Insurance
Valuations
The Body Corporate and Community Management Regulations requires that a body corporate must be insured for full replacement value, which includes the above items such as removal of debris and consultants fees. The regulations also require that a valuation be carried out a minimum of every 5 years.
Regardless of the original construction cost, to ensure you are properly insured for an insurable event the estimate must include; escalation, demolition/removal of debris, re-design fees and local authority application fees. These are all significant costs over and above the construction cost.
practicable and affordable solutions across a range of streams including
Fire Safety
Insurance Valuations
Work Health & Safety
Sinking Fund Forecasts
Tax Depreciation Schedules
Latest Compliance News
REGISTRATIONS OPEN! MAJOR STRATA MAINTENANCE PROJECTS SEMINAR SERIES – Smart Strata | Body Corporate Management
REGISTRATIONS OPEN! MAJOR STRATA MAINTENANCE PROJECTS SEMINAR SERIES Registrations are now open for the Smart Strata Community Education Seminar Series, delivered in partnership with Archers the Strata Professionals, focusing on strata major maintenance projects and...
INSURANCE CLAIM PAYOUTS AND SINKING FUND PLANNING – Smart Strata | Body Corporate Management
INSURANCE CLAIM PAYOUTS AND SINKING FUND PLANNING TURNING A COST INTO A STRATEGIC OPPORTUNITY When major common property assets such as a roof, façade or lift wear out or are damaged, strata committees have two important financial tools at their disposal: insurance...
WHY STRATA COMMITTEES SHOULD ENGAGE ENGINEERS FOR BUILDING REMEDIATION – Smart Strata | Body Corporate Management
WHY STRATA COMMITTEES SHOULD ENGAGE ENGINEERS FOR BUILDING REMEDIATION For strata committees, building remediation is not simply a maintenance exercise—it is a governance responsibility with financial, legal, and safety implications. Decisions made during remediation...
A STRONG COMMITTEE MEETS WELL: A STRATA MANAGER’S GUIDE TO BETTER DECISIONS – Smart Strata | Body Corporate Management
A STRONG COMMITTEE MEETS WELL: A STRATA MANAGER’S GUIDE TO BETTER DECISIONS As a strata manager, I’m often asked how committee decisions should be made and whether formal committee meetings are necessary — especially when everyone “seems to agree”. One of the most...