Strata
Strata properties involve shared ownership and communal responsibility from residential apartment buildings and townhouse complexes to commercial office strata. Strata managers, owners corporations, and property committees are responsible for maintaining common areas, managing risk, and meeting strict compliance standards.
At Angelic Insurance, we provide general advice to help strata managers and bodies corporate explore insurance options such as building insurance, public liability, office bearer’s liability, machinery breakdown, and legal expenses cover. We compare policies from trusted Australian insurers to ensure your strata scheme remains protected, financially secure, and legally compliant.
Whether managing a residential high-rise or a commercial strata estate, we help you find insurance solutions that support building value, resident safety, and peace of mind.
Why Choose Angelic Insurance?
Strata management involves unique legal and operational responsibilities. Angelic Insurance provides support tailored to the challenges of shared property ownership:
Comprehensive Cover for Common Property and Building Assets
We assist in reviewing building and contents cover for elevators, roofs, foyers, garages, pools, and other shared infrastructure.
Public Liability for Visitors and Residents
Slips, trips, or injuries in communal areas can lead to costly claims. Public liability insurance helps protect the owners corporation and its members.
Office Bearer’s Liability for Committee Members
Strata committee members can be held personally liable for decisions or omissions. Office bearer’s liability insurance provides financial protection for legal defence and claims.
Machinery Breakdown and Emergency Repairs
From lifts and intercoms to water pumps and gates, we help review cover for breakdowns that affect safety, access, and liveability.
Fast Documentation for Renewals and Compliance
We provide Certificates of Currency and assist with annual reporting requirements, council compliance, and tenant or lender requests.
Industry Challenges
Strata schemes operate under complex obligations and resident expectations. Without proper cover, common risks include:
Building Damage from Fire, Storm, or Vandalism
Insurance helps fund urgent repairs and rebuilds without excessive levies on unit owners.
Injuries in Shared Areas
Visitors, tradespeople, or residents injured in common spaces may sue. Public liability cover helps manage legal and medical expenses.
Claims Against Committee Members
Disputes over maintenance decisions or financial management can result in legal claims. Office bearer’s liability helps protect individual committee members.
Breakdown of Critical Systems
Lifts, security gates, and water systems are vital to liveability. Machinery breakdown insurance helps fund prompt repairs.
Underinsurance or Non-Compliance
Without adequate cover, strata plans may breach legislation or leave residents exposed to financial loss. We help ensure policy limits match replacement costs and strata law requirements.
Frequently Asked Questions
Coverage includes buildings, shared areas, and legal liabilities.
Yes, including lobbies, lifts, and shared facilities.
Yes, Public Liability Insurance applies.
Yes, Building and Property Insurance is available.
Yes, optional cover for shared plant and equipment is available.
Yes, Legal Liability cover may apply.
Yes, environmental damage cover can be added.
Angelic Insights
