In New South Wales, owners corporations shoulder the responsibility of managing five fundamental aspects of their scheme: property, finances, insurance, records and building defects, as mandated by the Strata Schemes Management Act 2015 No 50 (NSW).
To give local owners corporations peace-of-mind, CHU established strata insurance in New South Wales in 1978. We are now the specialist in strata insurance for residential, commercial and mixed-use strata. Our strata insurance covers owners corporations for liability to others in connection with common areas, damage to common property and common area contents, the repair and cost of recovery after a disaster, legal defence expenses, and theft.
Residential Strata Insurance Plan
Commercial Strata Insurance Plan
What does CHU Strata Insurance cover?
In New South Wales, we cover:
- Building damage
- Theft from common areas
- Damage to common area contents
- Escalation in rebuilding / repair costs due to catastrophe
- Indemnity for personal injury or property damage liability
- Voluntary workers
- Fraudulent misappropriation of owners corporation funds
- Office bearers’ legal liability
- Machinery breakdown
- Government audit costs
- Legal defence expenses
Need more strata information?
For New South Wales-specific strata and regulatory information, visit:
