What is Strata Insurance ?

Residential strata insurance commonly referred to as body corporate insurance in some states general covers common property housed or owned under the strata title or body corporate entity.

Individual (Lot) owners of a strata title typically share the premium costs of strata insurance as part of their annual strata fees & outgoings. It is mandatory requirement for all body corporates in all states in Australia to hold a current and financial strata insurance policy

What Does Strata Insurance Cover ?

Strata insurance generally covers common or shared property. This can include common areas, elevators (lifts), car parks, pools, windows, gardens, balconies, walls, floors & ceilings. The most common element of strata insurance is the provision of public liability cover which covers the body corporate in the event individuals are injured on common property.

For more information or to request a quote please contact Bespoke today.