Managing Water Leaks in a Strata Property
A water leak can damage finishes, furniture and electrical equipment, while also affecting neighbouring lots and common property. Acting early can help…
Body Corporate Insurance: Factsheet
Body corporate insurance protects common property, body corporate assets and, in most schemes, the buildings containing lots. It also provides public risk…
Pet Insurance Australia: Heat Is On For Our Furry Friends This Summer
Hot days are on the horizon and while we’re breaking out the short sleeves, cottons and linens, our four legged buddies have limited options to keep their cool. Hopefully you are well aware that it’s not always the animals with the thickest fur who are in most danger when the mercury soars. The number of […]
Strata Community Insurance: Water Damage Can Be Avoided
Strata buildings are complex structures with key components like water pipes, electrical wiring, air-conditioning systems, ventilation and lift systems in place. Much of this infrastructure is hidden out of sight either in cavity walls, cupboards, roof spaces or under flooring so it does not upset the aesthetic appearance of a strata property, apartment or lot. […]
Preparing for La Niña: What It Means for Body Corporate Communities in Queensland
The World Meteorological Organization (WMO) has recently forecasted a potential swing back to a La Niña event in the coming months. For body corporate communities in Queensland, this prediction brings both challenges and opportunities. Understanding the implications of La Niña and proactively managing its effects can significantly benefit these communities. Understanding La Niña La Niña […]
A Message on Stratacare’s Insurance Policies
Managing a strata community is a complex and multifaceted responsibility. One of the critical aspects of this role is insurance management, a task that is often underestimated in terms of complexity and potential pitfalls. At Stratacare, we take this responsibility seriously, and we would like to clarify our policy regarding insurance commissions, emphasising the value […]
ACCC Releases Second Insurance Monitoring Report
Home, strata and small business insurance premiums in northern Australia remained much more expensive in 2022–23 compared to the rest of Australia, the ACCC’s second annual insurance monitoring report has revealed. In the report, released today, the ACCC observes that it is yet to see any significant widespread price effects from the government’s cyclone reinsurance pool in 2022–23, […]
CHU: Understanding The ARPC Cyclone Pool And How It Benefits Strata Property Owners In Queensland
The Australian government has introduced new legislation in the form of the ARPC Cyclone Reinsurance Pool, and it’s something that strata property owners, particularly in Queensland, should take note of. This initiative aims to make insurance more accessible and affordable for those living in cyclone-prone areas. In this article, we’ll break down what the ARPC […]
Honan: Optimising Your Insurance Outcome – The Importance of Understanding Your Strata Property
When it comes time to begin the insurance renewal process for Residential and Commercial Strata Policies, as your broker, we will request specific information (COPE) to help ensure we disclose the necessary information to insurers we approach. Construction materials; external walls (including cladding), subfloor, roofing Occupancy; commercial tenants, holiday letting/AirBNB Protection Exposure This information […]
CHU: Australian Strata Owners Facing Climatic Catastrophes
Strata property owners, like most Australians, have felt the impact of severe climatic events in recent times, without an end in sight. A recent report by the United Nations’ Intergovernmental Panel on Climate Change (IPCC) paints a grim picture of global warming creating even more disastrous climatic catastrophes across the world. “The Australian trends include […]