Insurance for Strata :: Articles

Insurance for Strata Articles

Insurance for Strata recommends the following articles which we hope you find of interest.

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Strata Insurance Articles

When to Involve a Broker: Navigating Insurance Claims in Strata Properties
When to Involve a Broker: Navigating Insurance Claims in Strata Properties
If you own a strata property, understanding your insurance is crucial. Strata insurance is a specific type of cover that protects shared and common property under a strata title or body corporate arrangement. This can include everything from the building itself to shared driveways, gardens, pools, or car parks. - read more
Understanding Strata Insurance: A Guide for Apartment Owners
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
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
The Role of Executive Committees in Managing Strata Insurance
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

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.

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Insurance News

NSW Strata Managers to Eliminate Insurance Commissions by 2026
NSW Strata Managers to Eliminate Insurance Commissions by 2026
04 Mar 2026: Paige Estritori
In a significant move towards greater transparency, the Strata Community Association New South Wales (SCA NSW) has announced that, starting January 1, 2026, its members will phase out the acceptance of insurance commissions in their management contracts. This shift aims to replace traditional commission-based remuneration with a clear fee-for-service model, aligning with evolving industry standards and consumer expectations. - read more
Victoria Offers Latent Defects Insurance as Alternative to Strata Building Bond
Victoria Offers Latent Defects Insurance as Alternative to Strata Building Bond
04 Mar 2026: Paige Estritori
The Victorian Government has passed legislation introducing a developer-paid Strata Building Bond, establishing essential consumer protections for purchasers of new apartments. In alignment with this legislation, the government is progressing new regulations to allow developers to insure new apartment projects with a 10-year Latent Defects Insurance (LDI) policy, Resilience LDI, as an alternative to the traditional Strata Building Bond. - read more
ICA Advocates for Strata Law Reforms in Victoria to Curb Rising Insurance Costs
ICA Advocates for Strata Law Reforms in Victoria to Curb Rising Insurance Costs
04 Mar 2026: Paige Estritori
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that inadequate governance and deferred maintenance are leading to increased insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the impact of these issues is widespread and pressing. - read more
Sure Insurance's Enhanced Strata Coverage: A Boon for Queensland
Sure Insurance's Enhanced Strata Coverage: A Boon for Queensland
24 Feb 2026: Paige Estritori
In a significant move to tackle affordability issues and improve access to insurance, Sure Insurance has increased its residential strata insurance cover to $20 million in replacement value for apartment complexes. This expansion aims to include higher-valued apartment complexes and boost competition in Northern and Regional Queensland. - read more
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