Australia: Five ways strata owners can stem the tide of rising insurance

/ Owner - December 14, 2023

Climate change is driving insurance premiums higher – in strata properties premiums are set to rise nationally by 15-20 per cent from the start of FY24, according to Honan Insurance Group, driven by “claims costs inflation, rising building valuations, and insurers raising rates after periods of losses”.    Read the article……………………………….

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