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Residential Strata Insurance That Protects Your Building & Community

Specialist insurance for strata-titled residential properties across Australia, covering buildings, common property and shared liability.

  • Comprehensive cover for buildings and common areas
  • Protection for shared facilities and infrastructure
  • Public liability for strata owners corporations
  • Committee and office bearer liability options
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Request a Residential Strata Insurance Quote

No obligation. Cover tailored to your strata building and requirements.

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Australian insurance brokers
Cover aligned with strata legislation and body corporate requirements
Access to leading strata insurers
Understanding Your Cover

What Is Residential Strata Insurance?

Residential Strata Insurance provides comprehensive protection for strata-titled properties, covering buildings, common areas, shared facilities and liability risks specific to multi-unit residential complexes.

Unlike standard home insurance, strata insurance is designed to cover shared property and collective responsibilities, ensuring owners corporations, strata committees and individual unit owners are protected against financial loss, legal obligations and unexpected events. Cover is generally arranged as an annual policy covering the entire strata complex.

Is This For You?

Who Residential Strata Insurance Is For

This insurance is commonly arranged by:

Strata owners corporations and bodies corporate
Unit and apartment owners
Strata committees and management associations
Property managers overseeing multi-unit complexes
Developers managing strata properties during handover
Investors in strata-titled residential properties
Developers that hold strata complexes
Registered strata titled properties
Cover Options

What Does Residential Strata Insurance Typically Cover?

Building & Common Property

Cover for building structure, shared facilities, common areas and improvements against insured events.

Public Liability

Protection against claims from residents, visitors or contractors for injury or property damage in common areas.

Voluntary Workers / Committee Liability

Liability cover for strata committee members or volunteers performing official duties.

Office / Management Liability

Cover for administrative errors or breaches of statutory obligations.

Loss of Rent / Income (Optional)

Compensation for lost rental income where common property damage prevents occupancy.

Beyond the Basics

Additional Covers & Policy Extensions

Policy Options

How Residential Strata Insurance Is Structured

1

Annual Strata Policy

Covers the entire strata complex under a single policy.

2

Replacement Value Basis

Sum insured based on full replacement cost of buildings, common property and assets.

Policies may include sub-limits for liability, machinery breakdown or loss of rent, with excesses applying per claim or event. Compliance with building codes, fire safety standards and risk management procedures is typically required.

Why It Matters

Tailored residential strata solutions

Protects owners and committees from major financial loss

Covers rebuilding and legal costs for common property

Provides peace of mind for residents and investors

Supports compliance with strata legislation

Ensures continuity of property management and operations

Protect Your Strata Building With Confidence

Speak with a broker who understands strata risk and compliance.

Get My Residential Strata Insurance Quote

Important: Residential Strata Insurance does not automatically cover individual unit contents, intentional or illegal acts, wear and tear, maintenance failures or pre-existing damage. Coverage, limits and exclusions vary between insurers. Advice from an insurance broker is recommended to ensure policies align with strata size, building type, facilities and regulatory obligations.

FAQ's

Residential strata insurance covers the building structure, common property and shared facilities within a strata-titled residential complex. This typically includes common areas, shared walls, roofs, lifts, stairwells, pools and other communal assets, as well as public liability for injuries occurring in common areas.
In most Australian states and territories, strata legislation requires owners corporations or bodies corporate to hold strata insurance. Requirements vary by jurisdiction, but failure to maintain adequate cover can expose owners and committees to significant financial and legal risk.
The owners corporation or body corporate is responsible for arranging and maintaining strata insurance. This is often managed by a strata committee or appointed strata manager on behalf of all owners.
Common property generally includes shared areas and structures, such as:
No. Individual unit contents are not covered under residential strata insurance. Owners and tenants should arrange their own contents or landlord insurance for personal belongings, internal fixtures and improvements not defined as common property.
Strata insurance typically includes voluntary workers or committee liability cover, which protects committee members against claims arising from acts performed in good faith while carrying out official duties. It does not cover intentional wrongdoing or illegal acts.
The sum insured is usually based on the full replacement value of the building and common property, including demolition, debris removal, professional fees and rebuilding to current codes. A professional valuation is strongly recommended to avoid underinsurance.
Premiums are influenced by several factors, including:
If you need to make a claim, contact Seguro Insurance Brokers directly. Our team will guide you through the claims process, help you gather the required documentation and liaise with the insurer on your behalf to ensure your claim is handled efficiently.
Strata insurance generally does not cover:
Claims are typically lodged by the strata manager or committee on behalf of the owners corporation. The insurer assesses the claim, applies any excess, and coordinates repairs or settlement in accordance with the policy terms.
Flood cover may be included or optional depending on the insurer and location. Buildings in high-risk areas often require specific endorsements or sub-limits, making professional advice essential.
Yes, loss of rent or alternative accommodation cover can be included as an optional extension when damage to common property prevents occupancy of units.
Strata insurance should be reviewed annually, or sooner if there are major building upgrades, changes to facilities, updated valuations or legislative changes.
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