Community property varies but typically includes assets such as shared roads and pathways, gardens, fences, utility infrastructure and facilities such as swimming pools or clubhouses that are owned by the association.
No, this is an optional cover that can be added to protect committee members against claims arising from decisions made while performing their duties.
No, individual lot owners will need separate Home & Contents or Landlord Insurance to cover their private property and belongings.
This policy is designed for community associations and the managing committees responsible for insuring shared property and community areas.
It covers accidental loss or damage to shared community property, legal liability, volunteer worker injury and optional protections like office bearers’ legal liability for the association’s elected committee members.
A community association is a type of land subdivision where there is a shared use and ownership of community property and amenities. Community associations can include a mix of residential homes and commercial properties spread over a large area of land, with insurance responsibilities divided between common areas and individual lot or home owners.
No. Home and contents insurance is generally designed for owner-occupiers who live in the property.
Landlord insurance is designed for property owners who rent out their residential investment property. It can cover rental-related risks such as landlord contents, loss of rent, certain tenant-related damage and legal liability, depending on the cover selected.
- Damage to the physical building or any other property ordinarily covered under a strata insurance policy.
- Damage where the lot has not been maintained to a reasonable standard.
- Contents items that are not owned by the lot owner and available for tenant use.
(see PDS for full list of exclusions)
Loss of rent cover may apply if your rental property becomes unliveable due to loss or damage caused by an insured event and a claim has been accepted.
For building cover, loss of rent may apply where the building is insured under the policy.
For contents-only cover, loss of rent is only available where you are a strata lot owner with contents cover only.
Rent Default by Tenant is different and is only available as an optional cover for eligible formal lease arrangements.
You may still need landlord insurance if you rent out a strata property.
Residential strata insurance generally covers the building, common property and common contents insured by the strata body corporate. It may not cover landlord-owned contents inside your lot, strata fixtures that the body corporate is not required to insure, loss of rent, certain tenant-related damage or your legal liability as a landlord.
CHU Landlord Insurance can help protect you for these landlord-specific risks, depending on the cover selected.
Landlord insurance is not generally mandatory in Australia. However, landlords may choose to take out cover to help protect against rental-related risks such as loss or damage to the rental property, landlord contents, loss of rent, tenant-related damage and legal liability.
You should consider your own circumstances and read the Product Disclosure Statement and Target Market Determination before deciding whether the product is right for you.
CHU Landlord Insurance is designed for property owners who rent out eligible residential investment properties, including freestanding houses and strata properties.
Eligibility depends on the property type, occupancy, cover selected, underwriting criteria and the Target Market Determination.