33. Insurance by owner of a flat
Feedback & supportNothing in this Act shall limit or affect any right of the owner of a flat to effect insurance.
owner
“owner”, in relation to a flat, means the owner for the time being of that flat having a leasehold estate in the flat created by a lease registered under the Land Titles Act and having an unexpired term of not less than 21 years computed from the date of lodgment of the lease with the Registrar (whether such lease has been created before, on or after the commencement of this Act);
Insurance effected by the owner of a flat shall not affect, and shall not be taken into consideration in determining, the amount payable to a body corporate under a contract of insurance entered into between it and an insurer pursuant to this Act, notwithstanding anything in that contract of insurance.
flat
“flat” means a unit in any of the housing estates built on any of the parcels of land which are more particularly described in the First Schedule being a unit which is used as a separate dwelling or for commercial purposes;
A contract of insurance entered into as referred to in subsection (1) shall not be liable to be brought into contribution with any other contract of insurance except another contract of insurance which —
is in respect of damage to the same flat; and
relates to the same mortgage debt,as that referred to in the contract of insurance first-mentioned in this subsection.