Commercial Property

Is Recent Inflation Leaving you Underinsured?

Is Recent Inflation Leaving you Underinsured?

By Jody Williams / November 30, 2021 / 0 Comments

With inflation hitting a 30 year high, it’s time to re-evaluate your insurance policy to make sure you’re adequately insured. The Australian Institute of Quantity Surveyors (AIQS) earlier this month voiced concerns that homeowners and construction companies could be left underinsured following rising inflation and the increasing cost of materials. If homeowners took out insurance […]

Read More
Is Recent Inflation Leaving you Underinsured?

Strata Companies to be Vigilant of Rising Costs

By Jody Williams / November 30, 2021 / 0 Comments

Along with homeowners, strata managers should also be aware of rising inflation and check when their building sum was last updated. If it has been more than 12 months, it’s strongly recommended to obtain a new valuation. Next, strata owners need to look at what level of indexing applies to the sum insured on the […]

Read More
Is Recent Inflation Leaving you Underinsured?

Construction Companies Also Inadequately Insured

By Jody Williams / November 30, 2021 / 0 Comments

Construction businesses also need to be wary of rising costs, and double check they are properly protected from damage or theft. Reinforcement materials alone have climbed from $1,330 a tonne in mid-2020 to $2,400 a tonne in April this year. Most notably, the cost of timber, steel and concrete has climbed significantly. While insurance policies […]

Read More
Call Now Button