› Flat Chat Strata Forum › Living in strata › Insurance Excess › Current Page
@Whale said:
A point of clarification on some earlier posts though, fixtures such as built-in wardrobes, kitchen, laundry and other cupboards are the responsibility of Lot Owners, BUT if they’re fixed to a common wall, floor, or ceiling AND they’re damaged due to a defined event, then subject only to a denial of responsibility (for some exceptional reason) by the Owners Corporation’s Insurer, they’re covered by that (building) Insurance.
I’m afraid I believe you are wrong here as it doesn’t matter whether the fixtures are fitted to a common walls or lot wall they are still covered by the Strata insurance.
The NSW Act dosn’t make it as clear as the QLD one does
(2) The body corporate must insure, for full replacement value, each building in which is located a lot included in the scheme, to the extent that the building is scheme land.
(3) A policy of insurance taken out under this section—
(b) must provide for the reinstatement of property to its condition when new.
This is from the QLD act but I believe it is universal throughout Oz.