Change in residential strata insurance plan minimum excess effective 15 October 2018

Following a review of our current excess structure for CHU’s Residential Strata Insurance Plan, our minimum excess will be increasing from $300 to $500 for all renewals due on or after 15 October 2018.

This change takes into account:

• recognition of the increasing cost of claims in the market generally
• encouraging Body Corporates / Owners Corporations to play a more active role in risk funding
• keeping our pricing economical.

If you have any questions regarding this change, please contact your local CHU branch.