In Sydney and across New South Wales, owners corporations are responsible for the management of 5 key areas of their scheme including property, finances, insurance, records and building defects under the Strata Schemes Management Act 2015 No 50 (NSW).
To give local owners corporations peace-of-mind, CHU established strata insurance right here in NSW over 45 years ago and 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 answers to your strata questions or state regulations in NSW, contact:
Strata Community Association NSW
or
New South Wales Fair Trading Services
