Cladding & Insurance

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Cladding & Insurance

Has your Owners Corporation been stung by large insurance premium increases?

The Insurance Council of Australia has released a protocol whose purpose is to “provide a consistent methodology, in circumstances where ACP type or other combustible façade materials are considered to be present, for assessment and reporting of the residual risk, suitable for both building owners (to make decisions) and underwriters (to set premiums).”

For further details the Insurance Councils article/protocol can be found here.

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