Insurance Articles
Works to common property - The impact on owners corporation's insurance
Owners corporations are required by law to take out and keep current various insurances, including a damage policy for the building, and general public liability insurance. These insurances are granted subject to the insurer’s terms and conditions. If the terms and conditions are not complied with, it may prejudice the amount that the owners corporation could otherwise claim under the insurance, or in some cases invalidate the policy all together.
Excess Claims in Building Defect Insurance Claims
Clarification of excess for a common property HOW claim.
CHU and SUU Special Benefits - Legal Defence Costs
CHU and Strata Unit Underwriters (SUU) provide legal defence cover for defending claims from third parties (like owners or contractors) in addition to the cover provided for legal expenses for the more usual categories of insurance covered by a strata policy.