Strata insurance is mandatory and is designed for properties that are ‘strata-titled’ (i.e. apartments, townhouses and units). The commerical insurance policy is typically arranged by the owners’ corporation (body corporate). It is designed to provide general cover for the building and shared property from loss or damage.
Strata insurance provides financial protection for shared buildings and areas, to ensure that all owners share the risks and costs of unexpected liability or damage.
What Does It Cover?
It’s important to understand exactly what is covered by your policy, so that if you need to make a claim, you’re not caught off guard. Strata insurance protection generally covers:
What Does It Not Cover?
There are limits and exceptions to your strata insurance. It generally works to protect financial stability in the event of property damage or injuries caused in common spaces. However, it does not cover you for:
We’re committed to matching you to the right policy and being by your side the whole way.We tailor our approach and search to your business’s needs to source you the best policy that protects your risks.
You can rely on them to navigate the market and explore a range of insurance options to find you the best terms. And we’re here for you the whole time, from when you purchase an insurance cover, right up to when you need to make a claim.
Every client matter to ensure that we’re caught up and prepared to support you when you need it most.
We understand that time is of the essence when handling your property and the risks involved, which is why we make our process easy for you to navigate. We’ll handle everything from start to finish, so you can focus on getting your organisation back on its feet, without worrying about what will happen next.
We’ll handle it all, with your best interest first. All you need to do is reach out and get started.
Here’s how it works with Barrack Broking:
We’ll start by understanding your business to identify your risks.
We’ll develop a tailored strategy and program that is detailed with cost and your coverage options, using our market knowledge and expertise.
We’ll head out to the market to negotiate a policy with the right insurer that covers you based on the identified risks.
We’ll be here for you all year round. Whether you need claim support, policy clarification or general advice, you can rely on Barrack Broking to support you.
Our clients rely on us for strategic advice and dependable support.
We’ve always have such a great experience with Barrack Broking. Our Account Manager, Dale is incredibly friendly, easy to deal with, and genuinely attentive to everything we need. Nothing ever
thanks again Dale and Barrack for making the insurance renewal process so smooth and timely yet again
Had a great experience with Barrack Broking – Insurance Brokers Brisbane. The whole process was smooth, professional, and easy to understand. A big shoutout to Amiel – absolute superstar. He
Competitive premiums offered. Great service going over and above. I have peace of mind knowing the insurance policies are looked after by a wonderful highly experienced team. Can not be
Excellent Communication, and provide great options and competitive Premiums. Just a pleasure to deal with. Highly recommend this team to any business owner.
Extremely attentive, took real time to understand the business and saved us a considerable amount on our premium – highly recommended
As all businesses operate in an uncertain world, Barrack Broking is dedicated to delivering strategy, ideas and certainty to protect your business.
"*" indicates required fields
