Tag Archive for: premium
Weekly FAQ #1 – Insurance Premium & Cost Savings
Weekly FAQ #1 – Insurance Premium and Cost Savings
Q. Our insurance premium is too high, can’t we just reduce the insured building amount? It is unlikely that we will ever claim the whole amount anyway!
A. The insurer will request that a property insurance valuation report be done for any request to reduce the insured amount. Reducing the insured amount is not the right way to cut cost. A lot of strata properties are under insured and poses a huge financial risks to property owners.
At MOCS, we will always call for multiple quotations prior to the renewal of the insurance to ensure you get the best value for money!
ABOUT US —–
Melbourne Owners Corporation Services provides professional owners corporation and company management services to a broad range of clients throughout Melbourne.
KEEP IN TOUCH —–
Ph: 03 9818 2488
Monday-Friday: 9am to 5pm
- Saturday: Closed
- Sunday: Closed
ADDRESS
G01/12 Cato St,
Hawthorn East VIC 3123
PO BOX 2228 Hawthorn VIC 3122