Composition of the sectional title policy
A typical building’s policy comprises two parts: the policy wording and the policy schedule. Sometimes a third part, a schedule of replacement values, is attached, although often taken as part…
schedule of replacement values
Owners and the schedule of replacement values
(Updated 12 December 2024) A schedule of replacement values (SRV) needs to be prepared, by the body corporate, ahead of each AGM, so that owners can agree and vote on…
Escalation and inflation.. what?
(Blog post updated on 18 November 2024) Why escalation and inflation extensions are vital for building insurance When insuring your property, it’s essential to include escalation and inflation extensions to…