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  • #38407
    Jimmy-T
    Keymaster

      One of the big questions around the recent Mascot Tower problems was why didn’t the building insurance kick in, rather than the state government having to bail the owners corporation out with emergency funding.

      The simple answer is that it looked very much like a building defect and that’s not covered by ordinary strata insurance. So what is strata …
      https://www.flatchat.com.au/podcast-everything-you-never-knew-about-strata-insurance/

      The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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