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Strata Insurance

Cover for shared property under a body corporate

Often mandatory for strata schemes (apartment buildings, unit complexes). Covers common areas, building structure, and liability for owners’ corporations.

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Key Benefits

Protect Shared Spaces

Hallways, lobbies, lifts, and communal facilities.

Legal Requirements

State laws require strata plans to hold certain levels of insurance.

Frequently Asked Questions

Owners need separate contents cover for their personal items.
Strata Insurance covers common property, while Home and Contents Insurance covers individual units.
Policies cover damage to common areas like lobbies, hallways, and shared facilities.
The body corporate must maintain the common property and comply with policy terms.

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