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Building Insurance and What it covers
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Rubes
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08/10/2018 - 10:31 pm
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I am in NSW, and I am trying to find out whether the building insurance that strata is responsible for covering the internal fixtures such as (Kitchen and Bathroom) if it is damaged by a fire for example. 

My understanding has always been the building insurance covers common areas only and not  internal to the unit. I asked the strata to provide the PDS and they have done it

The insurance is by Chubb Body corporate Elite package, I am going through the PDS and it is still ambiguous.

I have rented my apartment recently and found out that the contents insurance for landlords mostly  only covers (Carpets, Light fittings, blinds etc), and most of them have an exclusion clause for fixtures and fittings (kitchen and bathroom).

Therefore I am concluding there is some sort of gap, between the strata building insurance and the contents insurance. Appreciate if you can guide me as to where I go from here.

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BONNIE L
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09/10/2018 - 4:54 pm
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Hi, Others may know more, perhaps this is one answer?   In our experience, we pay household insurance privately as we’re the live-in owner of the unit.  The building itself has insurance for all the other bits i.e. that are common to everyone. That’s if we’ haven’t missed something as recent strata people.  I would ensure I got defined terms from any firm quoting; it’s your place. How would it be if you decided to live in, after all.

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JimmyT
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09/10/2018 - 9:48 pm
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Rubes said
I have rented my apartment recently and found out that the contents insurance for landlords mostly  only covers (Carpets, Light fittings, blinds etc), and most of them have an exclusion clause for fixtures and fittings (kitchen and bathroom).

Therefore I am concluding there is some sort of gap, between the strata building insurance and the contents insurance. Appreciate if you can guide me as to where I go from here.  

If you stroll over to the this topic and roll down to post 7, you’ll find an answer.

As for your specific policy, call them up and ask them – you won’t be the first.

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