Strata Insurance New South Wales
Over 100,000 insured in New South Wales
units, apartments, & townhouses.
Strata Insurance for NSW owners
Owners of strata properties in NSW must comply with the obligations to insure as set out in theStrata Schemes Management Act 2015 (NSW). With our flexible options, you can add or remove coverage to create a policy that suits your property. Our experienced residential strata insurance team can assist you with more information and provide a quote to suit your needs.
In Sydney, Newcastle, Wollongong and right across New South Wales, strata insurance provides essential coverage designed to protect the building and common areas, mitigate your public liability risks, and offer financial security against events such as fire, storm damage, and other accidental damage. Strata Community Insurance islocally based in New South Wales and is aprivately owned Australian provider with decades of experience in strata insurance. We understand the unique regulations and needs of NSW properties of all sizes.
Who do we help in the strata Community?
Owners
We provide flexible and comprehensive insurance options to protect your individual investment and shared property.
Strata Managers
We support strata managers with seamless service and customised insurance solutions for the schemes they manage.
Brokers
We support insurance brokers to deliver specialised strata insurance for complex schemes and varied client portfolios.
Why Choose Strata Community Insurance?
Whether you self-manage your property, are a strata manager or a broker, we provide strata communities with the choice to place their insurance and tailor coverage to their specific needs, building types, and risk profiles.
With 100% of our resources dedicated specifically to the strata community, and teams based in all major states, including New South Wales.
Being privately owned, and with presence in all major capital cities, we have a complete focus on Australian strata communities so you can be confident our products and services are built to work for your needs.
Claims time is when insurance proves its worth. Our quick and easy online claim lodgement gives you access 24/7. If you have a more complex situation, our Australian based claims team handles everything locally.
Partnering with Allianz Australia Insurance Limited, part of the Allianz Group, means you have the confidence of being backed by one of the world’s largest insurers.
With passion and support that extends beyond just providing insurance products, we actively advocate for industry and regulatory changes that improve outcomes for the broader strata community.
Click here for information on all our products
What does our Residential Strata Insurance Cover?
The essentials covered
The following are included as standard cover under your Residential Strata Insurance policy.
Insured Property
Covers Loss or Damage to the Building and Common Area Contents which occurs during the Period of Insurance. May also includes cover for loss of rent or temporary accommodation. Limits apply. For further information, please read our Product Disclosure Statement.
Liability to others
Covers the insured’s legal liability to others for accidental death, bodily injury, or Loss or Damage to property that happens during the Period of Insurance. For further information, please read our Product Disclosure Statement.
Voluntary Workers
Provides benefits payable to a Voluntary Worker who sustains bodily injury while engaged in voluntary work or duties for the strata community. Limits apply. For further information, please read our Product Disclosure Statement.
Optional Extras available
You can add to your cover
Fidelity
guarantee
Cover against fraudulent misappropriation of the insured’s Funds. For further information, please read our Product Disclosure Statement.
Office Bearers
Liability
Covers the legal liability of Strata Community office holders and committee members for any wrongful act they commit.
For further information, please read our Product Disclosure Statement.
Machinery
breakdown
Provides cover against the breakdown of electrical, electronic and mechanical plant. (All policies include cover for fusion of electrical motors up to $5,000 under Section 1. For further information, please read our Product Disclosure Statement.
Catastrophe
insurance
When the building is destroyed or we declare it a contructive total loss, this additional benefit covers the unforeseen increase in the Replacement cost of the Building following an event declared as a catastrophe by the Insurance Council of Australia. Cover for catastrophic events such as bushfire and earthquake is included under Section 1. For further information, please read our Product Disclosure Statement.
Government audit costs and legal expenses
Cover for the cost of professional fees incurred in connection with an audit, the cost of appealing against common property health and safety breaches, and the cost of defending specific litigation. For further information, please read our Product Disclosure Statement.
Lot Owners’ Fixtures & Improvements
Cover for Loss or Damage to any fixture or structural improvement, other than Floating Floors, installed by a Lot Owner for their exclusive use and which is permanently attached to or fixed to your building so as to become legally part of it, when the Sum Insured under Part A of Section 1 is exhausted. For further information, please read our Product Disclosure Statement.
Loss of Lot market value
Cover for the reduction in the market value of a Lot or Lots following a total loss or constructive total loss, or partial loss of Insured Property when permission to rebuild is limited or restricted by any Public or Statutory Authority that results in all or some Lot titles being terminated. For further information, please read our Product Disclosure Statement.
Flood
Cover for Loss or Damage to Insured Property caused by Flood which happens during the Period of Insurance.
For further information, please read our Product Disclosure Statement.
Floating Floors
Cover for the cost of repairing or replacing Lot Owners’ Floating Floors if damaged by an Event claimable under Section 1, where the Building Sum Insured is not exhausted. For further information, please read our Product Disclosure Statement.
Lot Owners’ Wall Coverings (NSW/ACT)
Cover for the cost of repainting or re-wallpapering internal walls or ceilings of a Lot if damaged by an Event claimable under Section 1, where the Building Sum Insured is not exhausted
For further information, please read our Product Disclosure Statement.
A word from your Local Strata Insurance Expert
Strata insurance in New South Wales can be complex, particularly with the region’s weather events, such as storms, hail, and flooding. Additionally, ongoing regulatory changes in the strata insurance landscape require careful attention to ensure compliance and adequate coverage. At Strata Community Insurance, we offer flexible and comprehensive coverage designed specifically for owners corporations in New South Wales. Our policies are designed to protect your common property and liability exposures, are competitively priced, and suited to the unique risks and regulatory environment for owners corporations in New South Wales. Partnering with a dedicated strata insurer like Strata Community Insurance ensures that coverage is aligned with evolving regulatory requirements, and premiums remain competitive.
Greta Vargas
State Manager, NSW/ACT
What people are saying about us?
Thank you SCI for all your support and advice, you are so valuable to the strata community.
Awesome insurance company. Fast claim approval, excellent service and very competitive premiums.
High quality insurance product, knowledge of Strata and excellent service.
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