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Q&A: Who pays the Strata Insurance excess on a leaky pipe claim?

By Renee Cassidy on

In the event of water damage due to a leaky pipe in a Strata property, who is responsible for paying the excess - the owner or the body corporate?

Excesses can be a confusing area when it comes to Strata Insurance claims, particularly around who is responsible for paying the excess. Whitbread's Strata Insurance specialists sought to provide some clarity on this issue in a recent LookUpStrata Q&A article when asked about a specific Strata Insurance Claim.

QUESTION

"I had a breached pipe in the shower and insurance has paid the claim. Who pays the insurance excess – the owner or the body corporate? I assumed the body corporate. If it is the body corporate’s expense, what is the correct process? Is it OK to go ahead and pay the owner from the strata account once we all have agreed?"

ANSWER

As different Owners Corporation have different rules surrounding insurance claims, Whitbread and LookUpStrata partnered with Tyson D’Sylva, Ace Body Corporate Management, to answer this interesting question - read the full Q&A article as featured in the Look Up Strata newsletter here.

 

This insight article is not intended to be personal advice and you should not rely on it as a substitute for any form of personal advice.  Please contact Whitbread Associates Pty Ltd ABN 69 005 490 228 Licence Number: 229092 trading as Whitbread Insurance Brokers for further information or refer to our website.

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Note: Some information in this article has been generously provided by Whitbread partner, and leading Australian IT specialists, Surety[IT]. 

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