Residential Strata Insurance

Protection for your residential strata complex and body corporate, to ensure your investment is secure and compliant.

What is Residential Strata 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.

residential strata insurance common area

What can be covered

What may not be

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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.

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.

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Our Specialty

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.

Great advice

As brokers, it's our job to give advice. We always aim to deliver great, not just 'good', advice.

Your partner

We manage your insurances so you don't have to — save precious time and effort.

clear terms

Your renewals, quotes and policies will be delivered in clear, easy English — no more confusion.

full cover

With a broker, you get more comprehensive cover and benefits not available if buying directly.

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

What our Customers Say

109 James Street, New Farm

5.0 246 reviews

  • Avatar Mr J ★★★★★ a week ago
    Dealing with Natasha made sorting out my insurance as painless as it could have ever possibly have been.Natasha gave me multiple options and choices, also adding her opinion of pitfalls to be mindful of.Being our first commercial … More property purchase, I was extremely lucky to be talking with Natasha, who has an outstanding and wide knowledge of commercial properties and associated insurance.To my amazement, Natasha also offered all these options in under an hour, which I found stunning!The lost art of PR and courtesy is alive and well here.Thank you SO much for being you !Jay, Adelaide SA
  • Avatar Kymberlei Goodacre ★★★★★ a week ago
    I found Tracey communicative, efficient and friendly. The quotes received were competitive and the material provided easy to read and understand. My email queries were answered responsively with the information I sought. … More For a busy professionals looking for insurance - these are the brokers I recommend.
  • Avatar Melissa Park ★★★★★ 3 weeks ago
    Karen has been handling our business insurance for past few years and has always been a pleasure to deal with. She is professional and always manages my queries and requests in a timely manner. I would definitely recommend … More her and CIB.
  • Avatar naran patel ★★★★★ 4 weeks ago
    Great customer service from Natasha Nielsen 5/5. She explained the ins and outs for my landlord insurance that allowed me to go for the most prudent package. I wished I heard about this firm earlier.Any future insurance deals/renewals … More I will giving them a call first!
  • Avatar Susan Vlack ★★★★★ 4 weeks ago
    Standard insurance packages did not cover my business needs, leaving me vulnerable. Debbie quickly sorted it out and provided good options. Highly recommended. Big Thankyou, Debbie!

Learn more about Residential Strata Insurance

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