Residential Strata Insurance
Protection for your residential strata complex and body corporate, to ensure your investment is secure and compliant.
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Residential Strata Insurance
Rely on a reputable insurance broker
What is Commercial Building Insurance?
Residential strata insurance (also called body corporate insurance) is required by law for strata complexes, with the requirements differing by state across Australia. As strata insurance is often complicated, having a broker to assist with your needs is invaluable.
An experienced strata broker will be familiar with your local requirements, such as Queensland’s Body Corporate and Community Management Act 1997 and how they impact your insurance needs.
Residential strata insurance covers most of the risks that come with a strata complex like weather events, malicious damage, fire and injury in common areas.
What can be covered
- Rebuilding costs
- Public liability
- Damage to common areas/facilities
- Loss of rent for investors
- Temporary accommodation for owners occupiers
- Office bearers' liability
- Weather damage
- Misappropriation of funds (fidelity cover)
What may not be
- Inherent or latent defects
- Erosion or earth-moving
- Mould
- Deterioration, wear & tear
- Injury to, or caused by, animals in common areas
- Cyber-crime & data loss
- Murder or suicide on premises
Get started with Retail Insurance
Protection for your residential strata complex and body corporate, to ensure your investment is secure and compliant.
Residential Strata claim example
Ken is one of the owners in his unit complex with five other residents. A pipe bursts inside the unit above Ken, with water coming through and damaging Ken’s unit.
Ken lodges a claim on his home contents policy, which responds to pay for his general contents – but his insurer tells him they won’t cover damage to his carpets or fixed cabinetry which have been destroyed as these are classified as “building.”
Ken then reaches out to the insurance broker who manages the strata insurance for his complex. They lodge the claim for building items for Ken which fills in the gaps to restore Ken’s unit.
Under this same claim, the insurer also restores damaged carpets in the common area protecting all the owners against this unexpected cost.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James St, New Farm
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I was actually having trouble getting my work insurance on my own and was recommended consolidated insurance. Debbie Blanco was the person I delt with absolutely fantastic work. Within about 24 hours of talking to Debbie … More the first time she had found me great cover at a fantastic price and had my policy done paid and returned to me. I would highly recommend this company to anyone. Special thanks to Debbie for making the experience joyful and seamless a huge stress off my shoulders will be using Debbie for all my future insurance needs.
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Tracey was amazing with sorting out my business insurance! She ensured everything was compliant with what my landlord was asking for, and came back promptly with quotes from numerous insurers. Highly recommend if you're … More looking for a personal, fast experience 🙂
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Tracey and Consolidated Insurance Brokers’s team are the best - very quick responded and professional advised. You will get the best price of your home and/or commercial insurance with variety options that you can choose … More from them. The best decision for long term service.
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I can’t speak highly enough of Consolidated Insurance Brokers, especially Tracey. Her dedication, professionalism, and attention to detail were outstanding from start to finish. The level of communication was exceptional … More - clear, timely, and proactive - making the entire process smooth and stress-free.Tracey’s customer service went above and beyond, ensuring every question was answered and every concern addressed. A truly first-class experience. Highly recommended!
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Debbie from Consolidated Insurance Brokers always seems to be able to answer her phone. She turns deals around super quickly, knows her stuff, and delivers the cheapest most appropriate insurance. Highly recommend!
How can we help?
With access to a range of reputable insurers, and policies not available to the public, we can offer you a range of competitive residential strata insurance quotes.
We’ll help you compare the price with the coverage of your options, so you can decide.
For every new business quote and renewal, we break down all important changes and comparisons in plain English. Say goodbye to the uncertainty of not knowing when or if you’re covered.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.