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Journeys : Oct Nov 2011
Life on the move Understanding strata title cover. Information sessions were held in the Hobart and Ulverstone areas. The sessions covered: • What is a strata title scheme? • What does strata title insurance cover? • What is a body corporate? • What insurance requirements is a body corporate responsible for? Both sessions were very well attended by more than 80 people. The sessions were able to bring together representatives from RACT Insurance and the Land Titles Office, along with legal input allowing for clarity on issues such as common property and legal liability. The sessions were informative in so far as they provided the opportunity for an open discussion on the challenges that are faced by body corporates. RACT Insurance introduced a revamped strata insurance product in November 2009. This policy provides comprehensive cover to suit Tasmanians’ situations and needs, fully backed by local service, claims experience and, above all, help when you need it most. Strata title insurance that understands Tasmanians? Solved. Strata title insurance can be a complicated issue and at RACT Insurance we have recently run some sessions to help educate strata title lot owners. Trent Sayers explaining strata cover At RACT Insurance we’re constantly developing policy benefits that specifically meet the needs of Tasmanians. If you’re part of a body corporate, our strata title insurance covers you for theft, fire, storm or flood, with the added protection of cover for your common area – as well as the security of our 25% safety net, which assists you if the cost of repairs or rebuilding exceeds your sum insured. You’ll also be covered for common area liability, common contents, embezzlement of funds, office bearers’ liability and lifetime guarantee on repairs. We want Tasmanians to have complete strata title protection. RACT Insurance Pty Ltd, ABN 96 068 167 804, is the insurer of this policy. To decide if it is right for you, please carefully read the relevant Product Disclosure Statement, which is available from your nearest RACT branch or by calling 13 27 22. Use of the Rubik’s cube® is by permission of Seven Towns Ltd. An insurance message brought to you by Visit your local branch or call 13 27 22 0637_stratainsuranc.pdf Page 1 6/09/11, 3:23 PM 36 October / November 2011
MNJ Aug Sep 2011