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.