Usually managed by the body corporate (i.e. the registered owners of the building), strata insurance is designed to protect common property and contents. Each state in Australia has different legislative requirements regarding the minimum compulsory inclusions of cover, and so it is important to have an omnisure experienced broker to make sure your you are adequately covered physically and legally. In addition to this, strata policies often list certain exclusions, such as cover against flood damage; so it is even more imperative to have a knowledgeable broker to advise you, and negotiate with the insurers to put together a policy that meets all your needs.
The premium costs are typically split across the body corporate as part of the owners strata fees. If you think you may be paying too much with your current policy, we would love to see if we can do better. Please jump onto our home page and click on the tab “Review My Current Policy” where we will be in touch with you in no time.