Kimberley Jonsson, CEO of CHU, highlighted the trend towards larger strata developments and the importance of providing adequate insurance solutions to meet this demand. The increased capacity allows CHU to offer standalone coverage for higher-value risks and participate more substantially in co-insurance arrangements when necessary.
This development offers greater flexibility and choice for strata owners and managers, ensuring that even the most substantial properties can secure comprehensive insurance coverage. It also reinforces CHU's position as a leading provider in the strata insurance sector, capable of adapting to the evolving needs of the market.
Strata communities planning large-scale developments or seeking to reassess their current insurance coverage should consider the implications of this increased capacity. Engaging with insurers who can accommodate higher-value risks is crucial for ensuring adequate protection and peace of mind.
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
