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Flex Insurance to increase minimum Public Liability Cover from $10 million to $20 million

The soon to be implemented Owners Corporations and Other Acts Amendment Act 2021, requires that all Owners Corporations located in Victoria …

How regular building valuations can save your strata money and heartache

What is a building valuation?A strata building valuation is an independent expert's assessment of the value of your property now and its pro…

Strata building defects - who deals with them, and who pays for them?

What is a building defect?A building defect usually stems back to its construction or renovation. It can be a major issue preventing the use…

What's a strata inspection report and why are they so valuable?

What is a strata report?A strata inspection report is prepared by a specialist and contains all the information that a prospective buyer wou…

Claims Handling and Settling - Who needs a licence?

Following the Hayne Royal Commission, Parliament passed the Financial Sector Reform (Hayne Royal Commission Response) Act 2020. The Act cove…

Unfair Contract Terms Law

The Unfair Contract Terms law (UCT) covers unfair terms in consumer contracts for financial products and services. It was recently updated t…

Changes to the GI Code of Practice

The ever changing general insurance landscapeWith numerous reviews and legislative changes, general insurance continues to evolve.
Flex Insu…

What do our body corporate fees and strata levies actually pay for? 

Firstly, what are strata levies and body corporate fees?In a strata property, individual lot owners pay a strata fee or levy to the body cor…

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