ABOUT

The correct and compliant handling of Owners Corporation Insurance is one of the most important aspects of a manager's role. 

 

This short course will help Managers better understand the legislative framework and requirements for insurance in Strata Communities. From policy inclusions and exclusions, to optional covers, commissions and disclosure, common vs private insurance requirements, dealing with costs, valuations, claims, and more.

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DEVELOPED WITH EXPERTS

This short course was built as a collaboration between SMTI and Strata insurance specialists, SCI Insurance.

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LEARNING OUTCOMES

This short course will provide participants with knowledge in the following areas:

• Legal Framework for strata insurance

  • Owners Corporations Act 2006

  • AFSL Framework

  • Financial Services Licensing Structure

• Authorised Rep VS Distributor

• Types of advice

• Premium cost structures

• Receiving Commissions/Disclosure

• Types of Cover

  • Minimum Required Cover

  • Optional Covers

  • Understanding the scope and reach of cover

• Lot owner's insurance responsibility

• Insurance Valuations

• Handling Claims

• Recovering excesses and other costs

• Duty of disclosure

• Understanding loss ratio

• Certificates of currency

• OC Managers PI Cover

 

ASSESSMENT

This short course includes a three-part, self-guided assessment that reviews key concepts from the session.

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​ENDORSED FOR CPD
This short course has received CPD approval as an external third-party solution from SCA Vic, allowing SCA members to accrue vital CPD points.

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CONTACT

For more information and pricing, please get in touch with us.