Residential strata insurance (also known as body corporate cover in some states) is general insurance that covers common property under the management of a strata title or body corporate entity. Owners of strata titles typically share the premium costs of strata insurance as part of their strata.
Policy Features of Residential Strata Insurance
Strata premiums are determined by the type of building and general amenities provided (e.g. Pool, Tennis Court etc), and all insurers charge a minimum premium in this regard.
We believe we have negotiated highly competitive Residential Strata Insurance premiums, and will continue to monitor premium levels available in the market to ensure this remains the case. Please click on the "Get Quote" link to obtain a quote quickly.
All Body Corporate's should have adequate levels of Residential Strata Insurance covering both the Building/s and Public Liability exposure in common areas. A Residential Strata Insurance policy will protect the body corporate members in the event that the building is damaged and/or someone is injured on the premises and in common areas.
We have designed the Insurance application process so it only takes an average of 5 minutes to complete your application. In most cases your application will be instantly approved online, and you can print your Confirmation of Insurance to prove to clients and prospects that you have the requisite cover in place... It's that easy!! All other documentation, such as your tax invoice, policy schedule and policy wording will be emailed directly to you for your records.
If the policy can't be issued immediately because we require further information, we will contact you generally on the same day.
Approximately one month prior to the renewal of your policy you will receive a renewal reminder email with a link that will allow you to review your previous years cover and renew the policy even quicker!
* We have minimized the number of referral situations so that most applications will be automatically accepted. However, if you do have prior claims or provide services to high risk industries we will contact you to facilitate completion of your application personally with the Insurer.
Your Residential Strata Insurance policy is arranged by Express Insurance acting as an agent of both Hollard Insurance Company Pty Ltd (ABN 78 090 584 473) and Berkley Insurance Australia, a registered business name of Berkley Insurance Company (ABN 53 126 559 706) and part of the W.R.Berkley Corporation.
Both Hollard and Berkley underwrite significant portfolios of general insurance business in Australia. They are fully authorised and regulated by the Australian Prudential Regulator Authority (APRA) which is the prudential regulator of the Australian financial services industry.
The financial strength rating of Berkley Insurance Australia is "A+ (Strong)" by Standard & Poor's.
The financial strength rating of Hollard Insurance Company Pty Ltd is "A-(Excellent)" by A.M.Best.
We will work with you to ensure that claims are handled in a professional manner and that you get a fair outcome from the Insurer. The first step is to lodge your claim as outlined below.