Residential Strata Insurance

Strata insurance is insurance that the owners corporation (also known as the body corporate) is obliged to take out to cover the building, common property and common area contents of a strata scheme.

It is mandatory for strata title properties to hold residential strata insurance across Australia.

While each state and territory has different legislative requirements, it’s designed to cover common areas as defined on the property’s title including common property such as lawns, driveways, lifts and pools from events such as theft, storm, water, fire and malicious or accidental damage.

Strata insurance must also provide liability cover in the event of personal injury in connection with the insured property.

Strata insurance typically covers common area contents, the building and shared property in the event of loss or damage. Generally, events like theft of common area contents, repairs to damaged property managed by the owner’s corporation and the cost of recovery if disaster strikes are also included in strata insurance.

Talk to us today.









Important Information
Cape to Cape Financial Services (WA) Pty Ltd T/As Cape to Cape Insurance Services ACN 144 568 865 is an authorised representative of Resilium Insurance Broking Pty Ltd, ABN 92 169 975 973 AFS Licence No. 460382
This information does not take into account the objectives, financial situation or needs of any person. Before making a decision, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs.

We subscribe to and are bound by the Insurance Brokers Code of Practice, a full copy of which is available from the National Insurance Brokers Association (NIBA) website.

Privacy Policy | Privacy Policy - Resilium Insurance Broking Pty Ltd | Financial Services Guide