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Resources for Strata Insurance Australia
Explore a variety of valuable resources related to strata insurance and broader insurance options in Australia. Whether you are a property owner, stakeholder, or investor, this page offers informative links to enhance your knowledge and satisfy your insurance needs.
Financial Services Online is a comprehensive resource that shines light on various facets of strata insurance in Australia. Offering insights and updates, this site ensures you stay well-informed about the intricacies of insurance strategies and policies.
Visit Insurance for Strata to dive deeper into specialized information surrounding strata insurance in Australia. Perfect for anyone needing specific details about policy comparisons and benefits, helping you make informed decisions with ease.
Professional Indemnity Insurance Online tailors solutions for professionals seeking reliable indemnity coverage. This is crucial for maintaining utmost protection throughout your professional endeavours linked to Australia's strata sector.
Dedicated to offering viable strata insurance options, Strata Insurance Online delivers unparalleled advice to make choosing the right policy straightforward and simple. Learn about coverage meant specifically for owners, managers, and committees navigating the Australian market.
The Liability Insurance site helps demystify complex topics concerns attached to liability insurance within strata arrangements. Investigate extensively detailed concepts catering to property liability, damage claims, and much more.
Offering protection and peace of mind with its specialized policies, Real Estate Agents Insurance Online focuses on securing realtors against every potential hazard present. Get to know tailored coverage solutions assisting real estate agents involved in strata dealings.
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Recent industry reports reveal that the insured value of strata properties in Australia has reached an estimated $1.4 trillion. This significant milestone underscores the growing prominence of strata living, with approximately 4.2 million Australians—about 15% of the population—residing in such properties. This marks an increase of 200,000 residents since 2022. - read more
Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms. - read more
Steadfast Group, Australia's largest general insurance broker network, has recently come under scrutiny following allegations of misleading clients through undisclosed financial arrangements. These claims have prompted the company to suspend trading on the Australian Stock Exchange, leading to a significant decline in its share price. - 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, 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 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
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
Knowledgebase
Claim Adjuster: An insurance professional who investigates and evaluates insurance claims to determine the amount the insurance company should pay.
