A GUIDE TO RESIDENTIAL STRATA INSURANCE
Strata insurance solutions you can live with
All residential strata owners corporations are required by Strata Titles Act to have a combined Strata Insurance Policy which covers the following:
Covers damage to the building and common areas and if your cover is adequate, it provides full replacement and can include various additional costs.
Compensates for costs due to personal injury or property damage and includes legal fees if you are held legally liable.
If you’re an office bearer on an executive committee, this offers peace of mind in the event of mistakes, negligence or wrongdoing.
You need this cover to protect you and your fellow office bearers from losses due to misappropriation of strata funds.
Workers are legally entitled to compensation under various Workers Compensation statutes in each state and territory.