Mastering strata insurance: Seven essential tips to navigate challenging times

Mastering strata insurance: Seven essential tips to navigate challenging times

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…

The Strata Insurance Market Explained

The Strata Insurance Market Explained

Understand the Strata Insurance market landscape and how to achieve the best outcome for strata properties The strata insurance market is always an interesting place. This guide provides you with an insight into the factors that shape the market and a realistic outlook for strata insurance premiums. It delves deeper into key areas of insurer’s…

Navigating the Australian Strata Insurance Landscape

Navigating the Australian Strata Insurance Landscape

Talking about the weather is often an ice breaker before getting on to the real topic of conversation. For insurance, the weather is a big deal, as natural perils like cyclone, storm, and flood, are key components of a premium. The current strata insurance landscape has been shaped by recent weather events, coupled with inflation….

Underinsurance: Something you should always avoid when insuring your property.

Underinsurance: Something you should always avoid when insuring your property.

It is a simple fact that most homeowners may not have enough savings to rebuild a badly damaged or destroyed home, or, to pay off the mortgage still owing even though the home may no longer exist.  Even though most homeowners do have Home Insurance, a worrying proportion of people do not insure for the…

How to help prepare your business for an El Nino summer

How to help prepare your business for an El Nino summer

All the data points to a hotter than-average summer, which means Aussie businesses should prepare for extreme weather during the warmer months. Here are some steps you can take to help prepare your small business, in case droughts and floods affect your area. The Australian Actuaries Climate Index (AACI) indicate conditions are ripe for a…