TERRORIST FEE FOR INSURERS

Well I sit on the Council of Owners of a few groups and we get the building insurance annually which generally goes up every year because of some disaster somewhere in Australia or the world or at least that is the excuse they give us every year.

But this year we are being forewarned about a terrorist levy coming towards us - but its not the insurance company that is to blame it's the Government saying they have to do that - REALLY !!  Well when I read that I saw red as you can imagine.  I am not taking that lying down I can tell you there will be several other insurance companies being asked to quote as this doesn't affect one complex I have three I am Chairman of.

The other thing that saw me seeing RED was a check list that the insurance company came up with after they hired an insurance assessor (from the Eastern States) who told us we had to get the complex up to 2017 compliance conditions - REALLY YOU THINK AN OLD BUILDING CAN BE LIKE A NEW BUILDING NOW.  Now I really blew my top on that one and after eventually three weeks of leaving messages and them trying to get me we connected and I let our State Manager know exactly how I felt.  Now we are not talking about a couple of thousand dollars here we are talking $48,000+ for one building and about half and half again for the other two (depends on how many are in the complex etc.)

I was assured that the assessor was highly qualified and made some very valid points.  Well you have been taking our money for 16 years that I know about it, no one in that time has ever come to the complex let alone done an audit on it (apparently done every 5 years hmph not on any of the ones I am involved in have ever had an audit done on them).
Well guess what you will now be losing the whole 3 complexes and probably over a $100,000+ in income, perhaps you will not take such an arrogant stance next time.

It's time for people to stand up against insurance companies, voice your displeasure if you have been a really good client and made no claims then WHY should your premium go up every year for those people that have been claiming away - nope dont believe I should be paying for it and never will.

MAKE YOUR OWN DECISION AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!