Stay up-to-date with the latest news, information and updates from Honan Insurance Group, including innovation in the insurance space, business highlights, community & partner profiles and company announcements.
Strata Update: Policy periods will not extend beyond 12 months
We often have requests to extend policy periods to align with AGMs or to provide a 12-month policy for the new phases of staged developments. In recent days we have received clarification from the major Strata Insurers about their position on extending policies beyond their normal 12-month period. All but one of the major Strata Insurers has confirmed they can no longer extend a policy beyond 12 months.