Join Australia's most dynamic and respected property investment community

Insurance

Discussion in 'General Property Chat' started by Ryno, 5th Mar, 2016.

Tags:
  1. Ryno

    Ryno Active Member

    Joined:
    29th Sep, 2015
    Posts:
    44
    Location:
    Sydney
    Hey Guys

    Im looking at a detached house in a gated community run by a body corporate. just wondering if this still requires building insurance on top of landlord insurance?

    Thanks

    Ryan
     
  2. Cactus

    Cactus Well-Known Member

    Joined:
    18th Jan, 2016
    Posts:
    996
    Location:
    Melbourne
    Yes. The body Corp fees are likely only for the estate maintenance and the private road and gate sinking fund.
     
    Ryno likes this.