Body Corporate Domestic Insurance Cover
Body corporate is required to provide a minimum level of cover to protect the buildings and liabilities of the owners and occupiers, as well as property and liability cover. It is possible to include covers for voluntary workers, protection of office bearers and for theft of common funds.
What our policies can protect
The policy covers the building, including architect fees and the removal of debris. The value is determined by a property valuation, which needs to be revisited every 5 years to ensure it is up to date and in line with the replacement cost of the property. Legal liability is also covered with a minimum of $10 million.
Additional policy add ons
There is a range of optional extras that can be included to increase the effectiveness of the policy. These include:
- Common area contents - covers areas such as the foyer and contents including paintings and furniture.
- Voluntary workers - protects unpaid workers performing set duties within the building.
- Machinery breakdown - cover in the event of a lift malfunction
- Natural disaster - in case of earthquake, flood, or cyclone.
Protect your body corporate by calling us today
Contact Midas Insurance today on 1300 664 272 to have a member of our expert team assist you in choosing the right domestic body corporate insurance policy that meets your needs. We will be happy to discuss your requirements and answer your questions and queries.