Strata & Body Corporate Insurance
Protection For Residential and Commercial Strata Buildings, Shared Property And Common Areas.
Strata schemes are subject to insurance requirements under applicable state and territory legislation. Owners corporations, strata committees and strata managers must consider building valuations, maintenance costs and increasing insurance premiums, all while protecting shared property and community funds.
As specialist strata insurance brokers acting on behalf of the owners corporation and working with its strata committee throughout the insurance process. Strata insurance can help owners corporations manage specified risks relating to the building, common property, liability and other exposures, having regard to applicable insurance requirements.
Strata buildings involve shared responsibility and shared exposure. A burst pipe, fire, storm event or liability claim can create significant financial pressure for owners. Without the right insurance, the Owners Corporation may face unexpected levies, legal disputes or costly repairs.
Strata & Body Corporate Insurance ensures your building, its common areas and its committee remain protected, compliant and financially secure.
We Will Make Sure You Have The Right Cover In Place
Building & Common Property Damage
Fire, storm, water damage, accidental damage, impact, vandalism and other insured events affecting the building structure and shared property.
Common Area Liability
Protection if someone is injured or their property is damaged in common areas such as hallways, stairwells, driveways, foyers or shared facilities.
Office Bearers’ Liability
Cover for committee members and office bearers if they are accused of mismanagement, errors or breaches of duty while acting on behalf of the Owners Corporation.
Fidelity / Crime
Protection against theft or fraud committed by committee members, employees or third parties.
Catastrophe Cover
Additional protection for rebuilding costs following declared catastrophes such as bushfires, floods or cyclones.
Voluntary Workers Cover
Benefits for individuals performing unpaid work for the Owners Corporation who are injured while assisting.
Machinery Breakdown
Cover for lifts, pumps, motors, boilers and other essential building machinery.
Lot Owner Fixtures & Improvements
Protection for upgraded kitchens, bathrooms, flooring and other improvements depending on the insurer’s wording.
Don't Just Accept Your Next Premium Increase
Send us your current policy schedule for a fast, hassle-free value check, or let’s have a quick chat to discuss your options. No obligations, just honest feedback.
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Insurance Risk Brokers Pty Ltd T/as IRB - Insurance Risk Brokers ABN 98 701 524 174 is an Authorised Representative (No. 1323134) of SMS Insurance Pty Ltd T/as repX ABN 32 361 928 456 AFSL No. 425573.
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This information may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.