In today’s insurance market, strata buildings are being assessed more closely than ever. Insurers are applying greater scrutiny to construction quality, claims history and ongoing risk management. At the same time, repair costs continue to rise and skilled contractors are in high demand.
A significant portion of 2025 was influenced by the repercussions of events in 2024, while developments in the latter part of the year indicated an optimistic view for strata in 2026. Check out the key areas for positive change in the strata insurance market in our market outlook.
The holiday season should be a time to relax, travel and connect with family and friends. But it also brings challenges – summer storms, increased security risks and the added pressures that come at the end of every year. Planning ahead will give you greater peace of mind.
As the year draws to a close, we would like to extend our thanks to our valued customers, partners and colleagues for your continued trust and support throughout 2025. In the spirit of togetherness and protection, we wish you a Merry Christmas and a Happy New Year, filled with joy, peace and prosperity.
You’ve sought professional advice and obtained a valuation. Now the question is, do you take it or leave it? When it comes to determining a Building Sum Insured, disregarding professional advice could be detrimental to everyone concerned: The property owner, the Owners Corporation (OC) Committee and you, the Strata Manager.
In today’s insurance market, many insurers are becoming increasingly cautious when it comes to quoting on commercial strata properties. This is particularly true for properties with high-risk tenants or limited risk profile information. Insurers rely heavily on accurate, up-to-date information to assess the risk associated with a property. Without this, many insurers may decline to offer terms or apply significantly higher premiums and excesses.
Being part of a strata community often means pitching in to help things run smoothly. While volunteering your time may feel like a practical way to contribute, it’s important to understand how this affects both your safety and the Owners Corporation’s legal obligations. Here’s what every strata resident, committee member and manager needs to know.
Cladding Safety Victoria was established in 2020 by the Victorian Government and seen as a world-leading initiative via the Cladding Safety Victoria Act 2020 (Vic). The $600 million program was intended to make Victorians safer by helping residential apartment building owners rectify non-compliant or non-conforming external wall cladding products.
If you’re renting out a property in Australia, you might assume standard home insurance has you covered. But many landlords only realise the gaps in their policy when it’s too late. In this article, we unpack why standard insurance often isn’t enough for landlords, what a specialist policy includes and how specialist landlords insurance can help you protect your property and rental income.
For developers of new strata properties in Australia, securing comprehensive insurance coverage is a critical step in the development process. However, common questions often arise, particularly around the need for detailed construction material breakdowns and percentage allocations. In this article, we address some of the most frequently asked queries and explore key considerations when insuring new developments.
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