after the records, even though I believe I am reasonably good at keeping records in this case. thought this time of year having some time I should spend on it a little.

    It is for a self managed starta corp in SA. Anytips , suggestions like what companies are good to be with kind of things would be muchly appreciated.
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,501
    Location:
    Sydney or NSW or Australia
    Contact an insurance broker who will test the market and come back with their quotations and recommendations.

    Do you need flood cover? Is it not covered because it is located in a flood zone or because it was not required/not at risk? (Some insurance companies cover flood at no cost if yhere is no risk of flooding).
     
    Russ and Sannie like this.
  3. Russ

    Russ Well-Known Member

    Joined:
    22nd Oct, 2015
    Posts:
    58
    Location:
    Sydney
    agree, preferably an actual strata specialist insurance broker.