How can non-strata insurance save money for landlords?

Non-strata insurance can save landlords significant money by accurately aligning the cover to the specific risks associated with individually-owned properties. By leaving the domain of broad-brush strata policies, you can avoid paying for coverage you don’t need and enjoy an appropriately tailored, cost-effective policy. 

Consider the example of a client initially paying $6,500 on insurance for a $1.75 million property. With the switch to non-strata insurance, the client dramatically reduced their costs to just $5,500 – a significant saving. 

This solution also enhanced their loss of rent coverage to an impressive 15% of the building’s insured value. This kind of savings is typical in transitioning from strata or commercial packages to a non-strata policy. 

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