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Sure Insurance Boosts Strata Coverage to $20 Million

Enhancing Affordability and Access for Northern and Regional Queensland

Sure Insurance Boosts Strata Coverage to $20 Million?w=400

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In a significant move to address the longstanding issue of insurance affordability in Northern and Regional Queensland, Sure Insurance has announced an increase in its residential strata insurance coverage from $5 million to $20 million.
This strategic enhancement aims to provide body corporates and lot owners with more competitive premium options and improved access to essential insurance services.

Bradley Heath, Managing Director of Sure Insurance, highlighted the challenges faced by property owners in these regions, noting that the departure of some insurance providers from the residential strata market had intensified the affordability crisis. This exodus led to a reduction in competition and a subsequent rise in premium prices, leaving many body corporates struggling to secure adequate insurance coverage.

By elevating the coverage limit to $20 million, Sure Insurance seeks to reinvigorate competition within the market and offer more accessible insurance solutions. Heath emphasised the company's commitment to recognising and rewarding well-managed body corporates that have taken steps to enhance the resilience of their complexes. Such proactive measures are expected to result in reduced strata premiums, providing financial relief to property owners.

The expanded residential strata insurance coverage is available through Sure Insurance's network of authorised brokers across Regional Queensland. This development is particularly timely, as it addresses the pressing need for affordable and comprehensive insurance options in areas that have been historically underserved.

For property owners and strata managers in Northern and Regional Queensland, this initiative represents a positive shift towards more sustainable and accessible insurance solutions. By increasing coverage limits and fostering competition, Sure Insurance is playing a pivotal role in alleviating the financial burdens associated with strata insurance in these communities.

Published:Tuesday, 11th Nov 2025
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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Knowledgebase
Occupational Hazard:
A risk associated with the nature of a particular occupation, which may affect insurance premiums.