Whether you need home insurance for a flat depends entirely on its legal title structure. If your flat is held under a Unit Title or strata scheme, the building structure is collectively insured by the Body Corporate via mandatory annual levies, meaning you only need to purchase standalone contents insurance for your personal belongings. However, if your flat is structured under a Cross-Lease or independent cross-lease arrangement, individual owners are typically responsible for insuring their own specific dwelling structures separately.
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