Strata insurance, sometimes called Body Corporate insurance or Owners Corporation insurance, is available to protect common and shared properties under strata title management or body corporate entity. Owners of strata titles typically will share the premium costs of this insurance as part of their strata fees and liabilities.
There are two types of strata insurance available depending on the type of property you have: residential, and commercial.
Depending on your State or Territory legislation strata insurance is not only advisable but compulsory. Strata insurance generally covers common or shared property as defined on the title of the property. This might include common areas, lifts, pools, car parks, gardens, wiring, balconies, walls, windows ceilings and floors. Strata insurance should also provide liability in the event that people are injured on common property.
Every strata building is different and faces different risks which need to be taken into account when considering insurance cover. Strata insurance policies vary and care needs to be taken to ensure the insurance policy matches the needs of the property. That is where the advice of an insurance broker is invaluable.
Please contact us to find out more.
- A tailored policy to suit your requirements
- Professional advice on which covers you should consider
- Flexible payment options including monthly payments
- Dedicated account manager
- Specialised claims service
If you would like a quotation for Strata Management Insurance or would like advice as to whether you need this policy, please contact Roderick Insurance Brokers.
- Geelong(03) 5226 5999 or firstname.lastname@example.org
- Werribee(03) 9974 9000 or email@example.com
- Request Quote