Strata insurance generally covers common or shared property as defined on the title of the property. This might include common areas, lifts, pools, car parks, gardens, wiring, balconies, walls, windows, ceilings and floors. Strata insurance must provide liability cover in the event people are injured on common property.
Thiedeman Insurance Solutions works with a number of insurers & underwriting agencies in Australia to negotiate cover on your behalf. We are always looking at risks in a different way, to develop coverage solutions that reduce your financial exposure.
Depending on the requirements of your building, an effective strata policy should cover:
- Building and Common Contents
- Legal Liability
- Fidelity Guarantee
- Personal Accident (Voluntary Workers)
- Machinery Breakdown
- Officer Bearer’s Liability
- Body Corporate Costs