Building Insurance and What it covers

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  • 08/10/2018 at 10:31 pm #11945 Reply | Quote
    Rubes

      I am in NSW, and I am trying to find out whether the building insurance that strata is responsible for covering the internal fixtures such as (Kitchen and Bathroom) if it is damaged by a fire for example. 

      My understanding has always been the building insurance covers common areas only and not  internal to the unit. I asked the strata to provide the PDS and they have done it

      The insurance is by Chubb Body corporate Elite package, I am going through the PDS and it is still ambiguous.

      I have rented my apartment recently and found out that the contents insurance for landlords mostly  only covers (Carpets, Light fittings, blinds etc), and most of them have an exclusion clause for fixtures and fittings (kitchen and bathroom).

      Therefore I am concluding there is some sort of gap, between the strata building insurance and the contents insurance. Appreciate if you can guide me as to where I go from here.

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    Reply To: Reply #30556 in Building Insurance and What it covers
    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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