In a nutshell...
The king understands that proactive and ongoing building maintenance proves less costly and inconvenient in the long-run. So, we’ll prepare a unique and comprehensive 10-year maintenance, repair and replacement plan (MRRP) for your community scheme that’ll estimate the financial reserves you need to cover future capital expenditure.
We’ve got it all together
When you’re covered by the king, it’s easy to co-ordinate the financial and logistical requirements and resources that are needed to keep your community scheme well maintained, and all our MRRPs comply fully with all the current legislation, too.
From preventing the premature breakdown of mechanical systems like lifts and air-con units, to prolonging the life of virtually every other system in your community scheme, to predicting when repairs or replacements may be due… We’ll put together a 10-year MRRP to help you budget, plan, and keep every 1 up-to-speed.
While preparing and implementing an MRRP is legally non-negotiable, the up-side of having 1 is that a proper plan protects you and your residents from any nasty surprises. And, while there are guidelines for formulating these plans, accurately forecasting your scheme’s needs and then taking inflation and other cost factors into account over the long-term, can still be tricky.
This is where our qualified, experienced and compliant consultants step in… And, once they’ve done their inspections and assessments, and made their calculations, the Urbanise platform generates a 10-year MRRP that’s unique to your community’s needs and assets, optimised for your community’s income and risks, legally-compliant, and importantly, easy to understand.
Our rates for developing MRRPs are very competitive, and we only charge a small annual fee to keep them up-to-date. That’s the good news. The great news is that communities that have royal MRRPs get discounts on their royal community insurance.
We won't let wear-and-tear wear you down
While our community insurance covers you for loss and damage that are directly caused by the insured perils, the effects of normal wear-and-tear are excluded. (As is the case with most other building insurance products, too.) Claims can be rejected if the damage is caused due to poor maintenance… And we certainly don't want that to happen!
Our MRRPs look at things like:
We formulate each MRRP in the same way:
Here’s how we’ve got your back: