Strata Insurance Online :: Calculators

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Strata Insurance Online Strata Insurance Calculator

Estimate your strata insurance needs with our Strata Insurance Calculator. Calculate the right levels of cover to protect your building investment and secure your financial livelihood.

Strata Insurance – Sum Insured Calculator

Help your strata committee/body corporate tally a recommended sum insured by itemising building works, facilities, essential systems and common contents. The calculator also factors in professional fees, debris removal and an inflation/contingency buffer. It produces a neat JSON summary for quotes.

Scheme type

No. of lots (optional)

Property address (optional)

GST treatment Commercial/mixed schemes commonly work ex‑GST; confirm your status.

Main building structure

Primary structure(s), basements, carparks, roofs, facades, lifts shafts, stairwells, lobbies, internal services risers.

Common facilities

Lifts/elevators, pools, gyms, saunas, recreation rooms, BBQ areas, plant rooms.

Essential systems & services

Fire protection systems (sprinklers, hydrants, alarms), security/intercom/CCTV, electrical switchboards, pumps, solar arrays, backup generators, underground services.

External structures & siteworks

Fences/gates, driveways/paths, retaining walls, letterboxes, landscaping, pergolas, bin enclosures.

Common contents (optional)

Lobby furniture, gym equipment, cleaning gear, small tools. Handled separately from building works

Allowances

Professional fees (%) Architects, engineers, surveyors. Applied to building works (excludes contents).

Demolition & debris removal (%) Applied to building works (excludes contents).

Inflation / contingency buffer (%) Applied to the total after fees & debris (including contents).

Financier (optional)

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Strata Insurance Articles

Step-by-Step Guide to Filing a Strata Insurance Claim in Australia

Strata insurance is a specialized form of insurance designed to protect the shared areas of a property, typically seen in apartment complexes or townhouses. It covers communal assets like hallways, gardens, and recreational facilities. This type of insurance is crucial for both property owners and managers, as it safeguards against potential risks and liabilities associated with shared living spaces. - read more

Factors Influencing the Cost of Strata Insurance

Strata insurance is a specialized type of insurance designed to cover common properties and shared facilities in multi-unit developments, such as apartments and townhouses. This insurance provides protection for the building structure, common areas, and sometimes the individual units against various risks like fire, theft, and natural disasters. - read more

What Does Strata Insurance Cover? A Comprehensive Breakdown

Strata insurance is a specialized insurance policy designed to cover common property in apartment buildings, townhouses, and other strata-titled developments. This type of insurance is crucial for both property owners and strata schemes, as it provides peace of mind in the face of potential risks. - read more

Strata Insurance Explained: What’s Not Covered and Why It Matters

Strata insurance is a type of cover designed specifically for properties that are subdivided into individual lots or units, which is common in residential and mixed-use developments. It protects the overall structure and shared areas of the property and is usually managed by a strata management body. This insurance is crucial not just for safeguarding the building itself but also for ensuring that common property, such as gardens, hallways, and balconies, is covered against a range of risks. - read more

Is Strata Insurance Mandatory for Apartment Buildings? The Essential Guide for Owners

Strata insurance is a specialized type of insurance designed for properties that are divided into multiple units or lots, such as apartment buildings. It protects the entire building’s common property and the individual interests of the owners. This includes coverage for areas like hallways, gardens, and shared facilities. - read more

Insurance News

ASIC Extends Relief on Distribution Rules for Insurance Providers

16 Sep 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has announced an extension of the exemption allowing general insurance providers to forego appointing product distributors as authorised representatives. This decision comes with the introduction of a new legislative instrument, 2025/520, which renews the previous framework, originally established under instrument 2015/682. The relief will now continue until August 27, 2030. - read more

Cyber Insurance Becomes Essential Amid Rising Digital Threats

12 Sep 2025: Paige Estritori

The recent cyberattack on Fortnum Private Wealth, accompanied by ASIC's legal action, has spotlighted the critical risks cyber threats pose to financial advice companies in Australia. With digital integration intensifying across the finance sector, the owner of Fortnum, Entireti, plans to defend the case, underscoring the necessity for ongoing vigilance in cybersecurity measures. - read more

Swiss Re Foresees Rising Premiums Amid Increasing Global Risks

10 Sep 2025: Paige Estritori

In a comprehensive analysis, Swiss Re Institute predicts that global property and casualty insurance premiums will rise in tandem with GDP over the upcoming decade. This growth is driven by amplified natural catastrophe losses, asset accumulation, and heightened economic and litigation claims inflation. The institute's report outlines the evolving insurance landscape amid increasing global risks. - read more

Insurance Council of Australia Assists NSW Flood Claimants

09 Sep 2025: Paige Estritori

In response to the devastating floods that swept across New South Wales' Mid North Coast in May, the Insurance Council of Australia (ICA) is taking proactive steps to support the affected residents. Insurers, organised by the ICA, will be meeting with flood victims in Kempsey, Taree, and Port Macquarie to provide guidance and support as they navigate their insurance claims. - read more

Ombudsman Upholds Policyholder’s Claim Despite Fraud Allegations

08 Sep 2025: Paige Estritori

A motor insurance policyholder has won a significant dispute over fraud allegations, with the industry ombudsman ruling in favour of a payout following a controversial car accident claim. The case revolved around an incident where the claimant's wife crashed at an intersection one evening, reportedly failing to yield. The lack of photographic evidence due to shock and subsequent involvement of towing services complicated matters. - read more

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Knowledgebase

Endorsement:
An amendment or addition to an existing insurance policy that changes the terms or scope of the original policy.

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