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Body corporate insurance where there is no common property
You've had this property 13 years ....and you're asking this now? ;) You need to ask your insurer what they want. Ask a couple of them.- Propertunity
- Post #12
- Forum: Property Management
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Body corporate insurance where there is no common property
No, not in my opinion. You cannot stop anyone from attempting to sue you....you just have to defend yourself if that ever happens. Perhaps it would be best to have a conversation with him where you ask him where he gets the idea, that you should be paying half of his insurance costs. Maybe...- Propertunity
- Post #10
- Forum: Property Management
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Body corporate insurance where there is no common property
It is quite common where there are only 2 units (or duplexs) to not have a Body Corporate formed and for each unit holder to take care of their own insurance and maintenance etc. Your neighbour, if he wants to obtain strata insurance, would need to do so to cover both units, not just his...- Propertunity
- Post #6
- Forum: Property Management