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Common Ground / Area Insurance
CGIB has extensive experience providing tailored common ground insurance packages.
Public liability insurance for common area
For residential and commercial lots that have been subdivided but share a common area such as a common driveway (and are exempt from strata insurance), common ground public liability insurance is required. This protects the owners from financial loss in the event of personal injury or property damage which occur on the common ground.
Price & Security
Offering competitive premiums and quality service, our common property insurance policies are available Australia wide and provide you with the security of Australia’s largest Insurers. We also offer a choice of flexible payment options.
General Advice
Please read our General Advice Information Page when considering purchasing our common property insurance.
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FAQs
What is common property insurance?
It’s a type of cover that protects shared areas on a property. It applies to spaces that are owned jointly by more than one owner and protects from financial loss when damage or injury occurs on that shared land.
Do I need common property insurance if I do not have a strata plan?
You likely do. Many subdivided properties fall outside strata rules but they still share areas that carry risk. Insurance helps protect owners from unwanted claims and unexpected costs.
What does common property insurance usually cover?
It covers legal liability for injury or property damage on shared land. It often includes protection for shared structures and often supports owners if a claim is made against them.
What is common property driveway insurance?
It is a liability policy that protects owners when a shared driveway causes injury or damage. It applies when the driveway is jointly owned and not covered under a strata policy.
Who is responsible for insuring a common driveway?
The responsibility lies with all the owners who share that driveway. They must arrange a joint policy that protects every owner from liability.
Why is insurance for a common driveway important?
Shared access points carry high foot and vehicle traffic. Incidents can lead to costly claims. Insurance keeps every owner protected from financial exposure.
Does home insurance cover a shared driveway?
Most home policies do not. They focus on the individual lot. A shared driveway usually sits outside those boundaries and needs a separate policy.
How much does common property driveway insurance cost?
Pricing depends on the size of the shared area. It also depends on usage, location, and risk exposure. Quotes help determine an accurate premium.
Is a common driveway policy required by law?
It is not always mandatory. It is strongly recommended because owners can be held liable if an incident occurs on shared land.
Can CGIB arrange common property insurance?
Yes. CGIB offers tailored cover for shared property areas. The team helps owners secure the right protection and understand their risks.