Strata Insurance
Strata Insurance provides protection for shared residential or commercial buildings under a strata title. It covers common property such as lifts, roofing, walls, driveways, and shared equipment. This policy is compulsory for all strata schemes in Australia and ensures the building and liability exposures are covered.
Quick Benefits:
-
Mandatory cover for strata-titled properties
-
Covers building, common areas, and public liability
-
Suits residential, mixed-use, and commercial complexes
-
Optional cover for machinery breakdown and office bearers' liability
What’s Covered:
-
Damage to shared building structures
-
Public liability for injury on common property
-
Storm, fire, vandalism, and accidental damage
-
Legal costs related to strata disputes (if selected)
What’s Not Covered:
-
Contents inside individual units
-
Wear and tear or poor maintenance
-
Renovations not disclosed to the body corporate
-
Illegal building work
Have a question about your building’s cover? Talk to us at 1300 337 276
Frequently Asked Questions
Q: Do I need this as a unit owner?
A: Your building is covered by the body corporate’s strata insurance. You may still need contents or landlord cover.
Q: Is strata insurance compulsory?
A: Yes. It’s legally required for all strata title properties.
Q: Does it include flood cover?
A: Flood may be included or optional depending on the insurer and location.