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The body corporate does not have an obligation to insure the structures on standard format plan lots with no common walls. The owners of these lots should ensure them individually. This is equivalent to the position for non-community titled property. However, the body corporate (while it does not have an obligation to insure these free standing lots) may choose to implement a voluntary scheme, which allows owners of these lots to “opt-in” and insure their structures under a policy with the body corporate. This could result in a cost saving.

 

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