Multi-Unit / Body Corps
Body Corporates or Multi Unit properties require special consideration. Establishing the correct cover for the building and correctly navigating the Unit Titles Act of 2010 can be tricky but with our help, we can make sure you and the other owners are properly covered.
Multi-Unit / Body Corps
Body Corporates or Multi-Unit properties are a common form of multiple ownership. Typically, different people will own different units within the building as a whole, sharing certain responsibilities such as insurance. Body Corporates can be structures such as apartment buildings, multiple units, office buildings or shopping malls.
Organising the insurance cover is one of the most important duties of a body corporate. Finding the right cover is a huge responsibility and can be incredibly difficult. At Lifetime, we have a huge amount of experience dealing with the complicated issues surrounding body corporates and can help you and your fellow tenants find the perfect cover for your building.
Body Corporates are required to be valued yearly to make certain they are insured up to their full amount. This is essential because if a claim for total loss is required, all parties need to be reimbursed at the full amount of their unit’s value. Undervalued units can cause huge legal headaches as it will mean that not everyone will receive the funds they are entitled to. We can help you find a qualified, experienced valuer so you can feel safe knowing that your Body Corporate is properly insured.
If you own a unit within a body corporate, it is generally recommended that you have your own insurance in addition to the body corporate’s policy. We can assess your main policy and provide advice on what additional areas you should be covered for such as your liability for any damage your cause.
Let us guide you through the tricky world of Body Corporate insurance. With our experience you can feel safe, knowing that your investment is protected from the unforeseen.
Health benefits can play a critical role in retaining existing staff and attracting new talent to your organisation. Lifetime financial adviser Carmen Lapthorne warns business owners and HR managers against making these common mistakes.
From relying on only Pharmac-subsidised drugs to thinking you’re fully covered by your work health insurance, Lifetime adviser Lisa Davis warns of the common mistakes we make when selecting health insurance and how best to avoid them.
Moving from the default ACC Cover Plus to ACC Cover Plus Extra might sound like an expensive exercise, but when topped up with appropriate personal cover, it can cost you less per year for more comprehensive cover that pays out in circumstances of illness as well as injury.