- Registered strata schemes
- Primarily residential properties, with no more than 19% commercial floor space
- Building sum insured of up to $25 million
- Liability cover of up to $30 million
- Buildings constructed after 1970 are generally eligible, while pre-1970 buildings may also be considered if they have been rewired and replumbed
Our strata insurance is designed to meet legislative requirements and protection across a range of covers, including:
Building and Common Area Contents
- Optional Extensions of Cover
- Catastrophe cover
- Flood
- Storm surge
- Floating floors
- Legal Liability
- Defence costs and court attendance costs
- Recreational activities
- Services
- Car park liability
- Fertiliser, pesticide, herbicide application
- Wheelchairs, garden equipment and unregistered vehicles
- Hiring out of sporting and recreational facilities
- Machinery Breakdown (Optional)
- Expediting costs
- Insulating oil and refrigerant cost
- Cost to resume or maintain operation
- Demolition and removal of debris
- Fidelity Guarantee
- Care, custody and control
- Court attendance costs
- Interest on loss
- Investigation costs
- Voluntary Workers
- Accidental death
- Serious injury
- Temporary Total disablement and temporary partial disablement
- Domestic assistance
- Dependent child supplement
- Orphaned benefit
- Funeral expenses
- Office Bearers Liability (Optional)
- Advance payment of defence costs
- Continuous cover
- Extended reporting period
- Retired or resigned office bearers
- Spouses, estates, and legal representatives
- Inquiry costs
- Legal Defence Costs
- Workplace Health and Safety Appeal Costs
- Government Audit Costs
- Extended reporting period
- Statutory liability costs
- Residential Strata Schemes
- New Developments due to Register
This insurance product has been designed for Body Corporate / Owners Corporations who are the legal owner(s) of a strata title development and Common Property incorporated under the Strata Schemes Management Act (NSW), Owners Corporation Act (VIC), Body Corporate and Community Management Act (QLD), Community Title Act (ACT), or similar state legislation which applies where the Lot/ Unit is situated.
- Non-registered Strata residential buildings, other than new developments undergoing registration
- Mixed use buildings where the commercial floor area is 20% of more
- Risks not situated on mainland Australia or Tasmania
- Buildings Pre–1970 without evidence of rewiring and re-plumbing
We have dedicated third-party claims service provider that will assist you with your claims. You can contact them directly with any claim enquiries at Risksmart Claims.
Contact our dedicated underwriting team at strata@victorinsurance.com.au
Jodie Richardson
Head of Strata
t: +61 486 017 247
e: strata@victorinsurance.com.au
Fleur Azer
Senior Underwriter
t: +61 (2) 8864 8243
e: strata@victorinsurance.com.au
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