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  • #38407
    Jimmy-TJimmy-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.flat-chat.com.au/podcast-everything-you-never-knew-about-strata-insurance/

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