Common property vs individual lot insurance

Strata Insurance vs Individual Lot Insurance

Hi,

I’ve purchased a villa unit in Victoria. There are three lots and a common property driveway. The lot boundaries are exterior face.

The owners corporation has public liability insurance for the common property. They don’t have building insurance for the villa units. I understand lot owners can take out their own building insurance.

My lender requires building insurance on my villa unit.

Can I get individual home building insurance?

Or, does the building insurance need to be provided by the owners corporation through their strata insurance policy?

I would prefer to take out my own building insurance.

Thanks