Re: Damage to Unit because of common property defect – Insurance Excess
I have no problems with an OC being responsible for damage to Lot Owner’s property when that damage (or loss) is caused by a failure to maintain the common property. …
Re: Damage to Unit because of common property defect – Insurance Excess
To answer Hasbean's last question, it's “normal” for ECs to refuse to pay for CP-caused damage, but it's neither right nor legal. And to jump in and answer for Chris,…
Re: Damage to Unit because of common property defect – Insurance Excess
Chris What would the situation be if Hasbean was not insured? Would the OC have been liable to pay for his carpet? Or for that matter anything at all damaged…
Re: Damage to Unit because of common property defect – Insurance Excess
Hi Hasbean The water pipe will be common property so long as it is not for the exclusive use of one lot. I assume it is common property otherwise the…
Damage to Unit because of common property defect – Insurance Excess
My unit was flooded because the water supply to the unit above leaked. The water supply is common property. Strata's insurance paid for the damage to the fixtures, mainly the…
Re: Insurance discounts for smoke-free apartment blocks?
I am not aware of any reduction in insurance for non smoking . These by-laws are relatively new and still rare . They are much more common in North America.…
Insurance discounts for smoke-free apartment blocks?
Does anyone know of any Australian insurance companies that offer discounts to owners of strata properties that have implemented a smoke-free policy applying to their property/properties? I've done a Google…
Re: Is insurance worth it
With landlord’s insurance you are paying for peace of mind and maybe you already have that with your current tenant – although the unexpected can always happen through no fault…
Is insurance worth it
Each year I Insure the unit with an Landlords Insurance policy covering contents damage, personal liability and loss of rent as an example. The value of the carpet and blinds…
Re: Insurance claim or sinking fund cost
Whilst the ceiling between the floors of the Lot is Common Property and subject to repair by the O/C, there are a few complications with regard to the repairs to…
Re: Insurance claim or sinking fund cost
Sounds like it to me. If the OC didn’t get a defects claim through in time then they (i.e. you and all your neighbours) have to accept responsibility for everything…
Re: Insurance claim or sinking fund cost
Thanks for the reply – according to the plumber, the leak is due to poor construction – so I assume the answer is still the owners corporation?