Strata claims | Supporting owners behind the scenes
Strata claims can involve many moving parts. Discover how the right support, communication and claims guidance can help owners feel more informed as the process moves forward.
Strata claims can involve many moving parts. Discover how the right support, communication and claims guidance can help owners feel more informed as the process moves forward.
Strata insurance plays a critical role in protecting buildings and the communities living within them. However, one of the most common areas of confusion for strata managers, committees and lot owners is understanding exactly what strata insurance does – and does not – cover.
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.
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.
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.
Australia is experiencing a severe housing affordability crisis. Our demographics and needs are changing…BTR may be part of the plan to deliver a diversity of new housing options.
Need to get in touch with the team? Please fill out the form and our team will get in touch shortly.