---
title: "Victorian owners corporation insurance minimums"
url: "https://ailawframework.com/precedents/strata-and-community-titles/vic-insurance-minimums"
type: "precedent"
site: "AI Law Framework"
id: "a47-vic-insurance-minimums"
area_id: "A47"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A47-X20260927-5"]
law_stated_as_at: "2026-10-22"
---

# Victorian owners corporation insurance minimums

> Checklist of the minimum reinstatement and public liability insurance Consumer Affairs Victoria states for an owners corporation, including the two-lot and multi-storey cases.

Canonical page: https://ailawframework.com/precedents/strata-and-community-titles/vic-insurance-minimums  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Strata & Community Titles](https://ailawframework.com/precedents/strata-and-community-titles.md)
- Jurisdictions: Victoria
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the authority it cites, for Victoria.

## When to use it

Use when checking a Victorian owners corporation's insurance before renewal or before the annual general meeting. It does not choose the insurer or the sum insured.

## Used for these tasks

- [Prepare the scheme's insurance and valuation compliance report](https://ailawframework.com/practice/strata-and-community-titles/prepare-the-scheme-s-insurance-and-valuation-compliance-report.md)

## How AI may be used

AI may enter the policy limits and expiry from the schedule and compare the public liability limit with $20 million. It must not decide that the sum insured is adequate.

**AI may:**

- Enter the insurer, period, reinstatement sum and public liability limit from the policy schedule
- Flag a public liability limit below $20 million where the page requires that cover
- List the expiry date and whether a valuation report is in the file

**AI must not:**

- Must not decide that the sum insured exceeds the value of the buildings
- Must not decide that a scheme is a two-lot subdivision or a multi-storey development
- Must not recommend an insurer or a sum insured

**The lawyer checks:**

- The plan is checked for common property, two lots, and lots above or below other lots
- A prescribed owners corporation's valuation is not more than five years old and is on the next general meeting agenda
- The manager's insurance commission, if any, is disclosed in the papers

## Authorities

- [Consumer Affairs Victoria, Insurance - owners corporations (read 22 October 2026)](https://www.consumer.vic.gov.au/housing/owners-corporations/finance-insurance-and-record-keeping/insurance)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/strata-and-community-titles/vic-insurance-minimums and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*