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I see what you mean....thanks....

Thanks BrettC I'll have a look when I'm done with my plumbing saga. I was almost literally in tears over this. This is a big thing for me, as I'm not a DIY person. How do insurers calculate the value of a property when making a payout? Higher of market value vs purchase price? And how is market...

Thanks BrettC. Mortgagee protection insurance, if it's the one I'm thinking of, is the one where they would pay out the value of your unit if, say the building burnt down but the strata had not been paying the insurance premiums for the last few months. What insurance company do you spruik...

True true... Again, that' why I don't buy into apartments with pool, lift, gym etc And the same reason I haven't installed aircon or ceiling fans for my unit. I think I was thinking of an expensive apartment without those mod-cons. Like the type Lara Bingle bought, in Elizabeth Bay...

I'm exec too. I am one of 3 people who actually attends meetings. HandyAndy - I tried to PM you but your inbox is full and my message was rejected. Thank you very much for your replies in regards to the leaking shower. It's given me alot of information. You could say I regret having the shower...

Mmmm I was thinking in terms of general repairs. People I know who own in more expensive buildings can kick back and let the other owners take care of the strata. They know the other owners will fix leaks, paint the walls, take care of the garden, update the carpet... they don't seem to have...

So what happens? Do you just wait for the building to collapse? And then....?

Precisely why I have been put off apartments. I'd hate to imagine the strata meetings on those big blocks. You know, the ones that are 10-20+ storeys high, with the lifts... Burnt off completely. I have enough being yelled at now.

I've never owned a house. You mean the insurance screws people over for house insurance as well? Switching to owning houses doesn't solve any problems in that regard then. At least I can maintain my house to the standard I want. Budget permitting.

HandyAndy: Who do you mean by 'we'? I go with the landlord insurance I think is best. Which I thought was AAMI. Mistakenly, of course. CHU is underwritten by QBE. Bad reviews on QBE. I'll look into TS when this sage is over.

PS Y-man - you mean the strata insurance company is supposed to pay for leaking shower recesses and leaking walls? We paid it out of our admin fund last year to repair the shower base. about $900-$1000. I wonder if we can claim this time.

Hi Y-man Just wondering if you've invested in apartments before? In case you haven't, apartment-owners have their hands bound by this nuisance strata issue. I have tried to get a new strata manager. It's only a little block of 5. 1 owner-occupier is is not my friend. Another 1 (apartment...

Hi DaveR. Landlord insurance with AAMI. Building insurance with CHU (i have no say in this matter - strata decision). I will call CHU to ask if they will cover me. Because my strata manager gets angry when he has to do too much (really). I pay so much because I over-insured (thinking it would...

Hullo. My property is tenanted and the shower has sprung a leak (please see the whole other post for details) Well. I have landlord insurance with AAMI, insuring my contents for 100k, thinking it would cover the fitout (toilet bowl, vanity, kitchen cupboards, blinds, floating floors....) in...