Flat Chat Strata Forum Common Property Current Page

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  • #63273
    peterepete
    Flatchatter

    Hi All,

    I’m thinking of purchasing a detached dwelling in a Two Lot strata scheme.

    As I currently understand it, there is only a requirement for Strata Insurance coverage for Common Property,

    that is Public Liability, Volunteer Workers and Workers Compensation. Is that correct ?

    Peter

    • This topic was modified 4 days, 7 hours ago by .
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  • #63308
    Jimmy-T
    Keymaster

    Owners in two-lot strata schemes can agree to not have strata insurance if their homes are separate and there is no common property that needs cover (such as driveways and parking areas, for instance).

    Problems can arise when one owner wants shared insurance and the other owner has an insurance package that may, for instance, also include home and contents and even car insurance.

    It can differ greatly from scheme to scheme and it’s well worth checking out beforehand.

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Flat Chat Strata Forum Common Property Current Page