Residential Strata - Owners of a townhouse, unit, or apartment.
Commercial Strata - Owners an industrial, commercial or retail units.
For commercial or residential, 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.
Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owner's corporation.
Strata insurance is compulsory in every state - so for commercial or residential, the owner's corporation will need strata insurance.
A Consolidated Insurance Broker can arrange strata insurance on behalf of the owners' corporation.
As a strata owner, you also have a share of an unlimited liability for anything that goes wrong, which is why strata insurance is compulsory in every state and territory.
Strata Community Association
Strata Insurance can cover the building of all common or shared property, and contents which belong to the owner's corporation. The type of cover and its cost will depend on the kind of building, where it's located and the amount of common property you share.
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. Policies generally won't include cover for:
Our interactive quote request form will guide you through the steps to get a quote on insurance for your unique property.
It only takes 2 minutes to complete.