Download and complete a PDF quote form.

Should be read in conjunction with latest Product Disclosure Statement and Policy Wording.

Target Market Determination is a document that describes who the product is appropriate for (target market), and any conditions around how the product can be distributed to customers.

Outlines key policy changes, and should be read in conjunction with latest Product Disclosure Statement and Policy Wording.

In many cases, yes. Changes like sum insured or excess can be requested and may affect your premium. Some adjustments aren’t possible after the policy inception date. Please review your quote or renewal invitation and contact us to discuss any changes.

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.