Strata Insurance Online :: News
SHARE

Share this news item!

CHU Introduces Cyber Coverage in Residential Strata Insurance

New Policy Addition Addresses Growing Cyber Threats for Strata Owners

CHU Introduces Cyber Coverage in Residential Strata Insurance?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In response to the escalating cyber threats targeting strata communities, CHU Underwriting Agencies has expanded its residential strata insurance policies to include cyber protection.
This enhancement provides coverage of up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions.

Steve Tchepak, CHU's Head of Underwriting, emphasised the significance of this development, stating that cyber threats are no longer confined to large organisations but are increasingly affecting everyday transactions within strata communities. By integrating this coverage, CHU aims to bolster the resilience of strata owners and committee members against such risks.

This proactive measure reflects CHU's commitment to evolving with the needs of its customers, ensuring that strata owners are better protected in an increasingly digital landscape. The inclusion of cyber protection in residential strata policies underscores the importance of comprehensive coverage that addresses both traditional and emerging risks.

Strata owners and managers are encouraged to review their current insurance policies and consider the benefits of this added protection. As cyber threats continue to evolve, having a policy that includes coverage for social engineering fraud can provide peace of mind and financial security.

Published:Thursday, 14th May 2026
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.

Share this news item:

Rate this article

Sign in with Google to rate

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

NSW Introduces Strata Law Reforms to Strengthen Community Protections
NSW Introduces Strata Law Reforms to Strengthen Community Protections
06 Jun 2026: Paige Estritori
The New South Wales (NSW) Government has initiated a series of reforms to modernise strata regulations, aiming to bolster transparency and accountability within strata management. These changes are designed to provide greater protection for property owners and enhance the governance standards of strata schemes. - read more
Strata Insurance Market Begins to Stabilise After Period of Volatility
Strata Insurance Market Begins to Stabilise After Period of Volatility
22 May 2026: Paige Estritori
After several years of steep premium increases and reduced insurer appetite, the strata insurance market along Australia's east coast is finally showing signs of stabilisation. While challenges remain, proactive strata committees are increasingly able to secure better outcomes. - read more
CHU Introduces Cyber Coverage in Residential Strata Insurance
CHU Introduces Cyber Coverage in Residential Strata Insurance
14 May 2026: Paige Estritori
In response to the escalating cyber threats targeting strata communities, CHU Underwriting Agencies has expanded its residential strata insurance policies to include cyber protection. This enhancement provides coverage of up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU Expands Strata Insurance Capacity to Support Larger Developments
CHU Expands Strata Insurance Capacity to Support Larger Developments
14 May 2026: Paige Estritori
CHU Underwriting Agencies has announced a significant increase in its single risk capacity, raising the limit to $690 million from the previous $300 million. This substantial enhancement enables CHU to better support larger residential and commercial strata developments across Australia. - read more
CHU's 2025 Report Shows Stability in Strata Insurance Premiums Amid Climate and Regulatory Shifts
CHU's 2025 Report Shows Stability in Strata Insurance Premiums Amid Climate and Regulatory Shifts
14 May 2026: Paige Estritori
CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report offers valuable insights into premium movements, the impact of weather events, regulatory developments, and emerging risks affecting strata insurance. - read more
Click for more Insurance News


Strata Insurance Articles

Can I get Strata Insurance for Mixed-use Properties?
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
Strata Insurance Explained: What’s Not Covered and Why It Matters
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
Step-by-Step Guide to Filing a Strata Insurance Claim in Australia
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
Benefits of Bundling Strata Insurance with other Policies
Benefits of Bundling Strata Insurance with other Policies
Strata insurance is a specialized form of insurance designed to protect the common property and assets of a strata titled property, which is especially important for property owners in Australia. It provides coverage for shared areas such as hallways, gardens, and pools, as well as liability protection for incidents that may occur in these common spaces. - read more
Factors Influencing the Cost of Strata Insurance
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

Knowledgebase
Exclusion:
Specific conditions or circumstances for which the insurance policy does not provide coverage.

Quick Links: | Strata Insurance | Strata Insurance Australia | Commercial Strata Insurance | Residential Strata Insurance | Best Strata Insurance Policy | Strata Insurance Quote | Strata Insurance Brokers | Strata Insurance Comparison | Body Corporate Insurance | Apartment Building Insurance | Owners Corporation Insurance
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.