As “Generation Rent” becomes more of a reality, more and more Body Corporates come into play.

As one of the Underwriting Agencies specialising in Body Corporates in New Zealand, we have a second-to-none policy that provides many extra benefits for our clients including temporary accommodation, loss of rents for rented units, landscaping and more.

Multi dwellings, entire blocks, commercial properties - they can all be titled as “Body Corporate”. When it comes to insurance the main two rules are:

 
  • entire property must be insured under one policy in the name of the Body Corporate – this means that individual owners cannot insure their unit themselves, and

  • the property must be insured for the full replacement value at all times and this will usually mean that insurance valuations are obtained each year to make sure this rule is followed.

 

We aim to build prosperous, long-term relationships with our clients, so if you have any questions or require further information please contact of our brokers at info@insuranceunderwriters.co.nz