Insurance (a legal requirement)
Insurance aspects – including the nature and extent of cover, premiums and claims recovery – are amongst the most significant considerations for an Owners Corporation. We are well placed to guide and assist with insurance related matters, including obtaining quotations to handling claims with insurers who have appointed us as their authorised representative.
Strata Management holds Australian Financial Services Licence and Authorisations, and is an authorised representative (no. 269111) of Consolidated Insurance Agencies Pty Ltd (CIA) and Corporate Home Unit Underwriting Agencies Pty (CHU). Our managers are therefore well trained to assist and guide in aspects of insurance offered to an Owners Corporation by CIA and CHU: they include obtaining quotations, handling claims and general information.
*Please note we are prevented by the Australian Financial Services legislation to comment or provide assistance on insurances where we have not been appointed as authorised representatives.
Our relationship with CIA and CHU allows us access to most of the insurers that provide Owners Corporation cover.
Owners must be fully aware of the cover provided by a policy of insurance and to assist you. Here is the link to Consolidated Insurance Agencies (CIA) website where you will find the Policy Document Schedule (PDS) documents from the underwriters that are used by the Owners Corporations we manage. Please contact us if you are not sure who the underwriter is for your Owners Corporation.