Strata Toolkit
The Strata Toolkit
What will you find in the toolkit
We aim to provide you with a range of tools that cover most areas of strata insurance.
Browse the topics to discover the answers to the most commonly asked questions and concerns including how to deal with certain situations as they come up.
Residential Strata Insurance
Commercial Strata Insurance
Community Association Insurance
The laws and regulations that relate to strata living are complex and they can be confusing. They also specify a lot of things that must be done in order for the Owners Corporation to comply with the law.
It is important to be aware that strata living is regulated by individual states and territories, so there are a number of different rules and obligations in different parts of Australia.
We have created this Strata Toolkit to help you manage a number of the more common building, maintenance and insurance issues.
Please browse or download – and share – the free resources we have gathered here to assist you.
Strata Terminology Across Australia: Key Differences Explained
In Australia, strata schemes are governed by state and territory legislation, which means the terminology and regulations differ across the country. For those working within the strata industry, and living in strata communities, the terminology can be confusing.
Understanding Insurance Requirements for Strata Communities
Navigate the complexities of insurance regulations for bodies corporate in Australia. This page details the essential coverages required by law, including insights from Strata Community Insurance to help safeguard your strata assets and liabilities.
Handy tips to simplify strata claims!
We use the strength of our experience to look at the exposures you or your clients face. Our coverage solutions have a number of innovative features designed to reduce your overall financial exposure.
Strata Managers: Responsibilities for Placement of Insurance
In the context of strata and community title insurance, the relationships between strata communities, their appointed strata managers, and insurance brokers is particularly complex.
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…
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…
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…
What to do when your building has been inundated with water
The most important things are: 1 Ensure the site is safe. 2 Remove all the water. 3 Mitigate the chance of mould. 4 Repair the…
Strata Insurance Explained: Owners’ Questions Answered.
What is a body corporate? A body corporate is a not for profit, unlimited liability legal entity. That means it is financially responsible (on behalf…
Western Australia Strata Insurance Explained: Owners’ Questions Answered.
What is a strata company? A strata company is a not for profit, unlimited liability legal entity. That means it is financially responsible (on behalf…
Commonly Asked Questions from your Owners Committee
Q1: What damage does insurance cover and what does the body corporate need to fund? A: Owners become members of an body corporate when they…
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…
Explaining Building Maintenance & Defects to Owners
Owners become members of a Body Corporate, Owners Corporation, Strata Company, Community Association or other similar legal entity when they buy into a Strata or…
Water Damage Can be Avoided
Strata buildings are complex structures with key components like water pipes, electrical wiring, air-conditioning systems, ventilation and lift systems in place. Much of this infrastructure
Unlimited Liability: What do West Australian Owners need to know?
When I buy a Strata unit or ‘lot’ what do I actually own? When you buy a unit or ‘lot’ in a strata scheme you…
Unlimited Liability: What do QLD Owners Need to Know?
When I buy a Strata unit or ‘lot’ what do I actually own? When you buy a unit or ‘lot’ in a Strata scheme you…
Unlimited Liability: What do NSW Owners Need to Know?
When I buy a Strata unit or ‘lot’ what do I actually own? When you buy a unit or ‘lot’ in a strata scheme you…
Unwelcome Tenants!
Pest inspections/treatments may appear to be expensive for a strata committee. However, they are an essential part of any good maintenance programme within a strata…
Demystifying Cladding!
What is cladding? From early in the 1990’s, aluminium composite panel (ACP) became a standard material for medium and high-rise buildings across Australia, revolutionising the…
Western Australia Strata Titles Amendment Act 2018: Preparing Strata Managers & Owners for Regulatory Changes.
With the WA strata sector worth more than $170 billion and comprising 300,000 strata lots, new strata reform in the State supports the delivery of…
How to Manage Burst Pipes
Be Prepared: How to Manage Burst Pipes Water Damage: The No. 1 cause of strata claims. At Strata Community Insurance, just under 70% of claims…
Indexation Explained: What Qld Owners Need to Know
Your obligations to insure for full reinstatement and replacement value of your strata building Body Corporate (BC’s) are required to insure for full reinstatement and…
Cladding: What do Owners Committees need to know?
The issue of highly combustible cladding usage in high-rise buildings was most recently highlighted in February 2019, when the Melbourne Neo 200 building caught fire…
Window safety in strata
12.5cm maximum opening for peace of mind! Each year in Australia approximately 50 children (or almost one per week) fall from windows or balconies, often…
Defects and Maintenance Register
Best Practice is key As the strata sector continues to change and legislative requirements become more onerous we, as an industry, are charged with introducing…
Contractor Management Systems
From time to time, strata managers and/or strata committees may need to engage the services of an external contractor to undertake work within a strata…
Building Inspections and Maintenance Checklist
Strata complexes should be inspected at regular intervals to identify deterioration and required maintenance work – such as cleaning and painting, and attending to lighting…
Play it safe with asbestos
Asbestos is a term for a group of six naturally occurring mineral fibres. In the past, it was considered one of the most versatile minerals…
4 Stages of Building Defects and Maintenance Controls
Building defects and maintenance controls are recognised as an integral part of good governance. They are an interactive process that can be used by strata…
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