For developers of new strata properties in Australia, securing comprehensive insurance coverage is a critical step in the development process. However, common questions often arise, particularly around the need for detailed construction material breakdowns and percentage allocations. In this article, we address some of the most frequently asked queries and explore key considerations when insuring new developments.
Australia is experiencing a severe housing affordability crisis. Our demographics and needs are changing…BTR may be part of the plan to deliver a diversity of new housing options.
Looking forward to a new year, there is hope that 2025 will be less turbulent and more predictable. Reflecting on the past year, we’ve seen the following trends in the market…
Following a year of rapid growth, Whitbread is delighted to announce the appointment of Alan Ferre to the newly created role of Executive Manager, Whitbread Strata.
Fires ignited by charging lithium-ion batteries in apartments have been prevalent in the media. Some apartment owners are looking to limit or even ban electric bikes and scooters and charging their batteries in the building…find out more…
The world of strata insurance is experiencing dramatic transformation. Insurers are becoming increasingly risk-averse in the face of natural disasters, resulting in changes to policy, reduced competition and sharp increases in premiums. The surge in demand for building materials and construction services is driving up maintenance costs, while the rising cost of living sees strata…
This article addresses the ins and outs of flood cover, and whether your clients can include flood cover as part of their Strata Insurance. 1. How is flood defined In the past, different insurance companies all had their own definition of what constitutes ‘flood’ in their policy wordings. However, in 2012, the Insurance Council of…
Understand the current Strata Insurance market landscape, how to achieve the best outcome for your strata property, and what’s on the horizon for 2022. Strata Insurance Market Overview The Strata Insurance market is experiencing considerable rate rises and cover availability is becoming increasingly restrictive. Major losses across the insurance industry, in particular the strata space,…
From earthquakes to storm damage, many homes, cars and businesses have experienced serious damage due to recent events. In turn, this has seen a major spike in insurance claims, with brokers, insurance companies and repairers alike being inundated with claims to resolve. As we come out of lockdowns and with travel borders opening, the next…
Nobody thought we would still be working from home 18 months later when the pandemic began last year. No matter your situation at home, whether you are living alone, home-schooling children, or having to share the same workspace as your partner, we believe it’s best to stick to a routine during lockdowns. To help keep…
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