Insurance policies for strata developments generally include coverage for reinstatement or replacement of the building and common property in the event of a claim. Generally, risks covered under these policies are for accidental damage from events such as impact or a storm. What lot owners and some strata managers may not know is that many strata policies offer special or…
At Risksmart, part of the service we provide involves assessing compensation for personal injury matters, especially for injuries suffered in public places controlled by shopping facilities. Each state and territory have different laws for calculating damages. To assist, this article unpacks how a claimant’s entitlement to compensation is assessed, depending on their location. WHAT ARE GENERAL DAMAGES? General damages are…
With many regions of the country experiencing higher than average rainfall, mould outbreaks are becoming more common in properties. For rental accommodation, the questions of “who is responsible for the mould – the landlord or tenant?” and “will the policy respond if I make a claim?” are common ones. This article addresses these in turn. Who is responsible? First…
Just 4 months since flooding wreaked havoc in NSW and QLD, heavy rain is causing extensive flooding in eastern NSW. Our thoughts are with everyone impacted by this devastating event. Safety is a priority, so please continue to follow the advice of your local authorities and only return to your property if it has been deemed safe. Here are some actions…