Stratas nationally recognized Property habitational program provides coverage for apartment complexes, condominiums, townhomes and limited-service hotels/motels. Limits as high as $5M per location are offered with a broad range of coverage and deductible options.
Strata insurance policies protect areas and structures collectively owned, ensuring damage or liability issues affecting multiple residents are addressed. This typically includes hallways, elevators, lobbies, stairwells, parking structures, gardens, and recreational facilities.
Residential Strata Insurance Our residential strata insurance provides owners corporations with comprehensive coverage options tailored to apartment buildings, unit complexes, townhouse developments, and mixed-use residential properties.
MI Strata Insurance is for residential strata, body corporate and community title residential buildings, like apartments and townhouses. That means that it covers more than a single unit for accidental loss or damage or for loss or damage caused by insured incidents.
If you own or rent an apartment, townhouse, unit or any other dwelling in a residential complex, you may be unsure what's protected by your strata's insurance and what you may benefit from on top of this.
Renting your strata apartment on platforms like Airbnb in NSW is a viable option, but it requires careful adherence to a complex regulatory landscape.
The cost of insurance for your property can vary considerably from one provider to another, but policies with higher premiums do not necessarily provide a higher level of cover. Its important to shop around and obtain quotes when selecting strata scheme insurance for your building, in...
Plumbing issues in your Sydney strata apartment? Learn whether you or the strata are liable for the costs with our informative guide.
