Strata insurance requirements across Australian states and territories
Strata insurance is generally a legal obligation for Australian strata schemes, but the exact requirements differ between states and territories. This guide explains how obligations commonly work, what committees and owners should check, and why scheme type, location and policy wording matter. - read more
Commercial and residential strata insurance: key differences explained
Commercial and residential strata insurance both protect strata-titled buildings and common property, but the risks, policy considerations and information insurers assess can differ significantly. - 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
Strata insurance valuations and underinsurance risk explained
Building valuations and replacement cost estimates help determine the sum insured for a strata property. If those estimates are too low, an owners corporation may face underinsurance, reduced claim outcomes or unexpected costs after a major loss. - 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