Change in Residential Strata Insurance Plan minimum excess Effective 15 October 2018
Following a review of our current excess structure for CHU’s Residential Strata Insurance Plan, our minimum excess will be increasing from $300 to $500 for all renewals due on or after 15 October 2018.
This change takes into account:
- recognition of the increasing cost of claims in the market generally
- encouraging Body Corporates / Owners Corporations to play a more active role in risk funding
- keeping our pricing economical.
If you have any questions regarding this change, please contact your local CHU branch.
National Underwriting Manager
CHU Underwriting Agencies Pty Ltd