If you're a resident in an owners corporation complex and your fish tank has leaked and caused mould in your carpets, you may be wondering whether your owners corporation insurance covers the damage. Unfortunately, the answer may not be straightforward.
Owners corporation insurance typically covers damage to the common property of the building, such as the structure, walls, and roof, as well as any shared facilities like pools, gardens, and common areas. This insurance is usually arranged by the owners corporation manager on behalf of all owners in the building and is paid for through levies.
However, when it comes to damage caused by individual owners or residents, the situation can be more complicated. In general, owners corporation insurance does not cover damage to an owner's individual personal property and in most cases carpets are not included in these policies. This means that if your fish tank has leaked and caused damage to your carpets or other personal property, it may not be covered by owners corporation insurance.
Check insurance for coverage
That being said, some owners corporation insurance policies may offer optional coverage for accidental damage to floating floorboards and carpets. If you're not sure what your policy covers, it's important to check with your owners corporation manager.
If your owners corporation insurance does not cover the damage caused by your fish tank leak, you may need to look to your own home and contents insurance for coverage. This insurance is usually arranged by individual owners and covers damage to personal property and the interior of your lot.
However, it's worth noting that home and contents insurance may also have exclusions for certain types of damage, such as mould or water damage. It's important to check your policy carefully to see what is and isn't covered.
In some cases, it may be possible to make a claim against the manufacturer or installer of your fish tank if the leak was caused by a defect in the tank or its installation. This can be a more complex and time-consuming process, but it's worth exploring if you believe that the leak was caused by a fault that was not your own.
In summary, if your fish tank has leaked and caused mould in your carpets, it's important to check your owners corporation insurance policy to see what is covered. If the damage is not covered, you may need to look to your own home and contents insurance or explore other avenues for compensation. As always, prevention is the best approach, so make sure to take steps to maintain your fish tank and prevent future leaks.