The AHO has reviewed its approach to property insurance options to help address increasing premium costs. Starting March 1, 2024, AHO will take over the cost of flood cover for its properties. By taking on responsibility for the more expensive flood cover component, the AHO allows ACHPs to invest in the success of their property portfolio. 

Aboriginal Community Housing Providers (ACHPs) should be aware of the changes because they affect the AHO properties you manage. These updates mean ACHPs need to:

1. Take out building insurance coverage (with optional flood cover) for damages up to $250,000 (excluding GST) per property owned by the AHO. 

2. Note the AHO as an interested party on your insurance policies. 

3. Continue to advise the AHO of any claims or damages to properties.

4. Read the "Property investment update for ACHPs" document for more detail.