Yes. Add the Portable Contents option to your policy to protect personal items when you’re out and about — even overseas for up to 90 days.
Strata insurance is arranged by the owners corporation and covers the building structure and shared property. Contents insurance protects your personal belongings inside your lot.
Yes. If your home becomes uninhabitable due to an insured event, we can help cover the cost of temporary accommodation.
It covers your furniture, appliances, electronics, clothing, and more from events like fire, theft, flood, or storm. It also includes legal liability and optional extras like accidental damage or portable contents.
Yes – If you want protection for your personal belongings and legal liability. Strata insurance only covers the building and common areas.
The Community Association, its elected committee or the duly appointed managing agent is responsible for arranging and maintaining the insurance on behalf of all lot owners.
Community insurance is a policy that covers shared property, infrastructure and liability risks within a Community Association.
Community property includes shared areas such as private roads, communal gardens, utilities such as above and below ground services, and facilities like pools or clubhouses owned collectively by all lot owners.
Yes, if you own a home within a Community Association, you’ll typically need building insurance, contents insurance, or both. The community association policy only covers shared property and building structure.
Yes. Strata insurance does not replace the need for contents or landlord insurance.
Landlord Insurance: Protects against tenant-related losses (e.g. unpaid rent, damage).
Owner-occupiers: Contents insurance covers personal belongings against theft, damage or fire.
If your building is insured for less than its replacement value, there may be a shortfall in your claim after a major loss. If this eventuated, this would leave lot owners responsible for covering the shortfall. Ensure valuations are a regular agenda item at your building’s AGM to reduce the risk of underinsurance.
A professional strata building valuation is the most common way to determine the appropriate sum insured.
The valuation should cover:
- Full reinstatement (like-for-like rebuild)
- Debris removal and professional fees
- Inflation and cost escalation
CHU automatically indexes your sum insured at renewal, but valuations should be carried out regularly. In some states, valuations are legally required every five years.