Made for Owners Corporation / Body Corporate
Residential
Strata Insurance
Protect your building and communal space with cover tailored for strata living
100% of legitimate claim success rate
Trusted by Aussie landlords
Hassle-free policy management
Fast response time
Gold standard in claims process
Trusted by Aussie landlords
Hassle-free policy management
Fast response time
Gold standard in claims process
Comprehensive cover for Strata Properties
Residential strata insurance protects your building and the community from everyday risks and unexpected events.
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What does Residential Strata Insurance cover?
Building and common property
Roofs, walls, driveways, lifts, pools, gyms, and shared facilities
Public liability
Injury or property damage on shared spaces
Voluntary workers coverage
If a volunteer is injured while helping on-site
Office bearers liability
Liability protection for those serving on the strata committee
Legal expenses
Cover for legal defence costs related to strata matters
Why choose Duo Insurance for your Strata Residential Property?
Duo Insurance delivers tailored protection and expert service so you can focus on your property, not the paperwork.
- Clients claim advocation
- Expert advice
- Efficient claims process
How to take out policy?
Obtain a quick quote
Get an estimated premium by providing essential property details online.
01Finalise your application
Complete all necessary information, review policy terms, and submit your application.
02Protect your property
Once approved and payment is made, your policy is active, safeguarding your investment.
03Quick resources
Frequently Asked Questions
What is residential strata insurance?
Residential strata insurance is designed for strata-titled properties such as apartments, townhouses, and units. It covers the building and common property that are collectively owned by the owners corporation, as outlined in the applicable Product Disclosure Statement (PDS).
What does strata insurance typically cover?
Strata insurance generally covers the building structure, common areas, shared fixtures, and services. This may include walls, roofs, lifts, stairwells, car parks, and shared facilities, for loss or damage caused by insured events such as fire, storm, impact, and escape of liquid, subject to policy terms and exclusions.
Are individual lot owners’ contents covered under strata insurance?
No. Strata insurance does not usually cover personal contents belonging to individual lot owners or tenants. Lot owners may need separate contents or landlord insurance to cover items within their lot that are not insured under the strata policy.
Does strata insurance include legal liability cover?
Yes. Residential strata insurance typically includes legal liability cover for claims arising from injury or property damage occurring in common areas, where the owners corporation is legally responsible. Cover is subject to policy limits, conditions, and exclusions detailed in the PDS.
What is catastrophe or reinstatement cover in strata insurance?
Strata policies generally provide reinstatement cover to repair or rebuild the property following a major insured event. This may include additional benefits such as professional fees, demolition costs, and compliance with current building regulations, subject to policy limits and conditions.
Is strata insurance compulsory for owners corporations?
In most Australian states and territories, owners’ corporations are legally required to hold strata insurance that covers the building and common property. Requirements vary by jurisdiction, so owners’ corporations should ensure their cover meets relevant legislative obligations.
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