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Insurance News

CHU Introduces Built-in Liability Coverage and Instant Pricing in Strata Insurance
CHU Introduces Built-in Liability Coverage and Instant Pricing in Strata Insurance
15 May 2026: Paige Estritori
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. - read more
CHU Increases Strata Insurance Capacity to Support Larger Developments
CHU Increases Strata Insurance Capacity to Support Larger Developments
15 May 2026: Paige Estritori
In a significant move to accommodate the evolving landscape of strata developments, CHU Underwriting Agencies has more than doubled its maximum single risk capacity. The agency now offers coverage up to $690 million, a substantial increase from the previous limit of $300 million. This enhancement applies to both residential and commercial strata properties, reflecting the trend towards larger and more complex strata developments across Australia. - read more
CHU Introduces Cyber Protection in Strata Insurance Policies
CHU Introduces Cyber Protection in Strata Insurance Policies
07 May 2026: Paige Estritori
In a significant move to bolster the resilience of strata communities against cyber threats, CHU Underwriting Agencies has integrated 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. - read more
CHU Unveils Indicative Pricing Tool to Streamline Broker Services
CHU Unveils Indicative Pricing Tool to Streamline Broker Services
07 May 2026: Paige Estritori
CHU Underwriting Agencies has introduced an indicative pricing feature designed to provide brokers with immediate, non-binding premium estimates. This innovation aims to improve pricing visibility and reduce delays in the quoting process, enabling brokers to deliver better outcomes for their clients. - read more
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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
Navigating State-Based Insurance Requirements for Strata Property Owners
Navigating State-Based Insurance Requirements for Strata Property Owners
Strata insurance is a crucial aspect for property owners across Australia. Owning a property within a strata scheme means you're not just responsible for your unit but also share responsibility for common areas, which requires adequate protection against potential risks. - 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
Insurance broker:
An agent acting on behalf of the insured (not the insurance company) who negotiates the terms and cover provided by the insurer in the insurance policy.
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