[200William-EC SP67851] SP 67681- Insurance Renewal Proposal - Due 31/03/2015

Wed Mar 4 09:20:11 AEDT 2015

Good Morning Committee,

Please find attached quotations and the brokers recommendation for the upcoming Insurance for this building.

Honan recommends placing cover with the incumbent insurer, QUS Pty Ltd  for the upcoming period.

QUS have recently announced QUS Strata Insurance will now be underwritten by AIG for all policies incepting from 1 December (previously WR Berkley).  With this announcement a new policy wording has been launched for risks incepting from 1 December 2014.

Attached for your information is the new policy wording and a fact sheet on the changes, we suggest you should familiarise yourself with same.  Honan have reviewed the wording and are pleased to confirm the changes are improvements and extensions of the current cover provided.
Please find attached quotations and the brokers recommendation for the upcoming Insurance for this building.

As part of our commitment to ensuring our clients secure the most cost effective and tailored insurance program, we have formalised a relationship with Honan Insurance Brokers to manage the insurance requirements where renewal terms are solicited from insurers who will only deal with specialist insurance brokers.

Benefits for your Committee
Honan's brokering expertise will ensure that:
*       Your property is favourably marketed to insurers to achieve the best possible renewal terms;
*       Quotations and insurance recommendation options are presented for the Committee's consideration;
*       Product comparisons are provided showing the benefits of each insurance policy;
*       In the event of a claim, the Body Corporate can access technical claims advocacy to negotiate with insurers the best outcome for the Owners Corporation.
*       Honan's sizeable presence as a specialist broker in the strata insurance market translates to better pricing for the Owners Corporation."

If I do not receive any instructions from you prior to the renewal date, I will proceed with the broker's recommendation.

Should you have any queries regarding the above, please do not hesitate to contact me.

Have a nice day,

Kind regards,
Pia Cunningham
Strata Manager
BMC Manager and
Company Title Manager

Phone: (02) 9266 2600 | Email: pcunningham at stratatitle.com.au<mailto:northshore at stratatitle.com.au> | Address: PO Box 72, STRAWBERRY HILLS NSW 2012, Level 7, 447 Kent Street, SYDNEY  NSW  2000

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