Insurance obligations of an OC in multi-level buildings

  • Author : Tiphanie Acreman - 04-04-2013

An OC is required to insure buildings for reinstatement and replacement, and take out public liability insurance for all lots in multi storey developments. This includes fixtures and improvements that form part of a lot owner’s building as discussed in MRO Nominees Pty Ltd v Network Pacific Real Estate Pty Ltd [2013] VCAT 1492.

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Tiphanie Acreman

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