Flat Chat Strata Forum Rental rants Current Page

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      I have purchased an investment property and wondering should I take out Contents Insurance even though the property is rented?  It is a duplex so already pay Strata Levies.  

       

      The reason these thoughts came to my mind and questioning taking out Contents Insurance by Owner of Investment Property was that in the past few weeks, coincidently, 2 sets of friends of mine have had burst water pipes within their OWN properties – flooding everywhere – so that got me thinking about what if that happened in a Rental Property – with ‘contents’ belonging to the Renters?? 

       

      Would Strata Insurance cover such an incident? However, I have been led to believe that Strata Insurance is only for ‘outside’ damage and Contents Insurance basically means ‘turning your property upside down and whatever falls out is covered’!!!!

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    Flat Chat Strata Forum Rental rants Current Page