When your policy renews, we contact you 6-8 weeks prior as a courtesy to let you know your policy is falling due. To ensure you are getting the best value and coverage for your strata property, we approach a minimum of three insurers for you to consider.
If there are any increases to your strata insurance premium, we will provide you with information as to why.
To ensure you are not under-insuring, typically a 3% to 6% increase will be applied to your building sum insured, to allow for CPI / Inflation. We also offer you the opportunity to reduce your sum insured back to your previous policy levels.
It is vitally important to insure your property for the correct building sum and we recommend you consider regular insurance rebuild valuations from a qualified quantity surveyor.
We provide a full statement of advice at renewal and bring to your attention optional benefits that may be available.
As a standard, most of our renewals are issued four weeks prior to your policy falling due, however if you need your renewal sooner, you can contact us and we will work with you and your insurer to issue the renewal sooner if needed.