Given the limited number of Australian strata insurance coverage options which we’ve identified in our Article All the Strata Insurance Underwriters in a Bucket and how that impacts on strata consumer choice, market behaviours and insurance costs, it’s always good when supply increases.
So Insurance News’ report that Sure Insurance’s increase in coverage limits to $20 Million for north and regional Queensland strata buildings is limited, but good news. A bit like a small box of band aids.
Sure is the underwriter for insurance provided by the Liberty Mutual Insurance Company that operates only in Queensland for residential strata buildings.
Read the full article here.