Replacement insurance cover for a community scheme is a critical matter that requires attention from both trustees and owners. Regular valuations of the scheme's replacement value play a key role in determining the annual premiums, affecting the levies owners pay.
In this session, we explored how valuations impact insurance premiums, the role of fidelity guarantee insurance and managing agents, factors influencing annual premium increases, and other relevant insurance topics affecting community schemes.
This training session was presented by Leigh Maingard, CEO of Intersect, and with Mike Addison from Addsure, and took place on Wednesday 2 October 2024.