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Commissioners Corner - Water Damage Claims and Who Pays Explained
Article contributed by Chris Irons, Commissioner for Body Corporate and Community Management

Taking into account the number of calls we receive on the issue, water damage is a hot topic for lot owners and bodies corporate. In doing a bit of basic research for this article, I came to understand that in Australia, water damage insurance claims are a big part of the insurance market.


Here’s one report which suggests water damage insurance claims have risen by more than 70 per cent in the last five years. The same report suggests that the average water damage claim is now more than $30,000 – no small amount of money.

It has been suggested that water damage claims are now only second to wind and hail damage as the biggest source of claims, while the percentage of water damage claims have increased whereas others have stayed the same or even decreased.

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