Insurance News from Insurance for Strata

Insurance for Strata is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

NSW Implements Transparency Reforms to Streamline Strata Insurance Claims

07 Jun 2026: Paige Estritori

New South Wales has introduced transparency reforms in the strata sector aimed at improving governance and reducing disputes in insurance claims. These reforms address issues such as high premiums and opaque fees, fostering a more transparent and efficient strata management environment. - read more

CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes

31 May 2026: Paige Estritori

CHU Underwriting Agencies has released its 2025 State of the Strata Market report, indicating a modest 2.8% increase in strata insurance premiums over the past year. This rise, from $954 to $981 per lot annually, aligns with a 3.4% growth in household incomes, suggesting that strata insurance remains affordable for apartment owners. - read more

CHU More Than Doubles Strata Insurance Capacity to $690 Million

31 May 2026: Paige Estritori

CHU Underwriting Agencies has significantly increased its single risk capacity to $690 million, more than doubling the previous limit of $300 million. This expansion applies to both residential and commercial strata insurance, enabling CHU to support larger and more complex strata developments across Australia. - read more

CHU Integrates Cyber Protection into Residential Strata Insurance

31 May 2026: Paige Estritori

In response to the escalating cyber threats targeting strata communities, CHU Underwriting Agencies has incorporated cyber protection into its standard residential strata insurance policies. This enhancement provides coverage of up to $50,000 for losses resulting from social engineering fraud, a form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more

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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Strata Insurance Articles

Understanding Strata Insurance: A Guide for Apartment Owners

Strata insurance is a specific type of insurance policy designed to cover common property and areas shared by owners within a strata-titled development, such as an apartment complex. This unique insurance is crucial for apartment owners as it ensures financial protection against unexpected events affecting the building structure and common facilities. It typically covers parts of the property like the building’s exterior, lobbies, and gardens. - read more

Strata Insurance FAQs: Your Most Pressing Questions Answered

In Australia, strata insurance is a crucial part of property ownership, offering peace of mind and financial protection. It's essential for property owners to understand what strata insurance entails and why it's so important. - read more

Key Factors That Affect Your Strata Insurance Premiums

Strata insurance is a specialized form of coverage tailored for property owners living in multi-unit complexes. Understanding its intricacies can be crucial for ensuring that all aspects of shared ownership and communal property responsibilities are adequately protected. - read more

Navigating State-Based Insurance Requirements for Strata Property Owners

Strata insurance is a crucial aspect for property owners across Australia. Owning a property within a strata scheme means you're not just responsible for your unit but also share responsibility for common areas, which requires adequate protection against potential risks. - read more

Knowledgebase

Term Life Insurance:
A form of life insurance that is a pure protection policy with no cash or maturity value which lasts for a specific length of time, called a term.

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