For apartment owner occupiers I believe there is a gap between contents insurance and strata insurance for accidental damage. Recently, the toilet cistern cracked while being services by a plumber - probably due to poor installation years ago. My contents insurer advised that it wouldn’t be covered and I should ask my strata insurance. In several discussions with my contents insurer and my strata manager I learned:
- Most Strata Insurers only cover the common areas - not any fixtures within an apartment ( such as toilets, basins, cabinetry, taps,)
- Most Contents insurers exclude these fixtures within the apartment for owner occupiers ( they may insure some fixtures for renters)
- Most insurers don’t offer a modified Home and Contents insurance for apartment owner occupiers that would cover these fixtures but not common property (i.e. Common Walls, external windows, Front Door etc)
It seems difficult or impossible for apartment owner occupiers to get contents insurance for all the fixtures and loose property within their home. Does anyone have any advice?