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Forum: Under water but over-insured

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It’s not often that you hear people complaining about being over-insured but, hey, this is strata and anything can happen.

In a nutshell, an owner installed a nice new timber floor and then his washing machine exploded (check those hoses regularly, folks) flooded the flat and ruined the new floor.

The owner claimed on their home and content insurance but the insurer asked if the floor wasn’t covered by the strata insurance.

Turns out it was so the H&C insurer said they weren’t paying out on a claim that was covered elsewhere.

Why is the strata committee annoyed by this?  You can read the whole story HERE.

Elsewhere on the Forum

  • Our sacked strata manager has just added three months to his final contract.  Can he do that?  That’s HERE.
  • There was something suspicious about work done on common property but the strata manager won’t let us see the invoice.  That’s HERE.
  • Is it okay for real estate agents to have open inspections and auctions during the lockdown?  That’s HERE.
  • Is there a body that sets service standards for strata managers and enforces them? That’s HERE.
  • Can someone please explain the rules for renovations during lockdown? Yes we can, in full HERE and you can read the Flatchatter’s responses HERE.

There are a lot more questions and answers on the Forum. The best way to keep up to speed with what’s happening is to register (if you haven’t already done so), then login and subscribe to the topics that interest you most.

That way you’ll get an alert whenever the discussion moves forward, and you can also chip in with your own comments and questions.  Have a look HERE at our instant guide to getting online.

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