Strata Insurance
Residential and Commercial Strata Insurance
Residential and Commercial Strata Insurance, also known as Body Corporate insurance, is compulsory in most states of Australia. While each state or territory has different legislative requirements for strata titled properties, it falls on the owners and committee members to ensure that they have a policy which meets those requirements.
Strata laws, legislation, and requirements vary from state to state. This is part of what makes them such a complicated and confusing insurance policy to find one that is right for your strata organisation.
For example, in NSW a strata-titled property must hold an insurance policy which covers the Building, Common Property, Liability, and Voluntary Workers.
We can also provide additional coverage for:
- Fidelity
- Office Bearers Liability
- Machinery Breakdown
- Catastrophe Insurance
- Government Audit and Legal Expenses
- Flood Cover Extension
- Paint / Internal Wall Coverings Extension
Whether you are a Residential, or Commercial strata organisation, or under a Community Association, we can help provide you with an insurance solution that covers you. Lake Macquarie Insurance Services takes the time to find an insurance solution that suits the needs of your committee, and are there for you to help with claim lodgement, management and resolution.
To find out more about strata insurance, or to obtain a quotation, please contact us by email, or by completing our Contact Us form.