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Strata Insurance

🏢 Strata Insurance – Customised Body Corporate Cover with WebInsure

✅ Strata Insurance Tailored to Your Building and Body Corporate Needs

At WebInsure, we understand that no two strata buildings are the same. 🏙️
Whether you’re managing a high-rise apartment, townhouse complex, or a small duplex, strata insurance requires careful tailoring to protect your building, your residents, and your body corporate committee.

We work across multiple strata insurers to design cover that fits both your building’s structure and your budget. Often, we combine policies to deliver the right protection at the best price. 💰

Strata insurance is highly regulated—our expert advisers ensure your cover complies with government requirements.

📚 What Does Strata Insurance Cover?

A typical WebInsure strata package can include:

🛡️ Public Liability Insurance

Covers:

  • Injury to residents, visitors, and contractors on common property

  • Damage to third-party property caused by the building or body corporate operations

🔥 Building & Property Insurance

Covers:

  • Fire, storm, hail, accidental damage, and malicious damage

  • Common area buildings, fences, pools, and shared facilities

  • Contents of shared areas like gyms, foyers, and storage spaces

👥 Directors and Officers Protection

Protects body corporate committee members from:

  • Personal liability claims

  • Mismanagement allegations

  • Financial loss related to governance decisions

💸 Loss of Profits / Consequential Loss Insurance

Covers:

  • Lost rental income from common areas after an insured event

  • Additional expenses incurred while repairing damages

📱 Portable Items Cover

Covers:

  • Body corporate-owned mobile phones, laptops, and tools

  • Employee and contractor personal items (if specified)

❤️ Personal Accident & Illness / Income Protection

Covers strata employees or volunteers in case of injury or illness during body corporate duties.

🏥 Statutory WorkCover Support

We can assist with premium funding options to help you pay WorkCover premiums and other statutory insurance costs.

💳 Pay by the Month Premium Options

WebInsure offers flexible monthly payments through a range of premium funding providers, helping your strata body corporate manage cash flow more easily. 📅💰

🏢 Can My Strata Be Covered?

✔️ Most strata buildings can receive an indicative quote within 48 hours.
✔️ For complex strata risks, such as:

  • Cyclone-prone locations

  • Multi-story buildings exceeding $50 million sums insured

  • Coastal properties with elevated storm risk

👉 Quotes may require submission to specialist or overseas insurers, which can take up to 30 days.

We cover:

  • 🏙️ Large multi-story apartment complexes

  • 🏘️ Townhouse communities

  • 🏠 Duplexes and small-scale strata

⭐ Why Strata Insurance is Essential

✔️ Government-Regulated Cover

Strata insurance is compulsory and subject to strict regulations—our experts ensure full compliance.

✔️ Protect Common Property

Strata insurance safeguards shared spaces, structures, and facilities from damage, legal liability, and financial loss.

✔️ Support Body Corporate Committees

Directors and Officers cover protects committee members from personal legal exposure.

✔️ Flexible Cover for All Strata Sizes

We can tailor strata policies to suit large complexes or small two-lot strata schemes.

🔍 Step-by-Step: How WebInsure Works With Your Strata

1️⃣ We Assess Your Strata Complex

We review building size, location, cyclone risk, flood exposure, and body corporate needs.

2️⃣ We Source Multiple Strata Quotes

We compare offers from a wide panel of Australian and international strata insurers.

3️⃣ We Tailor the Package

We build cover that meets your building’s regulatory requirements and body corporate preferences.

4️⃣ We Present Clear Options

We simplify complex strata policies into easy-to-read comparisons.

5️⃣ Ongoing Strata Support

We’re here to help with renewals, mid-term changes, claims, and premium funding adjustments.

🛠️ Additional Strata Insurance Options

  • 🔒 Crime and Theft Cover for common property

  • 🌪️ Cyclone and flood risk extensions

  • 🚗 Shared car park liability cover

  • 🏢 Glass breakage for common areas

  • 💻 Cyber insurance for body corporate management systems

❌ Common Misconceptions About Strata Insurance

“The body corporate can self-insure.”

👉 Most Australian states and territories legally require strata buildings to hold insurance through a registered insurer.

“Small duplexes don’t need strata insurance.”

👉 Even two-lot schemes often require insurance to cover common walls, driveways, and shared services.

“We’re already covered by individual unit policies.”

👉 Individual unit policies do not cover common property, directors’ liability, or shared areas.

“Strata insurance always covers flood and cyclone damage.”

👉 Flood and cyclone cover must often be specifically requested—it’s not always included automatically.

🗂️ Real-World Case Study: Strata Protection Done Right

Client: Mid-rise apartment block in a cyclone-exposed coastal area
Issue: Rising premiums and poor cyclone coverage
Solution: WebInsure:

  • Secured quotes from international insurers

  • Tailored cyclone-specific protection

  • Bundled premium funding to reduce upfront costs

👉 Result: Body corporate achieved full compliance with strata regulations, reduced financial exposure, and spread the cost across manageable monthly instalments.

❓ Frequently Asked Questions (FAQ)

Does strata insurance cover individual unit contents?

No. Individual owners need to arrange separate contents insurance for their personal belongings.

Can strata insurance be paid monthly?

Yes. We offer pay-by-the-month options to support your body corporate’s cash flow.

How long does it take to get strata insurance quotes?

Typically within 48 hours. Large or high-risk buildings may take up to 30 days for international insurer submissions.

Does strata insurance cover flood and cyclone?

Only if specifically included—our brokers can ensure the right cover is added.

Can we get cover for a two-lot strata scheme?

Yes. We can arrange appropriate cover for small duplex and townhouse complexes.

📞 Get a Strata Insurance Quote Today

Protect your strata building with a fully tailored Strata Insurance package from WebInsure.
We’ll help you comply with regulations, manage your risks, and keep your building covered.

👉 Call us on 07 5406 1224
👉 Email us at email hidden; JavaScript is required

With WebInsure, strata insurance doesn’t need to be complicated. 🏢🛡️

Why use WebInsure?

We use a panel of Strata Insurance providers, in order to obtain the best cover for you. To obtain the best price, we try to restrict covers to the major insurers and because of this the Insurer list is flexible and does change.

Where does WebInsure service for Strata Insurance?

Our service is Australia Wide, covering:

  • Queensland
  • New South Wales
  • Victoria
  • Tasmania
  • South Australia
  • Western Australia
  • Northern Territory
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