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Is your rental property income sufficiently protected?

Blog-Post-Honan-Whitbread-29

Owners of rental strata properties need to ensure they take out insurance to cover landlord’s fixtures and fittings, rent default and public liability for inside their lots / units.

Strata Insurance provides cover for a range of circumstances specifically related to living in a strata community, including:

  • Public Liability – covers legal liability of Owners Corporations Contents – covers common contents such as appliances, equipment, furniture, fittings and works of art in any common area for which the Owners Corporation is responsible.
  • Fidelity Guarantee (optional extension) – protection for the Owners Corporation against fraudulent embezzlement or fraudulent misappropriation of the Owners Corporation’s funds and tangible assets.
  • Office Bearers (optional extension) – protects members of the Owners Corporation committee where liability has arisen from an alleged or wrongful act, omission or breach of duty.


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