What is it?
Strata insurance protects the building and shared common areas or facilities for owners of townhouses, units, or apartments, with the premiums paid for by the owners’ corporation.
Who Should Consider Strata Insurance?
Currently, Residential Strata Insurance is compulsory in every state of Australia. If you are part of an Owners Corporation, the Owner’s Corporation will need Strata Insurance. Our Insurance Brokers can arrange this cover on behalf of the Owners’ Corporation.
What Can it Cover?
- Building and common contents
- Public Liability
- Personal Accident or voluntary workers
- Office Bearer’s liability
- Fidelity Guarantee
- Mechanical and Electrical Breakdown
Getting in Touch
The above information is aimed to outline some common considerations when it comes to strata insurance. For full details and to obtain a quote, please contact our Insurance Broking team below. We can also provide you with the relevant PDS (product disclosure statement).