Strata Insurance Quotes
in Australia
With extensive experience in strata insurance, Insuregroup is a trusted Australian broker dedicated to helping community and strata-titled residential and commercial properties secure coverage that meets their needs.
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As part of and a member of the Steadfast Group, we have access to a wide range of products and member pricing for some premiums, allowing us to identify and offer a variety of strata insurance solutions appropriate to your needs.
At Insuregroup, our success is built on professional expertise, personalised support, and long-term client relationships. Whether working with a self-managed strata committee or a dedicated strata management provider, we act as a trusted partner, working alongside our clients so they can confidently navigate the complexities of strata insurance.
Our understanding of strata-title building insurance, combined with strong relationships with leading strata insurance companies, allows us to provide insurance solutions aligned to your needs. Offering in-depth guidance at every step, we take the time to understand your property’s unique needs and potential risks, supporting you to find the coverage you need while providing outstanding service.
Why Insuregroup?
We provide clear advice regarding insurance for strata properties based on your unique needs, assisting you to identify the appropriate level and detail of coverage you need.
INSURANCE ADVICE
We provide clear advice regarding insurance for strata properties based on your unique needs, assisting you to identify the appropriate level and detail of coverage you need.
QUICK QUOTES
We understand the necessity for prompt delivery of insurance quotes, especially when strata insurance renewals are just around the corner.
SUITE OF COVERS
Detailed strata insurance coverage including strata building insurance, common property, liability, repairs, and others, upon request, such as voluntary workers.
MEMBER PRICING
Access an extensive range of products and competitively priced premiums for strata insurance in Australia through our membership with organisations such as the Steadfast Insurance Group.
We provide access to targeted, cost-effective strata insurance products
Strata Managers
We simplify insurance management by providing needs-based solutions, cost-effective premiums and professional advice. Our responsive service ensures claims and renewals are handled efficiently, saving you time and hassle.
Self-Managed Strata Committees
We act as your trusted partner, guiding you through the complexities of strata insurance with clear, honest advice. Our industry in-depth industry knowledge can help you secure appropriate coverage while keeping costs under control.
Community Title Properties
We provide considered insurance solutions for properties on a community title that require detailed coverage for shared spaces and liabilities. We support you to navigate policy options and secure the appropriate level of coverage with confidence.
Types of Strata We Provide Coverage For
Residential Strata Insurance
We provide coverage designed to address common strata property risks present in residential strata properties, protecting common areas, shared facilities and liabilities.
Access to a range of strata insurance products for owners and strata committees is on offer through including:
Apartment complexes
Flat buildings
Townhouses
Duplexes
Villas and
Multi-story residential buildings
Commercial Strata Insurance
Our commercial strata insurance covers buildings used for business purposes, safeguarding owners and tenants against property damage, liability risks, and loss of rent.
This includes coverage for premises such as:
Office buildings
Retail complexes
Industrial units and
Warehouses
Mixed-Use Buildings
For properties combining residential and commercial spaces, we offer specialised coverage that balances the unique risks of both sectors. Our policies protect common areas, shared facilities, and multiple stakeholders under a single detailed plan.
What Does Strata Insurance Cover?
Strata insurance provides coverage for the building and shared property managed by the owners’ corporation, protecting against damage, liability and other risks.
Structural elements like walls, ceilings, and floors.
Common areas such as lobbies, hallways, and gardens.
Lifts, stairwells, and shared amenities.
Car parks and driveways.
Swimming pools and any recreational facilities.
Shared contents, such as gardening equipment and appliances in common areas.
Each policy varies, so it’s important to review the specific coverage to ensure it meets your property’s needs. At Insuregroup, we will pinpoint which insurer offers the policy and price based on these needs, so you can confidently select an appropriate level of coverage.
Types Of Incidences Covered By Strata Insurance
The types of incidents covered by strata insurance can vary between insurers and policy types. However, generally, strata insurance covers a range of events that may cause damage to the building or common property such as:
Flood
Fire (including bushfires)
Malicious acts and vandalism
Impact (damage caused by impact from falling trees or similar)
Storm
Theft and burglary
Damage by an animal
Riot, civil commotion or public disturbance
Explosion
Escape of liquid e.g. burst pipe
Lightning
Earthquake and tsunami
How Coverage Can Be Adjusted To Suit Your Needs
Certain aspects of strata insurance policies can often be adjusted to suit the unique needs of your property, though the specific options available will depend on the insurer underwriting it. At Insuregroup, as highly experienced strata insurance brokers, we work closely with you to identify coverage that meets your needs.
Areas in which adjustments to coverage can be made typically include:
Building and Common Contents
Adjust coverage for structural elements and shared property.
Machinery Breakdown
Protect lifts, pumps, and other essential equipment.
Electronic Equipment
Cover for systems like intercoms and security cameras.
