@Whale said:
The only “lot property” that Strata Insurance covers are those parts of a Lot that are considered to form part of the Common Property, and the cover for “lot owners’ fixtures” relates only to items that have been fixed in some permanent way to a part of the Common Property within a Lot by the Owner.
I’m sorry Whale but I disagree
From the NSW Act
82 Damage policy
(1) In this Part, a damage policy for a building means a contract of insurance providing for the matters referred to in this section in the event of the building being destroyed or damaged by fire, lightning, explosion or any other occurrence specified in the policy.
(2) A damage policy is to provide for the rebuilding of the building or its replacement by a similar building in the event of its destruction so that every part of the rebuilt building or the replacement building is in a condition no worse or no less extensive than that part or its condition when that part was new.
Division 2 Insurance of buildings
83 Owners corporation to insure building
(1) The owners corporation for a strata scheme for the whole of a building must insure the building and keep the building insured under a damage policy with an approved insurer in accordance with this section.
It is irreverent whether the items are attached to common or lot property they are all covered by the insurance.
Fitted kitchens, bathrooms, wardrobes, internal doors & walls, electrical wiring, pipes are all lot property and all are covered by the Strata insurance policy.
The Strata insurance covers everything a normal household policy would cover plus all the shared facilities.