- This topic has 4 replies, 3 voices, and was last updated 3 years, 2 months ago by .
-
Topic
-
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!!
- You must be logged in to reply to this topic.