Hi,
We own and rent one part of a Duplex. The body corporate insurance is now up for renewal.
This is the first year I am looking into the insurance I am not sure what is the ‘norm’ for the different covers.
For example do we need Office bearers liability if we don’t haven onsite manager?
Public Liability is currently at 20,000,000 – is that OK?
Thanks
j
Hi Johk,we have had a few duplexes over the years ,public liability and fire is all we went halves with the neighbour ,and with no body corp or manager to dictate their rules ,we just met once a year to discuss any issues . We also have had a few units with body corp over the years , we have sold them now because it was always about doing a renovation and resell ,we did prefer the non body corp because we could do what we wanted with gardens , fences ,pathways etc outside , hope this helps in someway .
Oh and ps $20,000,000 is plenty , office bearers never had to do it .
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