Are your properties protected by your insurance? Don’t be too complacent says this informative online article from Your Investment Property Magazine. It’s called Building Defects: What Does It Mean For Property Investors?
In it, Nina Cuturic shares some fascinating details. Here’s one that’s thought-provoking:
Many policies actually do not cover the cost of damage that is a result of defective construction. This means there is virtually no safety net for those owners-investors who have properties in such buildings as Opal and Mascot Towers, who have ultimately lost a tenant and an income.
For more expert opinions and advice on the matter, give the rest of the article a read at the link below…