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Thanks Dave, A strata building, a fire and only individual owner insurance. Ricardo wrote above: if the policy has been taken out and all disclosure/good faith/honest principles have been followed, and the insurer accepts the premium, then they must pay the claim. But if someone is hurt in a...

Thanks Ricardo and Dave If vendor sells with strata insurance that convenes legislation, what insurance would purchaser take out?

S30(3) of the Victorian Subdivision Act http://www.dms.dpc.vic.gov.au/ reads: In calculating any amount payable under an insurance policy taken out by the body corporate, any amount payable under an insurance policy taken out by a lot owner over that lot or the owner’s share in the common...

Hi, Patrick If you still have queries relating to Title or subdivision, perhaps talk to Land Victoria http://www.land.vic.gov.au/ (or Planning Section of relevant local council) If you later need some insight into Victorian body corporate management, try Victoria Law Foundation...