Understanding Our New Suncorp Strata Insurance PDS

Introducing the new Suncorp Strata Insurance Product Disclosure Statement (PDS) for policies renewing on or after 25 March 2021. The PDS is an important legal document that contains details of the product you purchase so you need to read it carefully.

The purpose of this page is to advise you of the various changes that we have made to our Suncorp Strata Insurance PDS.

We’ve changed the layout of the PDS to help make it easier to understand. We have also made other changes to the policy – we have updated some of the wording to make it clearer and we have added and changed some covers, conditions and exclusions.

Below are some of the sections in the PDS where we have made changes (some section names have changed):

For full details, please refer to your PDS.

The information above is not a complete list of the changes to your Suncorp Strata Insurance. For full details of what is and isn’t covered, please read the Suncorp Strata Insurance Product Disclosure Statement (PDS). Consider the PDS before making a decision about this insurance. The Target Market Determination is also available.

Building or common contents not in good condition

The exclusion ‘Building or common contents not in good condition’ has been added in order to improve transparency. An example in the general exclusion has been updated to ‘the roof leaks when it rains’ and a fresh example of ‘the building (including all sheds, outbuildings and any other structural improvement at the insured address) is not structurally sound or is unsafe or unfit to live in’ has been added.

This exclusion has replaced the previous exclusion ‘Failing to take care of your building or common contents’.