Long-Term Maintenance Plan (LTMP)

While the LTMP is a maintenance — not insurance — document, insurers increasingly review it during underwriting as a proxy for how well the body corporate is governed. A well-maintained LTMP, with funds reserved against it, tends to attract more competitive insurance terms because it signals lower latent claim risk.

Common gaps that insurers flag: outdated valuations, no provision for cladding/weathertightness remediation, and underfunded reserves relative to plan items.