Insurance

insurance
Factors Driving the Insurance Valuations and Premiums Increases

In recent times, the landscape of insurance premiums and valuations for strata properties in Australia has undergone a significant transformation. This article delves into the key factors contributing to the […]

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Mabi

June 1, 2024

insurance
Everything you need to know about strata insurance – A complete guide

Curious about strata insurance and exactly what it covers? You’re not alone. We receive numerous questions about strata insurance daily, and in this guide, we’ll address the most common enquiries […]

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Whitbread

May 23, 2024

insurance
Mastering strata insurance

7 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 […]

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Whitbread

April 19, 2024

Strata Insurance – Tips and Pitfalls to Watch in 2024

Strata insurance is compulsory. So, the ongoing challenging insurance market and cost- of-living pressures mean it’s crucial to spend time buying your insurance protection wisely. The outlook for 2024 There’s […]

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By BCB

April 10, 2024

Do We Need a Third Fund?

If you always do what you’ve always done, you’ll always get what you’ve always got. This article leads on from my earlier article on Making your Scheme Competitive to Insurers […]

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By Wal Dobrow, Director, BIV Reports

April 10, 2024

Strata Industry Preparedness and Resilience –Learnings from Recent Catastrophes

Australia’s climate presents unique challenges for strata buildings. From scorching summers to torrential rains and hailstorms, it’s essential for Strata Managers, Insurance Brokers, and property owners to be well-prepared for […]

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By CHU

February 19, 2024

Are You a Risk Seeker or a Risk Avoider?

We’re exposed to many types of risk in our lives. Our attitude to risk is often referred to as our “risk tolerance” and in the insurance world, the term “risk […]

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By BCB

February 19, 2024

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 […]

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Whitbread insurance

January 14, 2024

Advancing Sustainable Development in the Strata Industry: A Path Aligned with UN SDGs

The United Nations Sustainable Development Goals (UN SDGs) are a set of 17 goals, embraced globally, which outline a vision for a fairer, greener future. They cover important world issues, […]

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By CHU

December 12, 2023

Are Further Insurance Premium Hikes Inevitable?

Weather events have been the greatest contributor to rising strata insurance premiums. While Queensland is seeing some relief from premium hikes thanks to the Cyclone Reinsurance Pool (CRP), many strata […]

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By BCB

December 12, 2023

trending
Peak Strata Body Releases Landmark Strata Insurance Disclosure Best Practice Guideline

Property peak body Strata Community Association (SCA) has released an industry first Strata Insurance Disclosure Best Practice Guideline that will improve strata insurance practices and outcomes for its members and […]

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SCA

December 8, 2023

Strata Communities — Who, Where and Why?

Our strata industry continues to grow and evolve, as more Australians choose to own or live in high-density communities. This is due to population growth, the conversion of existing buildings […]

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By BCB

October 8, 2023

Valuers are Valuers — Building Insurance Valuations

Specialised field Building Insurance Valuations for strata and community schemes is a very specialised area. Each State has differing requirements, ranging from ‘obtain a valuation’ (VIC), ‘full replacement value’ (QLD), […]

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By Wal Dobrow, Director, BIV Reports

October 8, 2023

What Does the ARPC Cyclone Pool Mean for Strata Property Owners?

The government’s new ARPC Cyclone Reinsurance Pool provides accessibility to insurance for strata property owners and aims to have a positive impact on insurance for customers in cyclone prone areas […]

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By CHU

October 8, 2023

insurance
WA – Dry and Hot Conditions Ahead

Don’t wait for the official declaration While the Bureau of Meteorology hasn’t yet declared an El Niño in 2023, that’s not a reason to ignore the onset of the summer […]

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Nick Swallow, BCB

September 9, 2023

insurance
Ensuring Adequate Insurance Coverage for Strata Properties

For strata property owners, the common areas are a shared responsibility. This puts strata owners in a unique position, where their insurance cost is shared, and so too are the […]

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CHU

September 9, 2023

insurance
Cyclone Seroja – A story of strength, survival and providing hope

Narrated by Tony Gorman, Director Valuations-Perth “I love a sunburnt country, a land of sweeping plains, of rugged mountain ranges, of droughts and flooding rains, I love her far horizons, […]

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Tony Gorman, Director Valuations-Perth, Acumentis

September 9, 2023

insurance
Why You Should Recalibrate Your Building Insurance Valuation Now

CAUSES OF CONSTRUCTION COST INCREASES Recommendation – obtain new Building Insurance Valuations, as earlier valuations were carried out in an environment of an expected ‘steady’ increase in construction costs, not […]

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Wal Dobrow, Director, BIV Reports

September 4, 2023

sustainability
Powering Ahead – Electric Vehicles and Strata

The sale of Electric Vehicle (EV) models in Australia is growing to meet the changing demands of buyers. The year-on-year growth of EVs and Australia’s transition to sustainable energy is […]

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Whitbread insurance

August 30, 2023

insurance
Understanding and Influencing Insurance Risk: The Dual Approach of Frequency and Severity

The strata insurance market continues to evolve post pandemic, with more complexity and scrutiny placed on the properties the insurers cover. This has been driven in part by ongoing inflation, […]

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Strata Insurance

August 30, 2023

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