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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.

Regards

Peter Jones
National Underwriting Manager
CHU Underwriting Agencies Pty Ltd