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Apartment Insurance Confusion

Discussion in 'Legal Issues' started by Plutus, 13th Aug, 2015.

  1. Plutus

    Plutus Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    267
    Location:
    The North
    Hi All,

    New to this and trying to wrap my head around insurance for an apartment. I'm trying to get contents insurance (so fitting & fixtures type stuff) plus if its available, the typical landlord insurance stuff for lost rent etc.

    I can't seem to find an insurer who will do it, am I asking for the wrong type of thing / is this just not available on apartments?
     
  2. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,130
    Location:
    NSW
    I think you can only insure removable items in content insurance?

    Get separate landlord insurance.
     
  3. Plutus

    Plutus Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    267
    Location:
    The North
    I "think" I answered my own question by trawling back through old somersoft threads & found the sort of product I need: http://www.rentcover.com.au/products/rentcover-ultra.php (I have no affiliation with this business & I'm not a customer of there's just what I found on somersoft)

    Got confused by what is covered by the body corporate's insurance vs my own..
     
  4. Chilliblue

    Chilliblue Well-Known Member

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    18th Jun, 2015
    Posts:
    1,579
    Location:
    Australia
    The body corporate covers all the common areas and your strata plan should detail these items.

    Basically everything paint inwards is yours but as per above, I have seen where light fittings, cupboards and shower screens are body corporate's responsibility.

    EBM are great (I use them for my strata property) but other others use companies like Terri Sheer.