The Role of Executive Committees in Managing Strata Insurance
Strata insurance is a type of cover specifically designed for properties where multiple individuals own individual units within a larger complex. It plays a vital role in protecting these complexes financially by covering buildings and common property from potential risks. For property owners, understanding strata insurance is essential to ensure both compliance with legal requirements and adequate protection of their investment. - read more
Strata Insurance Requirements by State and Territory in Australia
Strata insurance requirements in Australia vary by state and territory. This guide explains the core obligations for owners corporations, bodies corporate and strata companies, including building cover, common property, public liability and practical compliance checks. - read more
What Strata Insurance Usually Does Not Cover
Strata insurance can protect shared buildings and common property, but it does not cover every type of damage, cost or dispute. This guide explains common strata insurance exclusions, how maintenance issues can affect claims, and what owners and committees can do before a problem occurs. - read more
How Sums Insured and Replacement Cost Valuations Affect Strata Insurance
The sum insured and replacement cost valuation are two of the most important figures in a strata insurance policy. They influence premiums, help determine whether cover is adequate, and can affect how a strata scheme responds after a major loss. - read more