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Strata Insurance

Find and Compare Strata Insurance in Newcastle, New South Wales. Strata Insurance can financially protect your residence and belongings in the event of loss or damage.

Contact Ausure Newcastle Insurance today for your insurance needs.

We help you compare Strata Insurance Policies in Newcastle and surrounds.

Strata insurance can cover buildings or apartments with shared properties in the event of insured events like extreme weather or break-ins. Typically, strata insurance is a legal requirement, and the policy cost is split between body corporate members or unit owners. This policy is managed by a designated manager, the property manage, or a selected unit owner. Strata Insurance can be confusing, but Ausure Newcastle is here to help. Our team has experience assisting clients all over the Newcastle region with managing their strata insurance and providing helpful tips, assistance, and alternative solutions.

We can design a policy for you that is customised to your requirements to ensure you aren’t underinsured and so you aren’t paying for anything you don’t need. We can also provide you with a wide range of insurance options, such as customisation, risk management strategies, and claims management. We take pride in our customer service, and our team is always available to help you with any claims or advice.

If you have any questions, please don’t hesitate to contact us today. We can assist you with any inquiries you may have and explain possible exclusions or inclusions that are available.

What types of industries and occupations should consider Strata Insurance?

  • Residential Strata Managers: Residential strata managers oversee strata-titled residential complexes, including apartments, townhouses, and condominiums. Strata insurance is essential to cover common property, building structure, and shared facilities against risks like fire, storm damage, and liability claims. 

  • Commercial Property Managers: Commercial property managers handle strata-titled commercial buildings, such as office complexes, retail spaces, and industrial properties. Strata insurance provides coverage for property damage, legal liability, and loss of rental income, protecting the interests of property owners and tenants. 

  • Real Estate Agencies: Real estate agencies that manage strata properties on behalf of owners need strata insurance to protect against potential risks. This includes coverage for common areas, building defects, and liability claims arising from accidents or injuries on the property. 

  • Developers and Builders: Developers and builders involved in constructing strata-titled properties require strata insurance to cover the building during and after construction. This insurance ensures that any defects, structural damages, or liability issues are adequately covered.

  • Strata Corporations: Strata corporations, also known as owners’ corporations or body corporates, are responsible for managing the common property of strata-titled buildings. Strata insurance provides comprehensive coverage for building and common property maintenance, ensuring compliance with legal requirements. 

  • Hospitality Businesses: Hospitality businesses, such as hotels and serviced apartments, often operate in strata-titled buildings. Strata insurance covers common areas, guest facilities, and public liability, ensuring that both the business and guests are protected. 

  • Retail Complexes: Retail complexes, including shopping malls and retail strips, require strata insurance to cover common areas, shared amenities, and liability risks. This insurance protects property owners and businesses within the complex from financial losses due to unforeseen events.

Important things to know when comparing Strata Insurance.

  • Understand Strata Insurance Requirements: Recognize that strata insurance is mandatory for strata-titled properties to cover building and common property against risks like fire, storm damage, and liability claims. Ausure Newcastle Insurance Brokers can help you understand the legal requirements and ensure your strata insurance complies with local regulations.

  • Assess Coverage Needs: Determine the specific coverage needs of your strata property, including building replacement costs, liability cover, and protection for common areas and shared facilities. Ausure Newcastle Insurance Brokers will assist you in conducting a thorough assessment to identify all potential risks and coverage requirements.

  • Consider Additional Coverage Options: Explore additional coverage options such as flood insurance, machinery breakdown, and office bearer’s liability to enhance your strata insurance policy. Ausure Newcastle Insurance Brokers can recommend additional coverages that provide extra protection for your specific needs.

  • Regularly Review and Update Policies: Regularly review and update your strata insurance policy to reflect changes in property value, ownership, and regulatory requirements. Ausure Newcastle Insurance Brokers will assist you in conducting regular policy reviews and making necessary updates to keep your coverage current.

  • Understand Claims Process: Familiarize yourself with the claims process to ensure prompt and efficient resolution in case of an incident. Ausure Newcastle Insurance Brokers provides dedicated claims support, helping you navigate the claims process smoothly and efficiently.

  • Seek Professional Advice: Consult with an insurance broker to get expert advice on choosing the right strata insurance coverage for your property. Ausure Newcastle Insurance Brokers offers personalized advice and tailored solutions to help you select the best insurance coverage for your strata property.

Contact Ausure Newcastle Insurance Brokers today to discuss your Strata Insurance Needs.

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Ausure Newcastle Insurance Brokers are your local Business Insurance Broker in Newcastle, New South Wales, and are part of Australasia’s largest general insurance broker network, the Steadfast Group. We leverage Steadfast’s scale to ensure our clients have access to a wide range of insurance companies, a broad range of products, exclusive policy options, and of course, competitive pricing. And when the time comes and you need to make a claim, you will have the backing of Steadfast behind you.

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