Insurance: owners rights

Right of unit & lot holders to satisfy themselves of insurance covers

Owners have a right to a copy of the insurance certificate and policy for their group.

Click on Legislation above, to view strata title legislation and hints.

Click on Legislation above, to view community title legislation and hints.

Supply all owners with a copy of the insurance certificate following renewal. Ask the group's insurance company for a certificate if they fail to send one following a renewal.
Detail the insurance cover in the insurance section of the annual general meeting minutes.

Right of Unit Holder to Insure

Owners have a right to effect additional insurance.

Click on Legislation above, to view strata title legislation and hints.

Click on Legislation above, to view community title legislation and hints.

The Corporation ensures that the group is insured for replacement value and obtains a valuation at least every 5 years. This will see owners and their banks comfortable to accept a certificate of insurance from the Corporation.

Supply all owners with a copy of the valuation shortly after it is received,