2. Is builders insurance in ACT adequate? Are current ACT strata insurance requirements sufficient? Does available strata insurance meet current legal requirements? How do ACT owners and managers determine who pays for property damages? What can unit owners do for themselves to improve insurance outcomes? Today’s questions
3. Imagine ‘ratemystratalaws.com’ % Comparative study of key features of builders warranty insurance and strata insurance legislation TEYS Lawyers May 2011
4. Builders insurance comparison study Comparative study of key features of builders warranty insurance TEYS Lawyers May 2011
5. ACT builders insurance v market $ Comparative study of minimum insurance required of builders and median unit prices for capital cities March 2011 www.apm.com.au, TEYS Lawyers May 2011
14. A word on excesses Policies with an excess are in breach of ACT strata laws which are absolute as to required cover If common property causes lot property damage, the OC must pay the excess If lot property causes damage, the OC must still pay the excess because of breach of absolute duty to insure