Is Your Investment Covered for Building Defect?


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…

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