Strata Insurance

Strata Insurance, that is also referred to as Body Corporate insurance within some states, provides cover for the common property that comes within the management of the strata title to a shared property. Although the cost of providing Strata Insurance is the responsibility of the strata title owners the premium is normally divided between the individual unit owners and added to their strata fees. It is a legal requirement that strata title owners have Strata Insurance in place.

As a body corporate you will, quite rightly, be seeking the most suitable Strata Insurance that provides exactly the cover that you and the unit owners require to provide complete peace of mind but that is also good value for money. Here at Colonial Insurance, our experienced and knowledgeable team can provide a tailor-made competitive Residential Strata Insurance quotation from our extensive panel of insurance companies for your consideration.

These insurance companies, subject to underwriting, are able to provide the option of cover in the event of flooding. Owners Corporate Committees will also be reassured to read that we can arrange cover with no limitation on the sum insured for the building. Furthermore, both you and the unit holders will be pleased to note that Colonial Insurance will rebate 50% of the commission to you through a reduction in your premium thus, probably, providing you with a significant saving.

All you need to do is to spend a couple of minutes completing our online quotation form and we will do the rest. This will save you having to spend hours of your valuable time researching various insurance companies that provide Strata Insurance and obtaining individual quotations. Alternatively, you can e-mail or send us a fax enclosing a copy of your existing Strata Insurance policy schedule enabling us to obtain, on your behalf, a comparable competitive quotation for your perusal.

Assuming that you are pleased with the quotation, we can arrange to place you on risk as quickly as is required. Furthermore, the insurance companies that we use allow you to pay either monthly or annually for the cover that is a useful option if your strata fund does not have sufficient funds to meet the annual cost upfront.

We very much look forward to hearing from you.