Strata Insurance Victoria
Over 86,000 insured in Victoria
units, apartments, & townhouses.
Strata Insurance for Victoria owners
Owners of strata properties in Victoria must comply with the obligations to insure as set out in Owners Corporations Act 2006 (VIC). 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 Melbourne, Geelong and right across Victoria, strata insurance provides essential coverage designed to protect the building and common areas, mitigate public liability risks, and offer financial security against events such as fire, storm damage, and other accidental damage. Strata Community Insurance is locally based in Victoria and is a privately owned Australian provider with decades of experience in strata insurance. We understand the unique regulations and needs of VIC 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 Victoria.
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 owners corporation. 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 owners corporation 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.
A word from your Local Strata Insurance Expert
The last 20 years has seen exponential growth of strata living. Owners corporations come in many shapes and sizes in Victoria. From two lot subdivisions to large residential towers. Mixed use residential & commercial sites to broad acre estates. Irrespective of size and complexity, owners corporations have legislative requirements around insurance and have differing exposures to freehold housing. To understand more, give one of our local experts a call and we would be happy to discuss further.
Scott Overy & Nicole Ryan
Joint State Managers, VIC & TAS
What people are saying about us?
Wayne, Sophie and the team have been wonderful at providing timely and excellent service. Much appreciated.
My experience was wonderful the staff were friendly and the atmosphere was pleasing. This is a company I would definitely work for given the opportunity.
Experience was pleasant.
It has been great working with SCI since its inception.
The relationship has proven most beneficial for our clients.
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