Who pays for the insurance certificate?

Whoever requests the certificate, should pay for it. However, there can be no doubt, there is no free lunch here and the end user will be the person or entity who or which foots the final bill. Usually the banks attorney requests the certificate. The Insurer or the UMA (Underwriting Manager) or their agents (the insurance intermediary) will bill the bank’s attorney. Bear in mind, at this stage, usually the owner to be is unknown to the body corporate and not yet a member of the body corporate. The bank’s attorney accounts for all costs in respect of the bond part of which will be for the insurance certificate. This is almost always eventually paid by the new owner.