Strata insurance provides cover for the common property that falls under the management of the strata title to a shared property. Strata insurance is the responsibility of the strata title owners or body corporate management. These premiums are then normally divided between the individual commercial unit owners and added to their strata fees.
It is a legal requirement that strata title owners have strata insurance in place.
At Brokers National we can tailor your policy to suit your individual insurance requirements, regardless of the size or type of your commercial strata property.
The key covers on a commercial strata insurance policy are:
- Building and common contents
- Fidelity guarantee
- Legal liability
- Voluntary workers accident only
In Australia, strata insurance is easy to get so do not fail to get the right policy. Contact Brokers National today (03) 9791 6688