Cover options for apartment blocks, unit complexes and townhouses. Talk to a specialist strata broker.
Tell us a little about your building and we’ll be in touch to discuss your insurance requirements.
We’ll Get You Covered
Typical cover under a Strata policy includes:
Is designed to help protect the building structure, plus lobbies, lifts, pools and car parks, subject to policy terms.
Is designed to help protect the body corporate if someone is injured in shared spaces, subject to policy terms.
Can help cover lost rent or temporary accommodation costs if the property becomes uninhabitable after an insured event, subject to policy terms.
Can help protect items in common areas such as gym equipment, shared furniture, or office fittings, subject to policy terms.
Optional extras can include machinery breakdown, office bearer’s liability, and fidelity guarantee, subject to policy terms.
A resident or visitor is injured in a common area such as a stairwell, lobby, or car park
A storm or flood damages the building’s roof, shared walls, or common property
A lift breakdown or fire safety system fault disrupts the building and needs urgent repair
A burst pipe in a shared wall causes water damage across multiple units
The body corporate faces a dispute or claim relating to a decision made by office bearers
A fire starting in one unit spreads and damages common property or neighbouring units
Important: The information provided on this page is general in nature and does not take into account your individual circumstances. Insurance cover, terms, conditions and exclusions vary between insurers and policies. Your insurance requirements will depend on your business activities, contracts, assets and individual circumstances. Please refer to the relevant policy wording and documentation for full details of cover. The risks listed above are general examples only, for illustrative purposes, and do not confirm that your individual policy will respond to any particular claim.
Strata insurance is designed to bring together cover for the building structure, common property and shared liability risks in one policy, tailored to the size and type of your complex, subject to policy terms.
In most states, the body corporate or owners corporation is responsible for arranging and maintaining strata insurance on behalf of all owners, with the cost shared through body corporate fees, subject to your scheme’s rules and relevant state legislation.
Standard strata insurance is generally designed to cover the building and common property rather than the contents inside individual units. Owners and tenants can look at separate contents insurance for their own belongings, subject to policy terms.
Public liability cover under a strata policy can help protect the body corporate if a resident, visitor or contractor is injured in a common area such as a lobby, stairwell or car park, subject to policy terms.
Office bearer’s liability cover can be included as an optional extra, which is designed to help protect committee members if a decision they made in good faith is later disputed, subject to policy terms.
Tell us a bit about your building and one of our brokers will be in touch.
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