Insurance for Strata :: News
SHARE

Share this news item!

CHU Introduces Built-in Liability Coverage and Instant Pricing in Strata Insurance

Enhancing Strata Insurance: CHU's New Policy Features

CHU Introduces Built-in Liability Coverage and Instant Pricing in Strata Insurance?w=400

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.

CHU Underwriting Agencies, Australia's leading strata insurance provider, has recently implemented significant enhancements to its residential strata insurance policies.
These updates include the integration of built-in liability coverage and the introduction of an indicative pricing feature, aiming to address the evolving needs of strata communities and streamline the insurance process.

The addition of built-in liability coverage is a proactive measure to offer more comprehensive protection to strata communities. This enhancement ensures that policyholders are safeguarded against potential liabilities inherent in strata living, reflecting CHU's commitment to adapting its offerings to meet contemporary challenges.

In tandem with this, CHU has launched an indicative pricing feature designed to provide brokers with immediate, non-binding premium estimates. This tool enhances pricing transparency and reduces delays in the quoting process, enabling brokers to deliver more efficient and informed services to their clients.

Kimberley Jonsson, CEO of CHU, emphasized the importance of these developments, stating that the organization is dedicated to delivering practical innovations that respond directly to the needs of strata communities. By refining policy structures and improving pricing visibility, CHU aims to simplify claims processes, strengthen protection for committee members, and equip brokers with faster access to pricing information.

These enhancements are particularly significant given the increasing complexity of strata living and the growing expectations of apartment owners. By addressing common pain points such as understanding complex insurance policies and managing rising premiums, CHU's initiatives align with the broader industry trend towards greater transparency and customer-centric solutions.

For strata owners and managers, these developments offer a more streamlined and comprehensive insurance experience. The built-in liability coverage provides added peace of mind, while the indicative pricing feature facilitates more efficient decision-making and policy management.

In conclusion, CHU's recent policy enhancements represent a substantial step forward in strata insurance, reflecting a commitment to innovation and customer service. As the strata landscape continues to evolve, such initiatives are crucial in ensuring that insurance solutions remain relevant, accessible, and responsive to the needs of Australian strata communities.

Published:Friday, 15th May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Why Apartment Defect Scrutiny Matters for Strata Insurance
Why Apartment Defect Scrutiny Matters for Strata Insurance
12 Aug 2026: Paige Estritori
Renewed attention on apartment building defects is a timely reminder that strata insurance is not assessed in isolation from the physical condition of a scheme. For owners corporations and body corporates, the issue is not only whether cover is in place, but whether the building can be clearly presented to insurers as a well-managed and understood risk. - read more
What APRA’s Latest Insurance Data Means for Strata Renewals
What APRA’s Latest Insurance Data Means for Strata Renewals
04 Aug 2026: Paige Estritori
APRA’s latest general insurance performance data has added a useful layer to the conversation about strata insurance affordability. The figures point to a sector that is financially stronger than it was during the most volatile phase of recent weather, claims inflation and reinsurance pressure. However, for owners corporations and body corporates, this should not be read as a signal that premiums will automatically ease at the next renewal. - read more
What Rising Insurance Complaint Pressure Means for Strata Communities
What Rising Insurance Complaint Pressure Means for Strata Communities
28 Jul 2026: Paige Estritori
Fresh complaint data from the Australian Financial Complaints Authority has delivered a timely reminder that the pressure in general insurance is not only about the price of cover. For strata communities, the bigger issue is often what happens after a major loss: how quickly responsibility is accepted, how well repair scopes are documented and whether residents understand the limits of the policy before a dispute emerges. - read more
New CHU Green Grants Signal a Shift for Strata Risk
New CHU Green Grants Signal a Shift for Strata Risk
21 Jul 2026: Paige Estritori
CHU Underwriting Agencies has launched its inaugural Green Grant Program, distributing $50,000 across seven strata communities on 16 July 2026. The initiative is modest in scale, with grants capped at $10,000 per successful application, but it points to a larger change in the way strata insurance risk is being discussed. Instead of focusing only on premium increases after extreme weather or building losses, insurers are increasingly looking at practical ways to reduce risk before claims occur. - read more


Strata Insurance Articles

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
Decoding Strata Insurance: Key Terms and Perspectives
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
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
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
Knowledgebase
Moral Hazard:
The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.