Whether you’re an owner-occupier or investor, getting the owners corporation insurance right is vital to the sound management of the building. An owners corporation is required to take out insurance for public liability and the common property. Additionally, owners corporations are usually required to insure all of the buildings in the development. We recommend obtaining a valuation from a qualified valuer on a periodic basis. This makes certain that the buildings are adequately insured, which reduces the risk of financial loss.
It’s important to note that the owners corporation insurance policy doesn’t cover the contents of owner’s or tenant’s lots. Members need to make sure they have the right amount of contents and public liability cover in place.
AOCM can:
- Assist in obtaining detailed insurance quotes
- Complete and present claim forms on behalf of any individual owner or the owners corporation.
This means:
- A quick turnaround in works being completed
- No hassles for the claimant.
For Owners Corporation Managers who understand both quality of life and capital growth, call us on 03 9863 9100, send us an email or request a quote.