What strata insurance requirements apply in each Australian state and territory?

Most Australian strata schemes must insure common property and relevant buildings and hold public liability cover, but the responsible entity and exact requirements vary by state or territory. Check the scheme's legislation, plan type, by-laws and policy wording, and seek professional advice for complex schemes.

When should you use a broker for strata insurance claims?

You should consider using a broker for strata insurance claims when the claim process becomes complex or if you're unfamiliar with insurance details. Brokers specialise in navigating the intricacies of strata insurance, which can cover various communal features like buildings, gardens, and pools. When multiple parties are involved, such as in a strata property, it can be beneficial to have an expert who understands the policy's scope and can effectively manage negotiations with insurance companies. A broker can help ensure that you are fairly represented and that you receive the rightful benefits from your policy. They can collate necessary documentation, provide professional advice on claims strategy, and help expedite the process, reducing time and stress for owners. Involving a broker is particularly useful for large claims or in situations where there might be disagreement among strata members.

What is the role of executive committees in strata insurance management?

Executive committees play a crucial role in managing strata insurance by overseeing the procurement and maintenance of the insurance policy. They are responsible for ensuring the complex is adequately covered, complying with legal requirements, and protecting the interests of all unit owners. The committee evaluates insurance needs based on risks specific to the property, such as fire, flood, or structural damage, and liaises with insurance brokers for the best coverage options. Additionally, they review and update the policy regularly to reflect any changes in the complex or legislation. By effectively managing these responsibilities, executive committees safeguard the financial well-being of the strata community and ensure that all common areas and shared amenities are covered. This proactive management helps prevent potential losses and disputes among owners, ensuring a safe and cooperative living environment within the strata complex.

How does the sum insured affect strata insurance premiums?

The sum insured can affect strata insurance premiums because it helps represent the insurer's potential exposure if the building or common property is damaged. A higher sum insured may increase the premium, but setting it too low can create underinsurance risk. Premiums also depend on factors such as location, claims history, building condition, occupancy, excesses and insurer criteria.

Insurance for Strata :: Free stuff

Insurance for Strata Promotional Offer

As part of our promotional strategy, visitors who make a genuine quote request this month here at Insurance for Strata will automatically qualify for the following.

	Free subscription to MONEY TIPS 12 Months free subscription (valued at $29) to this highly acclaimed Australian financial e-zine providing a whole stack of insider information, great offers & free gifts.

Insurance News

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

Why the New Resilience Debate Matters for Strata Insurance Renewals

19 Aug 2026: Paige Estritori

A renewed insurance industry push for greater investment in disaster resilience has direct relevance for strata communities, particularly schemes exposed to flood, cyclone, storm surge, bushfire or ageing infrastructure risk. While the debate is often framed around national mitigation funding and government planning, the practical message for owners corporations and body corporates is much closer to home: insurers are increasingly looking for evidence that a building is being actively managed before they decide how to price or restrict cover. - read more

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

Click for more Insurance News

Strata Insurance Articles

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

Strata Insurance Requirements by State and Territory in Australia

Strata insurance requirements in Australia vary by state and territory. This guide explains the core obligations for owners corporations, bodies corporate and strata companies, including building cover, common property, public liability and practical compliance checks. - 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

What Strata Insurance Usually Does Not Cover

Strata insurance can protect shared buildings and common property, but it does not cover every type of damage, cost or dispute. This guide explains common strata insurance exclusions, how maintenance issues can affect claims, and what owners and committees can do before a problem occurs. - read more

Knowledgebase

Occupational Hazard:
A risk associated with the nature of a particular occupation, which may affect insurance premiums.

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) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, 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.

Insurance for Strata Promotional Offer

Free subscription to MONEY TIPS