Residential & Commercial Strata Insurance in Australia – Ultimate Cover Guide

Introduction

Strata living and commercial complexes are rising across Australia—from high-rise apartments to business parks. But with shared property comes shared risk. Strata insurance is essential for protecting communal areas, building structures, and owners from legal and financial burdens.

Top Risks for Strata Properties

• Building Damage: Storms, fires, or structural faults can impact entire complexes.
  
  

• Liability Claims: Slip and fall accidents in common areas often trigger expensive claims.
  
  

• Water Damage: Burst pipes or roof leaks can affect multiple units quickly.
  
  

• Defect Liability: Developers and owners corporations can face costs tied to construction defects.
  
  

• Theft or Vandalism: Unprotected access areas are hotspots for damage or break-ins.
  
  

What Does Strata Insurance Typically Cover?

• Building & Common Property: Including walls, roofs, stairwells, lobbies, and garages.
  
  

• Public Liability: Protects against legal costs from injuries or damage on common areas.
  
  

• Temporary Accommodation: If units become uninhabitable after a covered event.
  
  

• Legal Defence: For disputes involving strata governance or responsibilities.
  
  

• Office Bearers' Liability: For committee members acting in their roles.
  
  

Residential vs. Commercial Strata, Key Differences

• Residential Strata: Focuses on apartments and shared living environments. Risks include damage, flooding, and tenant injury.
  
  

• Commercial Strata: Involves risks like business interruptions, more complex liability, and machinery breakdown.
  
  

Why Angelic Insurance?

At Angelic, we understand the nuances of Australian strata regulations. We tailor coverage for body corporates, property managers, and owner committees—so you stay protected and compliant without the stress.

✅ Expert cover across residential and commercial properties
✅ Flexible policy add-ons to match property types
✅ Compliance-aligned general advice

Research sources

• Australian Government Strata Titles: https://www.australia.gov.au/information-and-services/family-and-community/housing-and-property/strata-title
  
  

• Insurance Council of Australia – Strata Insurance: https://insurancecouncil.com.au/resource/strata-insurance/
  
  

• CHU Underwriting Agencies: https://www.chu.com.au

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