Body Corporate/sectional title insurance applies to all community schemes, including sectional title schemes, share block companies, homeowners and property owners associations, retirement villages and housing cooperatives.
This insurance provides peace of mind cover for buildings, common property, boundary walls, gate motors, entrances, security and irrigation systems for each owners section.
Perils covered:
- Fire
- Weather damage
- Earthquake
- Impact
- Theft.
Furthermore, cover includes but not restricted to:
- Liability insurance
- Fidelity Cover
- Trustees Indemnity Cover
- Employees Indemnity cover
- Geyser cover
- Loss of rent