› Forums › Talkin’ ’bout a renovation › Owners Corporation Insurance to cover renovation › Current Page
14/06/2012 at 8:40 am
#15697
Changes to Common Property usually are allowed on the basis that you take over responsibility for the bits you have changed. That means they have to be covered by your insurance, unless they have reverted to Owners Corp ownership under the terms of the special resolution that allows you to change the CP. That’s the key – whoever owns the CP after the work is done should logically have to insure it (or pay the bills if it fails and is uninsured).
