thread: body corp and rates?

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  1. #1
    Registered User

    Sep 2007
    Brisbane
    5,729

    Yep that's right. They usually have public liability insurance as well. HTH!

  2. #2
    Registered User

    Oct 2004
    Sydney
    2,614

    Yeah our BC insures the actual building, the common property, and has public liability of I think $30 mil. We just get contents insurance for all our stuff.
    We've had to have a couple of repairs done and our BC has covered it for us - this was for stuff like upstairs pipes bursting and causing damage to our ceiling.
    For $500 a quarter with stuff like pools, I think thats very reasonable. We pay about that too, and we have no pools!