Common Area Liability
A body corporate (whether active or not) should take out and maintain Public Liability insurance cover of no less than $10 million, as advised under the regulations for the common property areas.
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Common Area Liability – Domestic Only

 

A body corporate begins to exist when a plan of subdivision is registered within units, flats or townhouses that have shared common property.

Owners of single or multiple lots that have a plan of subdivision which includes common property such as:

  • driveways
  • gardens
  • storage areas
  • pools
  • stairways
  • elevators

automatically become a member of the body corporate.

A body corporate (whether active or not) should take out and maintain
Public Liability insurance cover of no less than $10 million, as advised under the regulations for the common property areas.

 

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– The annual cost for $10,000,000 public liability is $420.00*

– The annual cost for $20,000,000 public liability is $520.00*

 

If you require phone operator assistance, the policy cost will increase by $60*

Please note that an excess of $500 applies.
*Plus 1.26% credit card fee
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