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Unit Titles – Are You Properly Insured?
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Unit Titles – Are You Properly Insured?
By
John Wright
, published on: 5/07/2013
When a unit title is presented to the market for sale, any interested purchaser is likely to enquire about insurance. The level of insurance held by a Body Corporate is prescribed in the Unit Titles Act 2010 ("the Act").
At first glance, a confirmation that the Body Corporate is insured may seem all that is required. On closer analysis however it is possible some risks are simply not covered.
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