Strata insurance is arranged by the Owners Corporation (body corporate), not individual owners.

• All lot owners’ contribute to the premium through strata fees.

The policy covers the whole building and shared property on behalf of the group

In most cases yes. Strata legislation in all states and territories requires Residential Strata Insurance, but specific requirements vary.

The cost is shared between lot/unit owners and managed by the Owners Corporation (body corporate). Strata insurance can cover many types of dwellings including:

• Townhouse
• Unit/Flat
• Apartment
• Duplex

It is advisable to check what is covered under your strata insurance policy and determine if you require any additional coverage for personal belongings, improvements to your unit, or additional liability protection. If you live in an apartment, unit, villa or townhouse, we offer contents insurance to protect your personal belongings, as residential strata insurance only protects the building and not your personal property or possessions.

Strata insurance covers common property and shared areas in strata-titled properties, while home insurance covers individual units or houses. Strata insurance also typically includes liability protection for the body corporate and its members.