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Strata Insurance

Strata insurance gives a comprehensive protection for your strata community. Safeguard your strata title properties from unexpected incidents. Trust Elliott Insurance Brokers to guide you to the right Strata Insurance for both commercial and residential properties.
strata insurance cover

What does Strata Insurance cover?

As brokers, we guide you to the right Strata Insurance which generally provides coverage for:

Building and Common Property: Protection against damage or loss to buildings and common property due to a variety of events like fire, storm, or vandalism.

Public Liability: Covering legal liability if someone is injured or their property is damaged within the common areas of your strata property.

Office Bearers’ Liability: Protecting the personal assets of voluntary office bearers from wrongful acts claims.

Machinery Breakdown: Coverage for damage or breakdown to machinery in your strata property.


Why Strata Insurance Matters

Being equipped with Strata Insurance offers many benefits:

.. Strata Insurance provides broad coverage for property owners within the strata scheme, providing protection against unforeseen events that might impact the property.
... Any accidents that occur within the common areas of the strata property can be covered under the public liability clause of the Strata Insurance policy.
... Voluntary office bearers are shielded against personal liability claims with Office Bearers’ Liability coverage, adding another layer of security.
.. Essential machinery within the strata property is also covered, safeguarding against unexpected breakdowns.
.. Every strata is unique and so are its insurance needs. As experienced brokers, Elliott Insurance Brokers can guide you to a tailored quote that meets your strata's specific needs.
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Why Choose Elliott Insurance Brokers For Your Strata Insurance Needs

At Elliott Insurance, we provide:

elliott strata insurance

Expertise in Strata Insurance

Our team comprises knowledgeable professionals who understand the intricacies of Strata Insurance. We are well-positioned to guide you towards the ideal coverage for your unique strata circumstances.

Extensive Coverage

We guide you to comprehensive Strata Insurance, providing broad protection against a range of potential liabilities. Whether your strata scheme is small or large, residential or commercial, we can help you find the right coverage.

Customised Policies

We, at Elliott Insurance, understand that insurance isn't a one-size-fits-all solution. We'll guide you to a custom quote, tailored to align with your specific strata needs and risks, ensuring utmost protection for your properties.

Exceptional Customer Support

Our commitment to delivering exceptional customer service sets us apart. Whether you need assistance with your Strata Insurance quote, have a query about your policy, or need support with claims, our dedicated team is always on hand to help.


Common Risks Covered by Strata Insurance

Strata Insurance aims to cover common risks such as:

.. Events like storms, fires, or floods can cause significant damage to strata properties. Strata Insurance can cover repair or replacement costs.
... This coverage protects against the financial consequences of vandalism or malicious damage to your strata property.
... Accidents can happen. If someone is injured or their property is damaged in the common areas of your strata property, you may face a liability claim.
.. Breakdown of machinery can lead to expensive repair or replacement costs. With Strata Insurance, these costs can be covered.

Is Strata Insurance Right for My Strata Scheme?

Strata Insurance is essential for any strata scheme. It offers vital protection to both the strata title and individual property owners within the strata. We can help you determine whether Strata Insurance is right for your strata scheme and guide you in selecting the right coverage.

strata insurance scheme

Frequently Asked Questions

What is Strata Insurance?

Strata Insurance, also known as Body Corporate Insurance, is a type of insurance that provides cover for buildings and common areas in a strata title or body corporate property, including residential and commercial properties.

Who needs Strata Insurance?

If you are part of a strata scheme, including residential apartments, townhouses, or commercial strata such as office blocks or retail complexes, you will need Strata Insurance. This insurance provides essential coverage to both the strata title and individual property owners within the strata.

How much does Strata Insurance cost?

The cost of Strata Insurance can vary greatly depending on the size and location of the property, the amount of cover required, and other factors. As brokers, we at Elliott Insurance Brokers can guide you to the right Strata Insurance policy that fits your budget and meets your needs.

What if the strata has both residential and commercial tenants?

Strata schemes that include both residential and commercial units may have unique insurance needs due to the varied nature of risks involved. It's crucial to ensure your Strata Insurance policy covers all potential risks for both types of properties. At Elliott Insurance Brokers, we can guide you towards a comprehensive Strata Insurance policy tailored to cover the specific needs of mixed-use strata schemes.