Strata Insurance
Strata insurance protects the building, common areas and common contents owned by an owners' corporation. It is compulsory in every state, and the premiums are paid by the owners' corporation.
We arrange strata cover for residential schemes, such as townhouses, units, apartments and duplexes, and for commercial schemes, including office, retail, industrial and mixed-use buildings.
Compulsory covers
Cover depends on the policy and insurer you choose. Some benefits are included automatically, others are available as options.
Building and common contents
Damage to the building and to equipment, furniture and carpets in common areas, including loss of rent or alternative accommodation after an insured event.
Public liability
Injuries to people on common property.
Optional covers
Voluntary workers personal accident
Compensation for anyone injured while doing voluntary work for the owners' corporation.
Fidelity guarantee
Losses from misuse of the owners' corporation's funds.
Office bearers' liability
Claims arising from wrongful acts by office bearers.
Mechanical and electrical breakdown
Physical damage to machinery or electrical items caused by breakdown.
Strata cover for commercial buildings.
Commercial and mixed-use strata schemes carry different risks to residential buildings, from tenant turnover and plant breakdown to higher public traffic. We arrange cover designed for them.
Building and common property
Damage to the building, common property and fixtures shared by lot owners.
Property owners' liability
Claims for injury or property damage occurring on common property, such as car parks, lobbies and lifts.
Loss of rent
Rental income lost while the building cannot be occupied after an insured event.
Machinery breakdown
Breakdown of lifts, air conditioning, plant and other building equipment.
Fidelity guarantee and office bearers' liability
Theft of strata funds and claims arising from decisions made by the committee.
Legal and audit expenses
Costs of legal action, appeals and audits relating to the strata scheme.
Flood, catastrophe and other benefits may be optional. Cover depends on the insurer and policy, and is subject to terms, conditions and exclusions.
Ready to apply?
Download the Residential Strata Insurance Application Form, fill it in on screen and sign it, then email it to salesinsurance@yblgroup.com.au. Not sure what to put? Call Maggie on 03 8538 2699 and we'll help you through it.
PDF · 7 pages · 228 KBLooking for Commercial Strata Insurance? Please email salesinsurance@yblgroup.com.au with the property details and insurance cover and we will take it from there.
An expert on your team.
We learn your business
We take the time to understand your business and risks, then tailor cover to fit.
We compare options
We seek terms from the insurers we deal with regularly and explain the differences in plain language.
We help when you claim
If something goes wrong, we help you prepare and manage your claim.
Flexible payment
Premium funding is available if you would prefer to pay by instalments.
Related covers
View all insurance →
Talk to us about strata.
Tell Maggie about your business or property and we will recommend cover that fits. Email salesinsurance@yblgroup.com.au.
Any advice on this page is general advice only and does not take into account your objectives, financial situation or needs. Before acting on it, consider whether it is appropriate for you and read the relevant Product Disclosure Statement and our Financial Services Guide. Cover, benefits and limits vary between insurers and policies and are subject to terms, conditions and exclusions. YBL Insurance Services Pty Ltd (ABN 52 640 800 282) is an Authorised Representative (No. 1281725) of MME Services Pty Ltd (ABN 75 675 435 640), AFSL 559974.