OCV Management has several prominent Insurance brokers
who provide all clients with the most cost effective insurance premiums
and adequate policies in order to cover the risk factor of any
Insurances that an Owners Corporation must take out in respect of common
Public Liability Insurance
To include cover for any bodily injury or death or illness of a person
and any damage or loss to property sustained as a result of an occurrence
on the common property. Our Insurers recommend public liability cover for
all buildings should be at least $20 Million
Full Reinstatement and Replacement Insurance
For accidental damage to Owners Corporation property, including the
fabric of the building and internal structures.
Current legislative requirements for an Owners Corporation portfolio
requires total involvement in relation to the preparation and subsequent
implementation of the Owners Corporation insurance policies.
In assessing the insurance policy, we look at the following categories:-
Office Bearers Liability
Common Area Contents.