Voluntary Workers Accident Only
Insurance for volunteers assisting with strata upkeep.
Fidelity Guarantee
Protection against fraud or misappropriation of funds.
Legal Liability
Coverage for claims related to injury or property damage.
Strata Council Members Legal Liability
Safeguards committee members against legal action.
To ensure you obtain appropriate coverage for your property, contact Insuregroup. We provide information and options to support informed decisions so you can confidently choose an insurance solution that meet your needs.
With trusted, jargon-free advice, we provide outcomes and streamlined service for the simplified and streamlined organisation of strata insurance. Request your quote, commitment-free, online with us today.
Online Insurance Quote
Please fill in the details as noted below and we will send you an email for more information.
Hey, thanks for clicking on our strata title insurance page. At Insuregroup we have access to over 100 national and international insurance markets. Some of these insurers deal exclusively through insurance brokers particularly for strata insurance.
We try to make the process as easy and stress free, you’ll speak or email with an Insuregroup representative with experience in strata insurance to discuss your requirements and products covered, including legal liability, damaged property, and other expenses.
We really appreciate you reaching out to us and please send us an email at Hello@insuregroup.com.au or call us with your requirements. Check out our google reviews for testimonials from our customers, you’ll see we make the process easy and stress free.
Our Process for providing strata insurance solutions
The Insuregroup strata title insurance process – jargon free delivery of competitive strata insurance cover.
Simply complete our contact form as noted above and we will email you with any extra information required in order to obtain quick competitive strata insurance.
FAQs
What is strata insurance?
Strata insurance is a specialised insurance policy that covers the building and common property of a strata or community title property. It typically protects against risks such as fire, storm damage, and theft, while also covering liability for accidents that occur in shared areas. It ensures that both property owners and residents are protected from financial loss.
What is not covered by strata insurance?
While strata insurance can offer comprehensive protection, there are some exclusions or things that are generally not covered by these policies. These may include:
- Damage to individual apartment contents, like personal belongings or furniture.
- Wear and tear or gradual deterioration.
- Intentional damage or neglect.
- Some natural disasters, depending on location and policy type.
- Loss of rent for unoccupied properties (unless specified).
It’s important to review the policy to understand what’s covered and what’s not, as different insurers may offer varying coverage options.
Does strata insurance cover loss of rent?
Strata insurance typically does not cover loss of rent, unless specifically included in the policy. However, some insurers may offer additional cover options for loss of rent due to property damage that makes the building uninhabitable. We can discuss this with you as needed.
Does strata insurance cover tenants?
Strata insurance generally does not cover tenants’ personal belongings or liabilities. Tenants should have their own contents insurance to protect their possessions and liability while living in the property.
Strata insurance can, however, cover liability for accidents in common areas that could affect tenants, such as slips or falls in hallways or shared facilities.
Who pays the excess on a strata insurance claim?
The excess on a strata insurance claim is typically paid by the owners’ corporation or strata scheme using funds collected through strata levies and not by individual owners. This is because strata insurance covers shared property and common areas.
The only time when this may not apply is if a claim is caused by negligence or damage from an individual property owner. In these circumstances, they may be required to cover the excess.
How much does strata insurance cost?
The cost of strata insurance depends on several factors, including the size and type of the property, location, the level of coverage required, the insurer’s policies and more.
Due to this, premiums for strata insurance can vary quite a bit, so it’s important to compare different providers to ensure you get appropriate coverage with your policy. Utilising a broker specialising in strata insurance, such as Insuregroup, can simplify this process and support you in identifying a competitively priced option suited to your strata property.
Is strata insurance a legal requirement?
Yes, strata insurance is a legal requirement in Australia for all strata schemes. Under state and territory legislation, the owners’ corporation must maintain insurance for the building and common property. This ensures that the property is protected against risks like fire, storm damage, and other unexpected events.
How long does it take to effect cover and produce certificates?
We aim to deliver quotes in the quickest possible time. However we need to wait for insurance companies to review our submissions and provide feedback. More detailed submissions generally results in a more accurate insurance policy premium.
When will insurance certificates be provided
We will issue you with a certificate of insurance promptly following the finalisation of your payment. These can be issued in electronic form, so as to ensure the fastest possible turnaround.
Are the insurers licensed in Australia for strata title insurance?
The insurers we are recommending are licensed by APRA and ASIC and regulated accordingly. We only deal with licensed and regulated insurers in Australia. These insurers are subject to rigours testing to ensure they meet minimum standards.
What about Insuregroup?
At Insuregroup, we have no affiliations with any insurers, so you’re guaranteed that we act solely in your best interests. We are also licensed and regulated by Steadfast insurance so you can ensure checks and balances are in place, providing protection from loss or damage and safeguarding your interests.
Are monthly premiums available?
Yes monthly premiums are available on all strata insurance if you prefer to pay in this manner.