At Consolidated Insurance Brokers we specialise in Strata Insurance!
What is Strata Insurance?
Body Corporate insurance, also called Strata insurance, is a type of insurance for multi-unit complexes. This includes bodies corporate all the way from duplexes up to skyscrapers. It provides the chance to repair or rebuild damaged buildings, including damage from leaking pipes. It also includes a host of extra benefits such as lost rental income, legal liability, embezzlement of body corporate funds and government audit costs.
Who Needs Strata Insurance?
Every body corporate requires body corporate insurance. In most states and territories it is a legal requirement to have full cover for the replacement value of the building, unless this requirement has been formally divested to each unit owner (often by a solicitor’s document).
How can CIB help me?
Our trained insurance brokers at CIB are able to take your details to the insurance market and find quality body corporate insurance at a fair price. We deal with several insurers who deal exclusively through insurance brokers, giving you access additional options. In addition, we will be able to assist with your annual re-quoting and any claims that the body corporate suffers.