Strata Title Insurance provides cover for residential buildings (home units, villas or town houses) which are registered under strata or unit title legislation. It covers loss or damage to the building itself and common property, such as pathways, walls and fences, and common contents, such as carpets on stairwells.
They can be residential, commercial or retail strata properties.
The owners corporation (or the body corporate) of a strata scheme in NSW, for example, is made up of the registered owners of all the lots in the plan.
Strata Title Insurance policies will generally cover you for:
You should consider arranging Strata Title insurance if;
Each state and territory has different legislative requirements that deal with insurance for strata title properties. You should always check that your insurance meets those legislative requirements. Usually your Body Corporate will arrange this insurance on your behalf.
To obtain a quotation or further information on Strata Title Insurance you can contact one of our experienced insurance brokers on 1300 503 503.
Alternatively, click here to complete a Strata TItle Insurance quote request online.
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