At First National Real Estate Karratha, we believe in doing things the right way. No shortcuts, no hidden fees, no surprises. We’re here to serve you, the property owners, with integrity and transparency. Recent industry discussions, particularly those highlighted by the Australian Consumers Insurance Lobby (ACIL), have shed light on questionable practices regarding insurance commissions in strata management contracts. Let’s set the record straight!
No Insurance-Fee Policy
We don’t play games with your money. Unlike some standard contracts in the industry that include clauses leading to higher costs for property owners, we do not charge any fees or commissions for sourcing or renewing insurance for strata schemes.
Why is this important?
- Cost Savings: By not charging these fees, we ensure that you are not burdened with additional costs that can add up over time. This approach allows you to allocate your funds more effectively, focusing on maintaining and improving your property rather than covering unnecessary expenses.
- Transparency: Our commitment to transparency means you know exactly what you are paying for, with no hidden charges or surprises. We believe that clear and open communication builds trust and fosters a positive relationship between us and the property owners.
- Fairness: We believe in fair practices that benefit the owners' corporation, allowing you to seek competitive insurance options without any restrictions. This ensures that you have the freedom to choose the best insurance policy that suits your needs and budget.
The Benefits of Using an Insurance Broker
In addition to our no-insurance fee policy, we choose to work with insurance brokers whenever possible. Here’s why this is beneficial for you:
- Expertise and Advice: Insurance brokers bring specialised knowledge and can provide expert advice tailored to the specific needs of your strata scheme. They understand the complexities of strata insurance and can guide you to the best coverage options. Their expertise ensures that you are well-informed and confident in your insurance decisions.
- Access to a Wider Market: Brokers have access to a broad range of insurance products and providers. This means they can shop around to find the best coverage at the most competitive prices, ensuring you get the best value for your money. This access to a wider market can result in significant savings and better coverage options.
- Claims Assistance: In the event of a claim, brokers offer valuable support and advocacy. They help navigate the claims process smoothly and efficiently, ensuring you get the assistance you need when it matters most. This support can be crucial in stressful situations, providing peace of mind and ensuring that claims are handled promptly and fairly.
- Risk Management: Good insurance brokers can help identify and mitigate risks, providing recommendations that can lead to better coverage and potentially lower premiums. Their proactive approach to risk management can save you money and hassle in the long run. By identifying potential risks early, brokers can help you implement measures to prevent issues before they arise, further protecting your property and investment.
Our Commitment
Our commitment to fair and transparent practices in strata management sets us apart. By not charging fees or commissions for insurance and leveraging the expertise of insurance brokers, we ensure that you receive the best possible service and value. We believe that our approach not only saves you money but also provides you with the peace of mind that comes from knowing your insurance needs are being handled by professionals who have your best interests at heart.
Looking for no-insurance-fee strata management…. Call our team 9144 2200.