Strata Insurance | Master Builders Insurance Brokers

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Strata Insurance

Protects your interests as an owner of a strata titled property.

Cover for

Building damage
Loss or damage of common area contents (including theft)
Public Liability
Machinery Breakdown (optional)
Fraud and misappropriation (optional)

What is Strata Insurance?

Strata Insurance covers the owner’s corporation for loss of or damage to buildings, contents of common areas, Public Liability and optional covers for strata titled properties which can be residential, commercial or mixed use.

The terminology varies across Australia but as a strata titled property owner / body corporate / council of owners /owner’s corporation / strata scheme / community corporation or community title scheme you must ensure the cover you arrange complies with your local State and Territory based legislation.

Each State and Territory is governed by local strata laws, however, Strata Insurance is compulsory right across Australia.

Key benefits
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Compliance with legislation
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Protection of physical assets against insured events
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Public Liability for third party injury or property damage
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Optional cover for machinery breakdown, fraud and misappropriation

Why do you need this policy?

Here's an example:

 

Ben owns and lives in a ten storey apartment complex.

He and the other owners in the complex have a strata management committee that arranges the insurance for the building and common property through a broker.
Last weekend the residents were unable to use the elevator due to a small contained fire that damage the electrical panel.

The repairs were carried out promptly by their strata insurer leaving no one out of pocket for the damage.

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Strata Insurance is complex and requires professional advice from our insurance broking team. We will ensure it complies with local legislation while taking into account the unique aspects of every strata-titled property.

Joe Keiper Southern Region Manager

Why choose Master Builders Insurance Brokers?

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Questions?
Talk to your local specialist:

 

Blake Raymond
Blake Raymond
Business Development Executive (VIC)

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