What is Strata Insurance?
Strata Insurance is designed to cover strata titled properties, such as apartments and townhouses, against events such as a storm, fire and malicious damage. It not only covers the physical structure of the properties, but can also cover theft of common area contents, as well as liability cover for incidents which occur in common areas.
If you’re sharing common space with others, you don’t want to be left to foot the bill if there’s damage to shared parts of the building or items.
Residential Strata - owners of an apartment, unit or townhouse.
Commercial Strata - owners of an industrial, commercial or retail units.
It is compulsory for body corporates to hold strata insurance which conforms to each state’s relevant legislation in Australia.
If you have any queries or require more information please don't hesitate to contact us.