The Strata Schemes Management Act 2015 deals with insurance requirements under Section 160 through to and inclusive of Section 175. It explains that the owners corporation needs to insure their properties with any approved insurer for any rebuilding or repairing works to be inline that is not worse or less extensive that that part when new.
It also specifies in the Schemes Management Act 2015 that strata agents must obtain no less than 3 quotations for each type of insurance, for this reason we use insurance brokers who look after strata niche, they are very swift and efficient in assisting with insurance claims process.
It also specifies in the Schemes Management Act 2015 that strata agents must obtain no less than 3 quotations for each type of insurance, for this reason we use insurance brokers who look after strata niche, they are very swift and efficient in assisting with insurance claims process.
We added some useful links below to those insurers.
CHU Underwriting Agencies
- CHU Residential Strata Product Disclosure Statement
- CHU Commercial Strata Product Disclosure Statement
- CHU Financial Services Guide
- CHU Supplementary Product Disclosure Statement
Strata Community Insurance
- SC Residential Strata PDS & Policy Wording
- SC Supplementary Residential PDS
- SC Commercial Strata PDS & Policy Wording
- SC Supplementary Commercial PDS
- SUU Residential Strata Policy Overview
- SUU Residential Strata Insurance Policy Disclosure Statement
- SUU Commercial Strata Policy Overview
- SUU Commercial Strata Insurance Policy Disclosure Statement
- SUU Financial Service Guide
Strata Unit Underwriters Agency
