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CHU Enhances Strata Insurance Coverage for Larger Properties

Significant Capacity Increase to Support Expanding Strata Developments

CHU Enhances Strata Insurance Coverage for Larger Properties?w=400

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CHU, Australia's leading strata insurance underwriting agency, has significantly increased its capacity to insure larger residential and commercial strata developments.
The company has raised its maximum single risk capacity from $300 million to $690 million, more than doubling its previous limit.
This expansion applies to CHU's strata insurance policies across both residential and commercial properties, encompassing all property-related sections under a single policy, including insured property, catastrophe cover, and lot owners' fixtures and improvements.

This strategic move addresses the evolving profile of strata developments in Australia, where larger and more complex buildings are becoming increasingly common. By enhancing its capacity, CHU aims to provide comprehensive insurance solutions that meet the needs of these substantial properties, offering peace of mind to property owners and investors.

In addition to the capacity increase, CHU has introduced an indicative pricing feature designed to streamline the broker workflow. This tool provides brokers with a non-binding premium estimate before submitting a risk for full underwriting assessment. Available on CHU's self-service platform, the feature offers an initial view of pricing, enabling brokers to make informed decisions about proceeding with formal referrals. This innovation is expected to enhance efficiency and transparency in the insurance quoting process, ultimately benefiting both brokers and their clients.

These developments reflect CHU's commitment to adapting to the changing landscape of the strata insurance market and its dedication to supporting the growth and resilience of strata communities across Australia.

Published:Saturday, 21st Mar 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Depreciation:
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