Insurance for retirement villages
As the operator, you must insure the retirement village to full replacement value, including any accommodation units that are not owned by residents and the communal facilities.
Insurance must cover damage, public liability, the cost of restoring buildings to previous condition and the cost of removing debris.
For more information regarding your insurance obligations, refer to s109 and 110 of the Retirement Villages Act 1999.
- Refer to the Retirement Villages Act 1999.