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.
Protecting strata buildings and insurance outcomes
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.
Strata insurance market outlook 2026
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. Discover the key areas for positive change in the strata insurance market in our market update.
Strata insurance market outlook 2025
Looking forward to the new year, there is hope that 2025 will be less turbulent and more predictable than 2024. Reflecting on the past year, we have seen the following trends in the market…
Tobacconists and vapes – not just bad for your health
Tattoo shops and massage parlours have been on the list of ‘uninsurable’ risks for some time. Tobacconists have recently joined the watch list, with some insurers declining cover due to the increased claims risk resulting from targeted firebombing attacks and ram raids.
Batteries doing more than charging – lithium batteries lighting up!
Fires ignited by charging lithium-ion batteries in apartments have been prevalent in the media. Some apartment owners are looking to limit or even ban electric bikes and scooters and charging their batteries in the building.
Mastering strata insurance: Seven essential tips to navigate challenging times
Insurers are becoming increasingly risk-averse in the face of natural disasters, resulting in changes to policy, reduced competition and sharp increases in premiums. The surge in demand for building materials and construction services is driving up maintenance costs, while the rising cost of living sees strata owners desperately seeking avenues to reduce expenses.
The Strata Insurance Market Explained
Understand the Strata Insurance market landscape and how to achieve the best outcome for strata properties The strata insurance market is always an interesting place. This guide provides you with an insight into the factors that shape the market and a realistic outlook for strata insurance premiums. It delves deeper
Coronavirus (COVID-19) & Owners Corporations: Frequently Asked Questions
Coronavirus and Owners Corporations FAQ’s – clarify key concerns.
Tradespeople & caretakers: Check they have the right insurance tools for the job.
Have you hired a tradesperson, or appointed caretakers to carry out works on behalf of an Owners Corporation (OC)? Make sure they have the right tools for the job. Public Liability Insurance is essential and as a Strata Manager, it’s your responsibility to ensure the tradies you engage have Public