Strata Insurance is designed to provide protection for the replacement of buildings and its common contents, as well as legal liability and other covers as required under applicable State Acts.
With all the dangers and difficulties owners corporations can face, having the correct Strata Insurance is a necessity. It covers a broad range of possible losses, including fire, flood, accidental loss or damage, emergency repairs, exploration costs to find the source of water leaks, loss of rent or temporary accommodation, removal of debris, embezzlement of funds, fusion, catastrophe, government and legal expenses & voluntary workers
The following are examples of available benefits:
Cover for fraudulent misappropriation, theft or embezzlement of the owners corporation funds.
Cover for expenses incurred by audits or investigations by any Commonwealth, State or Statutory body, including workplace Health and Safety breaches.
Cover for death or injury to individuals engaged to voluntarily work on behalf of the owners corporation.
Office Bearers Legal Liability
Cover for office bearers against loss by reason of any wrongful act while acting in their capacity as office bearer.
Cover for machinery breakdown of plant and equipment owned by the owners corporation.
Cover for the escalation in the cost of replacement after a declared catastrophe.
Lot Owners Fixtures and Fittings
Cover for lot owner’s fixtures and fittings if in the event of a claim the building sum insured is exhausted.
Find out what Austbrokers Countrywide can do for you.
For an obligation free insurance review, talk with one of our specialist brokers today to find out more.