CHU Integrates Cyber Protection into Residential Strata Insurance

New Coverage Addresses Emerging Cyber Threats for Strata Communities

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.

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.

Steve Tchepak, CHU's Head of Underwriting, emphasised the growing relevance of cyber risks in the strata sector. He noted that cyber threats are no longer confined to large organisations but are increasingly affecting everyday transactions such as invoices, levy notices, and supplier communications within strata communities.

This proactive measure by CHU reflects a commitment to evolving alongside the changing risk landscape, ensuring that strata owners and managers are equipped to handle modern challenges. By integrating cyber protection into their policies, CHU aims to bolster the resilience of strata communities against digital threats.

Strata owners and managers are encouraged to review their current insurance policies and consider the benefits of this added cyber protection. As cyber threats continue to evolve, having comprehensive coverage is essential for safeguarding the financial and operational stability of strata communities.

Published:Sunday, 31st 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 Insurance Tax Reform Matters for Strata Premiums

16 Sep 2026: Paige Estritori

Fresh industry attention on insurance tax reform has direct consequences for strata communities, particularly those already dealing with higher property premiums, weather risk and more demanding underwriting questions. The renewed debate centres on the way government charges, duties and emergency services funding mechanisms can sit on top of the underlying insurance price, making cover more expensive without necessarily improving the risk profile of the building. - read more

Why NSW Strata Disclosure Rules Matter at Renewal Time

09 Sep 2026: Paige Estritori

Renewed attention on strata governance in New South Wales is a timely reminder that insurance disclosure is now a front-line renewal issue for owners corporations, not a back-office formality. Following recent reforms aimed at improving transparency around strata management, commissions and third-party benefits, committees are under greater pressure to understand not only what cover they are buying, but how the placement has been arranged and paid for. - read more

What the Latest Cyclone Pool Signals Mean for Strata Renewals

02 Sep 2026: Paige Estritori

The latest industry attention on Australia’s Cyclone Reinsurance Pool is a useful reminder that affordability reform is only one part of the strata insurance equation. The pool was designed to reduce the cost pressure created by cyclone risk, particularly across northern Australia, where residential strata schemes can face difficult renewal conditions because of wind, rain, storm surge and ageing building infrastructure. - read more

Why Builder Insolvencies Are Becoming a Strata Insurance Issue

26 Aug 2026: Paige Estritori

Fresh reporting on Australia's construction sector has highlighted a problem that strata communities cannot afford to treat as background noise: builder and trade contractor failures remain a live risk for apartment buildings, particularly where major repairs, defect rectification or insurance reinstatement works are required. - read more

Click for more Insurance News

Strata Insurance Articles

Strata Insurance, Contents Insurance and Landlord Insurance: What Each Policy Covers

Strata insurance, contents insurance, landlord insurance and standard building insurance protect different things. This guide explains the main differences for Australian apartment owners, unit investors and strata property buyers. - 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

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

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

Knowledgebase

Professional indemnity:
An insurance that provides cover for liability incurred in the course of exercising a profession.

Quick Links: | Strata Insurance Australia | Strata Insurance Policy Strata Insurance Coverage Strata Insurance Cost Strata Insurance Requirements Strata Insurance Providers Strata Insurance Quotes Strata Insurance Comparison Strata Insurance Benefits Strata Insurance Claims Strata Insurance Legislation

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Unique Group Broker Services.

IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.