Protecting your building and common property requires the right strata insurance policy, clear guidance, and access to reputable insurers. Our platform connects owners corporations, body corporates, strata managers and investors with participating licensed insurance brokers for strata insurance Australia, making it easier to compare options, understand strata insurance coverage and navigate claims.
Use our simple online form to request strata insurance quotes from participating brokers, explore calculators that help you consider potential strata insurance cost drivers, and read educational articles on strata insurance requirements and strata insurance regulations across Australian states and territories. Information here is general in nature; consider the relevant Product Disclosure Statement and Target Market Determination before deciding.
What is a broker
An insurance broker is an intermediary who acts on your instructions to help you assess needs, compare options available to them and arrange cover with suitable strata insurance providers. For strata insurance Australia, a broker can explain how different insurers define common property, building limits and liability, outline exclusions, and assist with strata insurance claims and renewals. They can also help you interpret strata insurance regulations that vary by state.
Why use a broker
Strata schemes face complex decisions around coverage limits, valuation, excesses and compliance. A broker can help you save time by sourcing multiple strata insurance quotes, conducting a practical strata insurance comparison, and highlighting strata insurance benefits and gaps relevant to your building profile. They draw on specialist knowledge of underwriting appetites and can discuss factors that influence strata insurance cost, including building construction, location, occupancy, risk management and prior claims.
How we approve brokers
We partner with brokers who hold appropriate Australian licensing or are authorised representatives. We have a process for validating the legitimacy of our referral partners.
How we assign your broker
When you enquire, we refer your enquiry to a participating broker. Allocation may take account of your selected product category, geographic service area, broker availability and capacity, timing, and account and bidding settings. For example, high-rise residential, mixed-use, commercial strata or small schemes may require different market approaches. Your broker can discuss the strata insurance requirements relevant to your state or territory. Our aim is to connect you with a broker positioned to obtain relevant strata insurance coverage options efficiently.
What you can expect from your broker
Your broker should explain the scope of cover in plain language, provide key documents such as the Product Disclosure Statement and, where applicable, advice documents, and outline any fees and commissions. Ask your broker about update arrangements, support with valuations and risk information, and assistance coordinating strata insurance claims from lodgement to outcome. They can compare proposals, discuss excesses and inclusions, and help you weigh the trade‑offs between premium, coverage depth and policy conditions without pressure to proceed.
Strata Insurance Cover in Australia | Get a Quote Today is a broker connection platform designed to help you access informed options with confidence. Start your enquiry now, and if you are an experienced strata broker, you are welcome to learn about joining our network and review the site’s Leads Tour to see how we support quality introductions.
Q: What does strata insurance cover in Australia? A: It typically covers the building and common property, legal liability and selected fixtures. Optional benefits may include office bearers’ liability. Check each insurer’s PDS for exact strata insurance coverage.
Q: Is strata insurance mandatory in Australia? A: Most states and territories require strata schemes to hold building and liability cover under strata insurance regulations. Specific strata insurance requirements vary by jurisdiction.
Q: How much does strata insurance cost per year? A: Strata insurance cost depends on building size, construction, location, occupancy, risk management and claims history. A broker can source strata insurance quotes and explain premium drivers.
Q: How do I file a strata insurance claim? A: Notify your broker or insurer promptly, provide incident details, photos and repair quotes. Your broker can help lodge and manage strata insurance claims and communicate insurer requirements.
Q: What is the difference between strata insurance and building insurance? A: Strata insurance covers the shared building and common areas for multiple lots. Separate contents or landlord insurance may be needed for individual lot contents and personal liability, depending on your circumstances and the policy terms.
Q: How does a broker compare providers? A: They conduct a strata insurance comparison across suitable strata insurance providers, assessing coverage terms, excesses, service and price, then outline options aligned to your scheme’s needs.
How we are remunerated
We do not charge consumers a fee for submitting an enquiry through our service. Instead, participating brokers pay us for enquiries referred to them, with this cost forming part of the broker's marketing and advertising expenses. The amount payable is determined through our broker bidding system, which allows our approved broker panel to set the market price they are prepared to pay for different types of enquiries and locations. Brokers can also set budgets and adjust their bids according to factors such as the day of the week, time of day and the number of enquiries they have recently received.
Our bidding system is designed to do more than simply identify the highest bidder. Dynamic bids and budget controls help brokers manage the number and timing of enquiries they receive according to their capacity, while our allocation process takes these settings and other relevant matching criteria into account when determining which eligible broker receives an enquiry. This helps us operate an efficient referral marketplace in which lead prices are set by participating brokers, while directing enquiries to an appropriately licensed and vetted broker from our panel who is available, has capacity and is better positioned to respond in a timely manner. The amount a broker is prepared to pay for an enquiry does not affect the insurance premiums, products or options they may subsequently discuss with you.
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 reviews should not only check premium changes. For owners corporations and strata committees, current reinstatement valuations, accurate sums insured and an understanding of underinsurance risk are central to keeping cover aligned with the property and its legal obligations. - 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
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 schemes are a popular form of property ownership in Australia, particularly in cities where high-density living is common. A strata scheme is essentially a building or collection of buildings that allows for individual ownership of a part of the property, combined with shared ownership of common areas. Residents coexist in a community and collectively manage shared spaces such as gardens, driveways, or facilities. - read more
Knowledgebase
Depreciation: The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.
