Uber changed the taxi industry & AirBnb turned property rentals on their head.
Now it’s our turn…
Commission Free Strata Insurance
Uber changed the taxi industry & AirBnb turned property rentals on their head.
The New Standard in Strata Insurance
Free your strata costs and take control with an upfront fee and no commissions paid to third parties.
Full claims management included.
Attendance at 1 Strata meeting per year as required to discuss or answer any Executive Committee or Unit owner enquiry.
Your Strata will be assigned a personal account broker as any first point of contact.
Free property valuations every 5 years for strata up to $50M.
7.5% fee, fixed for 5 years.
Sounds great! How does it work?
Under normal insurance arrangements a strata manager, places the insurance either direct with an insurer they deal directly with, or through an insurance broker. Commissions are paid and dealt under an arrangement between the parties.
Under our fee structure, we would be offering terms to Strata from insurers NET of ANY commissions which in effect will reduce your strata insurance premiums.
At Ian Jones Insurance, we charge a flat fee direct to the body corporate as a % of the total premium your strata pays – 7.5%(+GST)
Regardless of which strata insurer you are currently with, the same premium reduction methodology applies.
Here’s an actual Premium Example
Standard Practice
Total Gross Strata insurance premium
$71,025.00
Under our Commission FREE Strata terms
(in other words exactly the same policy)
Total Strata insurance premium
$55,844.71
Total free charged
$4,188.35 + $418.83 (GST) = $4,607.18
Total insurance cost to the strata
$60,451.89
That’s real saving to the Executive Committee of
14.89% or $10,573.10!
How do I get it?
Does your Executive Committee fully understand the financial arrangement between your insurer, your strata manager and any insurance company or broker they may be associated with?
Are you aware of the true commissions, fees and any other remuneration that you paid along the way with your strata insurance premium?
What if we were to show your Executive Committee how to greatly reduce your strata insurance premium – without any disadvantage to the Strata EC or even any changes to your insurer?
Amazing! What next?
It goes without saying that better premiums are what strata clients are after… find out how you can make significant savings for your committee and tenants and discover the new standard in strata insurance…
Call 024910 3900 to discuss your options or arrange a meeting or email us at strata@ianjonesinsurance.com.au and find out what can save for your committee and unit owners.
Frequently Asked Questions
Yes it is possible to reduce a strata insurance premium with your existing insurer. It will depend on how the strata manger has structured their fees payable to them by the insurer or broker they are aligned with.
Yes you are able to obtain strata insurance that is free of commissions. These are known as net terms to an insurer, however as an insurance broker must charge for their service, a single broker fee would usually be charged but this would reduce the strata insurance costs.
No you are not obligated to arrange insurance for your strata through a strata manager. Doing so may increase the fees you pay for the insurance so you are better of to go directly to an insurance broker who does not remunerate the strata manager.
The insurance broker will handle any insurance claim from start to finish and ensure that you get what you are entitled to.