Contents Insurance for Strata Properties

Contents
Insurance for Strata properties

If you lease an apartment / unit within a Strata property, a separate Contents Insurance policy is essential to protect your personal belongings.

Residential Strata Insurance only provides general insurance cover for the building, common property and common contents. Once you cross the threshold of your individual property the cover provided by the Strata Building policy ends.

Contents Insurance for Tenants & Owner Occupiers

In partnership with CHU Underwriting Agencies Pty Ltd, Whitbread are now offering an instant online Contents Insurance solution for tenants living in a Strata property.

CHU Contents insurance is designed to cover household and personal possessions such as clothing, jewellery, furniture, TVs, computers, internal carpets, blinds and electrical appliances belonging to you and other family members.

Contents insurance is incredibly important as it can cover the financial cost of repairing or replacing your household and personal possessions in the event of loss or damage.

For personal advice specific to your particular circumstance, please give us a call on 1300 424 627 to speak to our team of Contents Insurance specialists.

Please Note: The information on this page is a summary of common Contents insurance policy features. The list is not exhaustive and should only be considered as general advice. It is not intended to take the place of personal advice. Before acting on this information you should consider the appropriateness of this general advice to your particular objectives, needs and financial situation. For a full explanation of policy terms, conditions and limits you should refer to the Contents Insurance for Strata Product Disclosure Statement and Policy Wording 104200-03/19 and supplementary PDS. Click here to view the relevant Financial Services Guide.

Covered Features

Contents are covered on a replacement (new for old) basis. Both Specific Insured Events or Accidental Damage cover options are available.

Sums Insured limits apply to some contents items. Refer to the relevant policy wording for specific limits, inclusions, exclusions, terms and conditions.

Portable items

Cover for contents temporarily removed from the home. Refer to the policy wording for information on specific limits, inclusions, exclusions, terms and conditions.

Liability to others

Indemnity as owner of the contents for personal injury or property damage.
Sum Insured: $30,000,000

Specialist

FAQ's:

Do I need Contents Insurance if my building has Strata Insurance?

Yes, Residential Strata Insurance only provides general insurance cover for the building, common / shared property and common / shared contents. The cover provided by the Strata Building policy ends when you cross the threshold of your individual property. A separate Contents Insurance policy is required to protect your personal belongings.

What is Contents Insurance and do I need it?

Contents insurance is insurance cover for household and personal possessions such as clothing, jewellery, furniture, TV, computers, internal carpets, blinds and electrical appliances belonging to yourself and your family members. It is important as it covers the financial cost of repairing or replacing your household and personal possessions in the event of loss or damage.

What is a flood?

The flood definition has been standardised for all ‘retail’ products which includes residential strata. Refer to your insurer’s Product Disclosure Statement for a full definition.