Management

QBCA tie up could provide premium savings

Queensland Body Corporate Association and United Insurance Group Queensland have announced the signing of a three-year partnership agreement, that will deliver significant savings and servicing solutions to QBCA members.

With the dramatic increases in insurance premiums and reduction in the number of companies providing insurance terms for the Queensland body corporate sector, QBCA realised the need for a dedicated broker representative who can ensure its members are getting the best insurance terms possible. UIGQ is one of Queensland’s prominent insurance broker representatives for bodies corporate and strata title properties with a proven record in a wide range of insurance products. UIGQ has connections through a nationwide network to all the major insurers and the backing of Steadfast, Australia’s largest insurance broker dealership network.

Through the QBCA website, members will be able to access a simple on-line application form whereby United Insurance Group can provide insurance terms for members’ insurance renewals or terms for a totally new complex.

Errol Anderson CEO for QBCA said, “We have been working to build a premium rebate agreement with an organisation that understands the specific needs of the Queensland body corporate market today and is willing to return savings and value back to owners through their body corporate.

“We believe UIGQ is exactly the right partner to help reduce insurance premiums for bodies corporate, offer expert advice and deliver fast service in the event of a claim.

Jason Matthey, managing director of UIGQ said, “This partnership is a great fit for both organisations. Over the past years we have developed an excellent understanding of the Queensland body corporate market. Through our involvement with handling client’s claims after Cyclone Yasi, claims during Queensland’s ferocious weather patterns of late and the resultant dramatic changes in the insurance market, we have worked closely with both insurers and body corporate committees alike to achieve a mutually beneficial outcome.”


Estimated schedule of savings

Annual premium savings to body corporate*

$10,000$700
$20,000$1,400
$50,000$3,500
$75,000$5,250
$100,000$7,000
$140,000$9,800

 

*Current maximum estimated insurance premium rebate for body corporate

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