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Residential Strata Insurance

Cover for residential strata

Strata insurance is compulsory for residential buildings and common areas to cover theft, storm, water damage and fire as well as legal liability.

Australia’s first and largest residential strata specialist

CHU created the very first strata plan insurance policy in Australia and started trading in Sydney in 1978. 40 years later, CHU has grown to become Australia’s largest strata insurance specialist, arranging insurance for more than 100,000 strata buildings. This was recognised with CHU winning the ANZIIF Underwriting Agency of the Year Award in 2017 and 2018  which commends demonstration of excellent technical skills, strong underwriting results and outstanding client service.

What is strata insurance? 

CHU Residential Strata Insurance

Residential Strata insurance is mandatory and each state and territory has varying legislative requirements that deal with insurance for strata title properties. The insurance is generally designed to cover common areas as defined on the property’s title, this includes common property such as lawns, driveways, lifts and pools in the event of damage to or destruction of the building.

Strata insurance must also provide liability cover in the event of personal injury in connection with the insured property. You can be assured that with CHU your residential strata insurance policy is frequently updated as changes in legislation or other developments occur.

Your residential strata insurance quote covers: 

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Cover for your building and common area contents

Insurance against damage to your property

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Emergency and temporary protection

Reasonable cost of temporary protection and safety or emergency repairs to minimise damage or impact

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Legal liability

Protection if you become legally responsible to pay compensation for personal injury or property damage in connection with your common area or insured property

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Temporary accommodation and rent

Reasonable cost of temporary accommodation if your lot / unit is made unfit to be occupied as intended

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Removal and storage of  contents due to damage to property

Removal, storage, return and insurance costs payable for the transportation and safe keeping of undamaged lot owners’ contents

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Office bearers’ legal liability – optional

Indemnity for office bearers should they become legally liable to pay compensation for an act made whilst carrying out duties within the scope of their position

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Multi – Award Winning

Awards include back to back winners of the Underwriting Agency of the Year Award 2017 – 2018 at the prestigious Australian Insurance Industry Awards and Insurance Business Gold Award winner 2016 – 2018.

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Australia’s Largest Strata Insurer

CHU created the very first strata insurance plan in Australia and started trading in Sydney in 1978. 40 years later CHU has grown to become Australia’s largest strata insurance specialist, underwriting more than 100,000 schemes.

Emergency assistance
24/7 online claims service and emergency assistance

When you need help the most CHU makes the claim process quick and simple, over 40% of claims processed in less than 24hrs.