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

CIB staff e1639633924148 | Commercial Property & Building Insurance Broker

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

5.0 472 reviews

  • Avatar Jen Gower ★★★★★ 3 days ago
    Jim was able to negotiate a much lower premium than my previous insurer (with better cover). His advice and communication was clear and straightforward. Highly recommend his service.
  • Avatar Roelie Schrijnders ★★★★★ a week ago
    We have dealt with Tracey on several occasions, and each and every time she has been such a pleasure to deal with. Always helpful, positive and everything provided in a timely manner. She follows up where needed and usefull … More without ever being pushy.
  • Avatar Parthesh Patel ★★★★★ 3 weeks ago
    I have been dealing with Debbie Blanco in Consolidated Insurance Brokers. She has always been very helpful with any query or questions. I would highly recommend her for excellent customer service, product & service knowledge, … More prompt in responding, great in communication, and always comes up with competitive insurance deals / prices.
  • Avatar Carmel Drake ★★★★★ a month ago
    Our business insurance has been handled by Consolidated Insurance Brokers for many years now. This year Aimee Spencer made our yearly renewal very easy with her guidance in our understanding of exactly what was covered and … More included with each Company's different Quotes. Appreciated .... thank you!
  • Avatar Tina B ★★★★★ a month ago
    We've been using Consolidated Insurance Brokers for quite a few years now. I would certainly recommend them to everyone. Whenever I have a question, nothing is too much trouble. From my original working with Sheryll, … More to more recently with William and now our recent working with Karen with a claim that we needed to make. She was there every step of the way for us, answered all my questions and provided guidance for us. And she coordinated with our insurance company. As I said, we would not hesitate to recommend, very professional all the way. (Montezuma's Ipswich)

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