Hi Folks!
Looking at investing in a dual income property, either in the Ipswich area or Sunshine Coast (IP#5). Having just paid body corporate insurance for a duplex pair in Far North Queensland (thats another issue!) I wanted to double check the insurance requirements on a dual income home.
The property would be on one title, 2 leases, one common wall and will not be strata titled at completion. I have called a couple of insurance companies and because it will not be strata'd it does not qualify for Body Corp AND because it has a common wall, it can not be insured under home building insurance!
Does anyone actually own a dual income property and what type of insurance do you have? Appreciate any feedback
Looking at investing in a dual income property, either in the Ipswich area or Sunshine Coast (IP#5). Having just paid body corporate insurance for a duplex pair in Far North Queensland (thats another issue!) I wanted to double check the insurance requirements on a dual income home.
The property would be on one title, 2 leases, one common wall and will not be strata titled at completion. I have called a couple of insurance companies and because it will not be strata'd it does not qualify for Body Corp AND because it has a common wall, it can not be insured under home building insurance!
Does anyone actually own a dual income property and what type of insurance do you have? Appreciate any feedback