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.

Calculator results are estimates only and not quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.

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

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

Understanding the Key Differences Between Strata Insurance and Home Insurance

Strata insurance is a specialized type of insurance designed to cover multi-unit properties like apartment buildings and townhouses. It protects the common property and the shared interests of all owners within the strata scheme, offering coverage for facilities like pools, gardens, and shared structures. - read more

Can I get Strata Insurance for Mixed-use Properties?

Strata insurance is a type of insurance designed specifically for properties that are managed under a strata title scheme. This typically includes multi-unit developments like apartments and townhouses. It covers common areas, such as gardens, hallways, and swimming pools, and provides protection for the owners' corporation against various liabilities and risks. - read more

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

Insurance News

Netstrata's Insurance Practices Raise Industry Concerns

26 Oct 2025: Paige Estritori

Recent revelations have cast a spotlight on Netstrata, a prominent strata management firm in Australia, for imposing insurance brokerage fees significantly higher than industry norms. This development has ignited a broader discussion about the need for transparency and reform within the strata management sector. - read more

PICA Group Highlights Potential Risks to Strata Industry Viability

26 Oct 2025: Paige Estritori

Bobby Lehane, CEO of PICA Group, has issued a cautionary statement regarding the future of the strata management sector in Australia. He emphasized that eliminating insurance commissions could pose a significant threat to the industry's viability, drawing parallels to the challenges faced by the aged care sector. - read more

Queensland Strata Owners Advised to Leverage Initiatives for Premium Reduction

26 Oct 2025: Paige Estritori

Strata property owners in North and Central Queensland are being encouraged to take advantage of new federal and state initiatives designed to reduce insurance premiums and improve cyclone resilience. These programs offer financial incentives for property upgrades that can lead to significant savings on insurance costs. - read more

QBE Faces Legal Action Over Misleading Discount Practices

10 Oct 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against QBE Insurance, alleging that the insurer misled more than 500,000 customers regarding promised discounts on various insurance products between July 2017 and September 2022. This action underscores the regulator's commitment to ensuring transparency and fairness within the insurance sector. - read more

Debate Intensifies Over Proposed NSW Strata Commission Ban

10 Oct 2025: Paige Estritori

The New South Wales (NSW) government's proposal to ban commissions on strata insurance has ignited a contentious debate between consumer advocacy groups and industry leaders. This reform aims to eliminate potential conflicts of interest and enhance transparency within the strata management sector. - read more

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Knowledgebase

Liability Insurance:
A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.

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