CHU More Than Doubles Strata Insurance Capacity to $690 Million

Enhanced Coverage Supports Growing Scale of Strata Developments

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CHU Underwriting Agencies has significantly increased its single risk capacity to $690 million, more than doubling the previous limit of $300 million.

This expansion applies to both residential and commercial strata insurance, enabling CHU to support larger and more complex strata developments across Australia.

Kimberley Jonsson, CEO of CHU, highlighted the trend towards larger strata developments and the importance of providing adequate insurance solutions to meet this demand. The increased capacity allows CHU to offer standalone coverage for higher-value risks and participate more substantially in co-insurance arrangements when necessary.

This development offers greater flexibility and choice for strata owners and managers, ensuring that even the most substantial properties can secure comprehensive insurance coverage. It also reinforces CHU's position as a leading provider in the strata insurance sector, capable of adapting to the evolving needs of the market.

Strata communities planning large-scale developments or seeking to reassess their current insurance coverage should consider the implications of this increased capacity. Engaging with insurers who can accommodate higher-value risks is crucial for ensuring adequate protection and peace of mind.

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.

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Deductible:
The amount you must pay out-of-pocket for expenses before your insurance company covers the remaining costs.

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