Strata Toolkit

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

In the context of strata and community title insurance, the relationships between strata communities, their appointed strata managers, and insurance brokers is particularly complex –

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Strata complexes should be inspected at regular intervals to identify deterioration and required maintenance work – such as cleaning and painting, and attending to lighting

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

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