Our IP owners corporation insurance is up for renewal soon. We own one in a block of 3 townhouses where the other two townhouses are owned by the same people (who we purchased from last year).
A couple of questions:
1. Who should the insured be on the policy? Would this be the Owners Corp No. XXX rather than the owner's name?
2. Is cover for Common Area Contents necessary if the only common area is the driveway?
Thanks in advance.
A couple of questions:
1. Who should the insured be on the policy? Would this be the Owners Corp No. XXX rather than the owner's name?
2. Is cover for Common Area Contents necessary if the only common area is the driveway?
Thanks in advance.