Insurance for Strata Strata Insurance Calculator

Estimate your strata insurance needs with our Strata Insurance Calculator. Calculate the right levels of cover to protect your building investment and secure your financial livelihood.

Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers or lenders after you submit an enquiry.

Strata Insurance – Sum Insured Calculator

Help your strata committee/body corporate tally a recommended sum insured by itemising building works, facilities, essential systems and common contents. The calculator also factors in professional fees, debris removal and an inflation/contingency buffer. It produces a neat JSON summary for quotes.

Scheme type

No. of lots (optional)

Property address (optional)

GST treatment Commercial/mixed schemes commonly work ex‑GST; confirm your status.

Main building structure

Primary structure(s), basements, carparks, roofs, facades, lifts shafts, stairwells, lobbies, internal services risers.

Common facilities

Lifts/elevators, pools, gyms, saunas, recreation rooms, BBQ areas, plant rooms.

Essential systems & services

Fire protection systems (sprinklers, hydrants, alarms), security/intercom/CCTV, electrical switchboards, pumps, solar arrays, backup generators, underground services.

External structures & siteworks

Fences/gates, driveways/paths, retaining walls, letterboxes, landscaping, pergolas, bin enclosures.

Common contents (optional)

Lobby furniture, gym equipment, cleaning gear, small tools. Handled separately from building works

Allowances

Professional fees (%) Architects, engineers, surveyors. Applied to building works (excludes contents).

Demolition & debris removal (%) Applied to building works (excludes contents).

Inflation / contingency buffer (%) Applied to the total after fees & debris (including contents).

Financier (optional)

Calculator outputs are estimates only and do not constitute quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.

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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

Decoding Strata Insurance: Key Terms and Perspectives

Strata insurance is a vital component of property ownership in Australia, particularly for those involved in apartment living or owning units within a shared building. It provides financial protection against various risks, ensuring that common areas, building structures, and shared amenities are covered in the event of damage or loss. This type of insurance is not just a safeguard for individual owners but a legal necessity, mandated by Australian law. - 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

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

Knowledgebase

Claim Adjuster:
An insurance professional who investigates and evaluates insurance claims to determine the amount the insurance company should pay.

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