You think that you have NO insurance at all on a property that you own?I don't even think I have insurance...
You think that you have NO insurance at all on a property that you own?
He'd have the buildings insurance through the management company fee. So he should only be missing contents insurance.
I didn't bother with that myself until earlier this year. Not recommending others follow this practice though.
Not necessarily. I live in a privately managed development, pay an annual management and there is no block insurance and people are responsible for insuring their own properties themselves. Granted it is a townhouse rather than apartment development. In addition I would not necessarily assume that all was fine and dandy with the management company block insurance without double checking.He'd have the buildings insurance through the management company fee.
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