Skip to main content
Contact Us
About Us
Media Centre
header: country flag Australia - English

Strata Insurance

engineer working with software

Tailor your client’s coverage

Placing residential and commercial strata insurance with Chubb is now even easier. 

Chubb’s strata insurance is designed to meet the needs of residential, commercial, and mixed-use strata developments, setting the new benchmark for tailoring strata insurance to customer needs.

We recognise the importance of specialist independent advice from dedicated insurance professionals. The strata insurance policy remains exclusive to brokers. 

Get customised coverage for your clients with flexible sub-limits, additional benefits and optional extensions.

Coverage Highlights
Coverage Highlights

Underwriting Appetite

Preferred Business

  • Residential strata (or similar) buildings (such as apartment complexes)
  • Commercial strata (or similar) buildings that have commercial occupancy such as office and retail
  • Mixed residential and commercial strata (or similar) buildings
  • Australian metropolitan locations that are not significantly exposed to natural catastrophe
  • Fire-resistive or non-combustible construction

Preferred for Northern Australia

  • Residential and mixed use residential and commercial strata buildings
  • Risks situated in Northern Australia / above the 26th parallel
  • Australian Reinsurance Pool Corporation (ARPC) Cyclone Reinsurance Pool (CRP) eligibility
  • Minimum building sums insured $50 million
  • Modern buildings of fire resistive or non-combustible construction

Non-Preferred Business

  • Inferior or combustible construction with limited fire and security protection
  • Buildings predominately used for industrial purposes
  • Buildings with tattoo parlours, tobacconists/vape stores, brothels, adult entertainment, nightclubs or bars as tenants
  • Locations with significant exposure to natural catastrophe

NOTE:

Unacceptable risks include non-strata (or similar) titled property, vacant buildings, buildings awaiting demolition, risks with structural, fire life safety or other significant defects, vertical staged developments, risks containing illegal operations and risk undergoing substantial construction, erection or alteration. 
Coverage Highlights

Learn about our policy coverage highlights

  • Cover for your building, common property, common contents and body corporate assets
  • Cover for volumetric lots and stratum lots
  • Loss of rent, temporary and emergency accommodation
  • Machinery breakdown
  • Crime
  • General liability
  • Management liability
  • Audit expense
  • Appeal expense
  • Environmental impairment liability
  • Voluntary workers insurance

 

The policy exclusions include Lot owners’ contents, asbestos, faulty or defective workmanship, damage to insured property caused by any alterations or additions to the insured property over a certain sum, cyber and data loss, among other things.  Flood or action by the sea is optional cover, and is otherwise excluded.  For a full description of all exclusions, further information regarding the policy coverage, and conditions please review the Product Disclosure Statement (PDS) and Policy Wording. 

 

Why Chubb

Why do companies choose Chubb?

  • 20 years+ experience insuring some of the largest strata developments in Australia
  • Substantial underwriting capacity
  • Broad coverage with the ability to tailor a solution to the needs of your clients   
  • Specialist strata underwriting team
  • Exceptional claims service
  • Superior financial strength and stability: Chubb Insurance is rated AA-/Stable by S&P in Australia

 

 

Resources
Contact us
Contact us

Ready to find out more?

 

Ready to experience Chubb's unparalleled customer service and comprehensive insurance solutions? 
Find a Broker