InPlace Body Corporate
Specialist body corporate insurance across New Zealand.
Insurance for buildings with many owners. You’re In the right Place
Insuring a building with many owners takes more than a standard policy. We help committees and body corporate managers get the right cover in place, explain it in plain language, and stand beside you when something goes wrong.
Who we work with.
We work with body corporate committees, chairs, secretaries and managers, as well as developers setting up new schemes. From small townhouse complexes to apartment buildings and mixed-use developments, we have been looking after body corporates for the past seven years.
Cover for the whole building.
Every building is different. We put together cover that protects the building, the common property and the people responsible for it.
Building and material damage
The buildings and common property, insured for full replacement and reinstatement.
Public liability
Protection if someone is injured or property is damaged on common property.
Statutory liability
Protection against certain fines and defence costs under NZ legislation.
Machinery breakdown
Lifts, gates, pumps and other shared building systems.
Natural hazards
Cover alongside the Natural Hazards Commission (formerly EQC) for earthquake, landslip, flood and storm damage.
Committee liability
Cover for committee members making decisions on behalf of owners.
Fidelity guarantee
Protects body corporate funds against fraud or dishonesty.
Loss of rent and accommodation
Support for owners if the building cannot be lived in after an insured event.
Why work with us:
We compare options across the market through the Steadfast NZ network and keep your committee informed at every renewal.
Body corporate insurance
Does a body corporate have to insure its buildings?
Yes. Under the Unit Titles Act 2010, a body corporate must insure all buildings on the unit title development for full replacement and reinstatement.
How often should we get an insurance valuation?
Building costs change, so regular valuations help avoid underinsurance. Many committees review theirs every two to three years, or after major works. We can help you decide what is right for your building.
What is the difference between body corporate cover and an owner's own policy?
The body corporate insures the buildings and common property. Owners usually need their own cover for contents, interior improvements not covered by the body corporate policy, and their personal liability.
Can you review our current policy?
Yes. We will check your existing cover, highlight any gaps, and give your committee clear options with no obligation.
Renewals
Why has our premium changed?
Premiums are affected by rebuild costs, your sum insured, natural hazard risk in your area, your claims history and conditions in the insurance market. Your renewal terms explain the main changes, and we are happy to talk them through with your committee.
What if our committee needs more time to decide?
Get in touch with us before the due date shown on your renewal. We will explain your options so there is no gap in your cover.
How do owners get a certificate of currency?
Once your renewal is confirmed, we provide a certificate of currency. Owners can request a copy through your body corporate manager or by contacting us directly.
What do we need to tell you before renewal?
Let us know about any changes to the building or its use, completed or planned works, a new valuation, and any incidents during the year. These can all affect your cover, so it is important we have the full picture.