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 licensed insurance brokers who specialise in 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, 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 the market 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, maintain professional indemnity cover, and demonstrate experience with strata insurance policy placement and claims support. Our due diligence reviews service standards, compliance processes, and familiarity with strata insurance requirements and regulations nationwide. Brokers agree to clear communication, transparent remuneration disclosure and privacy safeguards consistent with Australian regulatory expectations.
How we assign your broker
When you enquire, we consider your property type, location, scheme size and priorities to match you with a suitable broker. For example, high-rise residential, mixed-use, commercial strata or small schemes may require different market approaches. We also take into account state-specific strata insurance regulations so you receive guidance aligned to NSW, VIC, QLD, SA, WA, TAS, ACT or NT requirements. 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. Expect timely updates, 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. A standalone building or contents policy is usually needed for individual lot contents and personal liability.
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.
Fresh industry attention on insurance affordability in northern Australia has reinforced a message many strata communities already understand: premium relief is not delivered by a single reform, even where government-backed risk sharing is in place. For apartment buildings, townhouse complexes and mixed-use strata schemes exposed to cyclone, storm surge, flood or severe rainfall, insurers are still looking closely at the physical characteristics of each building before deciding price, excesses and available cover. - read more
The latest industry attention on Australia's cyclone reinsurance arrangements is a timely reminder that premium relief for strata schemes is rarely driven by one policy lever alone. The cyclone pool was designed to reduce insurer exposure to cyclone-related losses in higher-risk regions, particularly across northern Australia. However, for owners corporations and body corporates, the practical impact can still vary sharply from building to building. - read more
Urbanise’s latest market update has put another spotlight on the growing role of digital systems in strata and facilities management. While the announcement is not an insurance product launch, it is highly relevant to owners corporations, strata committees and body corporates because the quality of building data is increasingly connected to the way insurance risks are assessed, priced and managed. - read more
Australia’s insurance sector has again turned attention to disaster resilience, warning that affordability and availability pressures will remain difficult to ease unless more is done to reduce the physical risk faced by homes, apartments and shared buildings. For strata schemes, the message is especially relevant: premiums are not only shaped by insurer appetite, but also by how vulnerable a building is to flood, storm, cyclone, bushfire and water damage. - read more
Strata insurance, also known as body corporate insurance, is a form of cover specifically designed for properties that share ownership or have multiple units. It typically covers the building and common areas, along with liability protection. This includes areas such as the roof, stairwells, lifts, driveways, and shared spaces in residential complexes, units, or apartments. - read more
Strata insurance is a specific type of insurance designed to cover shared property and common areas within a strata-titled property. This includes coverage for dwelling structures, common hallways, roofs, and sometimes even shared swimming pools or gardens. - 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
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
Knowledgebase
Deductible: The amount you must pay out-of-pocket for expenses before your insurance company covers the remaining costs.
