Building and common property
Describe the buildings, shared facilities and common-area contents that the scheme is responsible for insuring. A current rebuilding assessment helps the discussion about values.
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Residential Strata Insurance
Residential strata insurance concerns the collectively insured building and common property. It should be reviewed alongside each owner’s own contents or landlord arrangements, with the boundaries made clear.
Who it is for
Residential strata schemes and owners clarifying shared-property and individual interests.
Explore the cover
These are areas to discuss, not an automatic inclusion list. Available sections and cover depend on the selected wording and schedule.
Liability and selected extensions
Public liability is distinct from optional sections such as office-bearers liability, fidelity or machinery breakdown. Check the schedule and each section’s limits.
What owners arrange separately
A scheme policy should not be assumed to insure everything within an apartment. Personal belongings, landlord interests and individual improvements need to be checked against the respective policies.
Information for quotations
Provide scheme and building details, plans, unit uses, common facilities, rebuilding information, maintenance issues and current insurance.
Limitations and exclusions to discuss
Responsibilities depend on the scheme, location and documents. Contents, improvements, rented lots and common property need separate consideration.
Frequently asked questions
Does a strata policy insure all possessions inside a unit?
Do not assume so. Identify shared property, owner improvements and personal possessions, then review the relevant documents.
Can an owner’s landlord cover replace the scheme’s review?
No. The individual rental interest and collective property arrangement describe different responsibilities.
Talk through your business.
Tell us what you do, what is changing and what you would like to understand. We can help organise the questions and the information needed for a meaningful insurance discussion.