Two-unit strata insurance

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  • 03/06/2014 at 1:20 pm #9529 Reply | Quote
    Bean16
    Flatchatter

      Just wondering about house insurance in a 2 lot strata scheme where each lot’s unit of entitlement is 10/20. I own Unit 2 which is 77m2 inside and the lot is 194m2 overall. Unit 1 is 119m2 inside and their lot is 156m2 overall. At the moment I am paying exactly half of the total house insurance per year. Should I be paying half as my unit of entitlement is 10/20 or should I be paying less than unit 1 because my portion of the house is smaller? Or should I be paying more because my total lot is greater than theirs? Thanks in advance!!

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    Reply To: Reply #21682 in Two-unit strata insurance
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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