In most states of Australia, regulations state that the body corporate must, at least every 5 years, obtain a building valuation stating the full replacement value of the building or buildings.

SSKB clients have access to a wide range of insurance services through our preferred Brokers, Aviso EIA Insurance Brokers (formerly IAGB), Whitbread Insurance Brokers, Honan Insurance Group, Joe Vella Insurance Brokers and Collective Insurance Brokers. This allows SSKB’s communities to take advantage of a superior service, competitive premiums, superior claims handling and expert insurance advice. Through these Brokers, SSKB clients have access to a large number of insurers and ultimately, this can help to achieve a reduction in premiums.

Staff of Aviso EIA, Whitbread, Honan, CIB Collective Insurance Brokers and Joe Vella are available to attend community meetings as well as provide face to face advice and assistance. In addition, our clients can liaise directly with these Brokers to obtain advice at their convenience.

Body corporate and owners corporation insurance, covers common property only and that this can vary depending on the scheme type and plans. For example, in Queensland, Standard Format Plans can require different insurance coverage to a Building Format Plan.

Owners will always need to carry their own insurance to cover the internal contents, carpets, curtains, as well as landlord insurance for investment properties.  You need to confirm your body corporate/owners corporation scheme type to understand the insurance requirements for your scheme.