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Strata Insurance

We’ve been protecting and supporting Australians for almost 100 years

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Do I need Strata Insurance?

When you own a home that shares common property, things can get complicated. If buildings, outdoor areas or items are damaged, you want to make sure you have cover in place.

That’s why our Strata Insurance - associated with body corporates or owners corporations - covers residential buildings within a complex and its common areas such as garages, driveways and swimming pools. You can also add cover for common contents, such as lawnmowers and washing machines.

Strata Insurance is a legal requirement and normally the responsibility of the strata title owners, with the cost split between the individual unit owners. If you live in one of the following, chances are you need Strata Insurance.

Townhouse

Unit/Flat

Apartment

Duplex

Insured Events

  • Flood
  • Fire
  • Malicious acts of vandalism
  • Impact
  • Storm
  • Theft and burglary
  • Damage by an animal
  • Riot, civil commotion or public disturbance
  • Explosion
  • Escape of liquid
  • Lightning
  • Accidental breakage of glass
  • Earthquake and tsunami

What am I covered for?

Cover Type

Amount

Accidental damage at the unit

Amount nominated by you

Loss or damage from incidents such as floods*, storms, fires and theft#

Amount nominated by you

Legal liability

Up to $20 million

Loss of rent

Up to 10% of the building sum insured and for no longer than 52 weeks

Temporary accommodation for unit owners

Up to 10% of the building sum insured and for no longer than 52 weeks

Office bearer’s liability

Up to $1 million

Resilience improvements

Up to $10,000 of net costs

Common contents

Amount nominated by you

View disclaimers

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Product Disclosure Statement

This is just a summary, for full details of what is and isn't covered please refer to the Strata Insurance Product Disclosure Statement (PDS)

Ways to save

We’re committed to protecting what matters to you most – every day. That’s why we offer a range of ways that you can save, when you insure your home with us.

Read more

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Important Information

#We do not insure you for bushfire, storm, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply.

Insurance is issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. Information provided is general advice only and has been prepared without taking into account any person's particular objectives, financial situation or needs. Please read the relevant Product Disclosure Statement before making any decision regarding this product.

*Actions or movements of the sea and storm surge are not covered (unless the storm surge damage occurs at the same time as damage caused by storm) other exclusions apply.

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