Strata-cover.com.au connects owners, corporations, strata managers and investors with tailored strata insurance solutions through our Australia-wide Broker referral partner panel. Compare policies with a participating broker, explore coverage options and understand strata insurance requirements Australia-wide to help assess cover for your building, common property and liability risks. Start with clear information, then request strata insurance quotes that align with your needs.
Comparison results are from participating brokers within our referral network and may not represent all providers in the market. We may receive a referral fee at no cost to you. We do not provide financial advice or credit assistance directly.
Strata insurance Australia: coverage, costs and obligations
Strata insurance in Australia is designed to protect the building structure and shared areas, as well as provide liability cover for the owners corporation. Understanding what a strata insurance policy does and does not cover helps committees, landlords and owner-occupiers make informed, practical decisions.
Use this site to explore strata insurance coverage, understand options available from different strata insurance providers and learn how strata insurance regulations vary across states and territories. When you are ready, you can request strata insurance quotes from participating brokers, who can consider the risks, size and budget of your particular scheme.
What strata insurance typically covers
Building and common property: Structural elements, shared walls, foyers, lifts, garages and other communal areas specified in your strata insurance policy.
Fixtures and permanent fittings: Items such as built-in cupboards, shared hot water systems, intercoms and common air-conditioning units.
Public liability: Cover for injury or property damage suffered by third parties in common areas, subject to the policy terms.
Catastrophe and incident damage: Protection for events such as fire, storm, escape of water or vandalism, where included in the strata insurance coverage.
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Choosing the right strata insurance policy
Different buildings, locations and ownership structures call for different strata insurance solutions.
When comparing strata insurance Australia-wide, look at more than the premium. Assess building sum insured, voluntary excess options, liability limits and special risks such as flood, short-term letting or commercial lots. Consider how claim support is handled and whether the insurer understands local strata insurance regulations.
If your committee needs guidance, you can learn more about our approach on the about page before submitting an enquiry so we can refer you to a licensed strata insurance broker for tailored quotes for your property.
Strata insurance requirements by state in Australia
Each state and territory sets its own strata insurance requirements, including minimum levels of building and liability cover.
Some jurisdictions require full replacement value cover for buildings and common property.
Public liability cover is commonly mandatory for common areas used by residents and visitors.
Timeframes for arranging valuations, renewals and disclosure obligations differ between states.
Understanding these rules helps your committee stay compliant while managing strata insurance cost pressures. You can read more state-by-state guidance in our practical resources on strata insurance regulations. Strata insurance regulations and product information are subject to change, so please confirm the latest requirements with your adviser or the relevant regulator before relying on this content.
Strata Cover Australia Weekly News
This week: ARPC proposes cyclone pool rate changes from July 2027, with a rebalancing that could lower premiums for higher‑risk northern properties. The insurance market has softened, with property rates down about 10–20 per cent in early 2026, favouring well‑managed schemes that prepare early. Home prices fell again in September, but strata cover is based on replacement cost—so update valuations rather than trimming sums insured. Finally, ASIC is reviewing paid claimant advocates; committees should scrutinise authorities and fees and coordinate claims through their broker and strata manager.
Estimate your strata insurance needs with our Strata Insurance Calculator. Calculate the right levels of cover to protect your building investment and secure your financial livelihood.
Strata insurance is only effective when claims are handled smoothly and budgets are realistic. With clear processes and the right tools, committees can respond quickly to incidents, plan for future premium changes and keep owners informed about their strata insurance benefits.
Manage claims, costs and ongoing responsibilities
Use these resources to strengthen how your scheme handles strata insurance claims, budgeting and communication with owners.
Managing strata insurance claims effectively
A structured approach can reduce stress and delays when damage occurs.
Notify your strata insurance provider promptly and record incident details, photos and witness information.
Clarify whether the claim sits with strata insurance or individual contents or landlord cover.
Keep owners updated on repair timelines, access requirements and any excess contributions.
Our practical guides on how to file a strata insurance claim outline typical timeframes, documents to prepare and ways committees can streamline decision-making.
Estimating strata insurance cost and setting budgets
Premiums are influenced by building value, construction type, location, claims history and cover options.
Obtain an up-to-date building valuation to support an appropriate sum insured.
Strata insurance regulations and market conditions evolve over time, affecting cover availability and premiums.
Regularly reviewing updates helps committees anticipate changes such as new safety requirements, catastrophe risk assessments or adjustments to minimum cover levels. Keeping informed also supports transparent communication with owners about why strata insurance cost may move from year to year.
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Urbanise’s latest market communication has again highlighted the growing importance of digital systems in strata and facilities management. While the update is not an insurance announcement, it is relevant to owners corporations, body corporates and strata committees because insurers increasingly want clear, current and usable information about the buildings they are being asked to cover. - read more
The latest phase of New South Wales strata reform has brought strata insurance disclosure back into practical focus, moving the issue from policy debate to renewal-season reality for owners corporations. The changes are designed to make it clearer when a strata managing agent, broker, insurer or related party receives a commission, fee or other financial benefit connected with arranging insurance. - read more
The latest affordability push from Australia’s insurance industry has put state-based insurance taxes back in the spotlight, with renewed attention on how levies and duties can add to the cost of cover before a building’s individual risk profile is even assessed. For strata communities, that debate matters because premiums are usually paid collectively, then passed through to owners via levies. - read more
Fresh attention on Australia's construction cost environment is a useful reminder for strata communities that insurance adequacy is not just about the premium charged at renewal. For owners corporations and body corporates, the more important question is whether the insured value of the building would still be enough to rebuild, reinstate common property and meet associated professional costs after a major loss. - read more
Strata insurance can protect shared buildings, common property and liability exposures, but the details of a policy matter. This guide explains common strata insurance coverage areas, exclusions, excesses, policy limits, sub-limits and optional covers that owners corporations, strata committees and strata managers should review before relying on a policy. - read more
Strata insurance costs in Australia are shaped by the building, location, claims history, cover choices, excesses, legal requirements and insurer risk assessment. Understanding these factors can help owners corporations and strata committees review premiums more confidently. - read more
When it comes to strata insurance, making a claim can feel daunting if you're not familiar with the process. A vital first step is understanding what constitutes a claimable event. Typically, these are events that lead to damage or loss in the common areas of a property, such as fire, storm damage, or vandalism. However, each policy can vary, so it’s important to check the specifics of what your coverage includes. - read more
Strata insurance can be confusing because different parts of a property may be the responsibility of the owners corporation, individual lot owners, landlords or tenants. This guide explains the usual boundaries and where personal cover may still be needed. - read more
Knowledgebase
Subrogation: An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.
This week: ARPC proposes cyclone pool rate changes from July 2027, with a rebalancing that could lower premiums for higher‑risk northern properties. The insurance market has softened, with property rates down about 10–20 per cent in early 2026, favouring well‑managed schemes that prepare early. Home prices fell again in September, but strata cover is based on replacement cost—so update valuations rather than trimming sums insured. Finally, ASIC is reviewing paid claimant advocates; committees should scrutinise authorities and fees and coordinate claims through their broker and strata manager.
