Handy tips to simplify strata claims!

Strata insurance can offer peace-of-mind in the unfortunate event that an insured needs to make a claim. Of course, having the right cover in place is the first requirement. The claims process should be timely, efficient and fair. However, it is not simply a matter of making a phone call and expecting to receive a … Read more

The Value of a Strata Manager

The Value of a Strata Manager

Insurance can be complex. Your Strata Manager is here to help. With our localised knowledge of specific strata communities, strata managers regularly provide quotes, lodge and administer claims, and maintain record keeping. We’re here to help manage your insurance needs. As a member of the owners corporation, body corporate, strata corporation or strata company, owners … Read more

Guide to Risk Management of Cladding

Identifying, Reporting & Managing Cladding Risks Strata Community Insurance is committed to providing our customers with market-leading products and practical solutions that assist in managing the complex risks and exposures facing our industry. The following is a tool to support owners, strata managers and insurance brokers with the identification, reporting and risk management of buildings … Read more

Building Valuations and Underinsurance

Let’s consider the following items in relation to Strata Building insurance: Underinsurance; Owners’ legislative obligations; Important considerations when appointing a valuer; Key timelines in the calculation of a Sum Insured. Underinsurance Despite the fact legislation requires the Corporation, Owners Corporation, Plan or Company (“Body Corporate”) to insure the building for rebuilding and/or replacement value, it … Read more

Section 11 – Loss of Lot Market Value

What happens if your scheme cannot be reinstated? If you’re like millions of other Australians, you will have a large amount of your net worth invested in your primary residence. As owners, we tend to always be optimistic on the value of this asset, and of course its true worth is only realised upon sale. … Read more

Why Strata Community Insurance?

Why Strata Community Insurance?

Protection for your strata property. And you. Your strata property may well be your most valuable asset. However, you also share in its liabilities and are legally bound to repair, maintain and manage its common property. So while your building needs protection – so do you. That’s where the market-leading cover and knowledge from Australia’s … Read more