Question: Where buildings are on separate titles, is an owner obliged to provide the body corporate with a copy of the policy, or other notification? We have 7 units on our plan with no shared roofs/walls. One lot owner is refusing to advise whether his unit is insured or not.
Answer: There is no requirement for owners to provide evidence of insurance for property they are responsible for insuring. The insurance arrangements are entirely a matter for the owner (including whether they insure the property or not).
This post appears in Strata News #578.
Tyrone Shandiman
Strata Insurance Solutions
E: tshandiman@iaa.net.au
P: 1300 554 165
This information is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Shandit Pty Ltd T/as Strata Insurance Solutions strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances. Shandit Pty Ltd T/As Strata Insurance Solutions is a Corporate Authorised Representative (No. 404246) of Insurance Advisenent Australia AFSL No 240549, ABN 15 003 886 687.
I am looking to buy a strata title unit in Tas. Just two separate dwellings on block and no shared walls only a shared driveway. Real Estate says no Body Corp fees.
Both units have separate garden spaces but no dividing fences.
Do we each pay our own building insurance etc and tend to common ground ourselves as if we owned it. I assume it’s on one title.
Where can I get help?
Hi Val
This information from the Tasmanian Government should assist:
Strata Living in Tasmania
Hello we own a home which shares the entrance to our driveway no other common ground the dwellings are two houses far apart on the block do we need strata insurance ? both parties have agreed if the entrance needs maintenance we will share the cost
we live in Tassie
Hi alison
We refer you to Tyrone’s response in the Q&A article above to this question:
Question: For our duplex with no common grounds, do we need strata insurance or can each owner take out building insurance?
Have just found your interesting site.
Where buildings are on separate titles, is an owner obliged to copy to the body corporate
a copy of the policy, or other notification.
7 units on plan, no shared roofs/walls one owner from NSW will not advise with documentation that his unit is insured..
Act 1988 not much help.
Appreciate opinion.
How can I keep in touch?
John
Hi John
We have responded to your comment in the article above.