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.
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 104200-06/17 and supplementary PDS. Click here to view the relevant Financial Services Guide.
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.
Cover for contents temporarily removed from the home. Refer to the policy wording for information on specific limits, inclusions, exclusions, terms and conditions.
Indemnity as owner of the contents for personal injury or property damage.
Sum Insured: $30,000,000
Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties - including residential strata.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people discover their Strata Insurance policy does not cover damage as a result of flood.
With Stage 4 Coronavirus restrictions having been imposed in the Melbourne metropolitan area for several weeks, there has been an impact to the way businesses are legally allowed to operate for the duration of this period.
Unfortunately these restrictions have had an unprecedented impact on the progression of insurance claims, whereby builders and other repair and maintenance companies are only legally permitted to carry out a very limited scope of works.
Is your Owners Corporation experiencing difficulties paying Strata Insurance premiums, as a result of the economic impact of COVID-19? We understand this is a real issue for OC’s around Australia, and want to assure you that there are options available to help alleviate the financial strain at this time.
The property insurance sector is not immune from the economic and health implications of COVID-19. Accordingly, there have been some important changes made by insurance companies when it comes to Landlord insurance cover.
Below we have outlined key changes to be aware of for new quotes and policy amendments.
The 2020 Allianz Risk Barometer identifies the 10 most prominent risks faced by businesses this year. How is your business managing these risks to reduce the potential impact on your strategic objectives? The advice and insurance solutions recommended by a specialist insurance broker can be a highly effective way to transfer risk.
Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties - including residential strata.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people discover their Strata Insurance policy does not cover damage as a result of flood.
