In October 2011, the Owners Corporation No. 1 Committee arranged insurance of the buildings within “The Park Apartments” complex, for accidental loss and damage in accordance with the Owners Corporation Act. The insurance is with Chubb and administered through MCA Insurance Brokers Pty Ltd.
All claims on behalf of the Owners Corporation and individuals are processed by MCA Insurance Brokers. Claims should be submitted through the Owners Corporation Manager, Victoria Body Corporate Services, who will then forward the claim to MCA. MCA will then communicate directly with the claimant.
The excess on all claims (excluding rain damage): $5,000
The excess on water damage: $25,000
For claims in regard to common property, the excess will be met by the Owners Corporation in which the common property is vested. For claims lodged in regard to a lot, the excess will be met by the owner of the unit making the claim.
Owners can obtain an "Insurance Report" from the Owners Corporation Manager.
For details of the claims process and contact numbers click here