If you own or manage a strata property, you’re legally required to have strata insurance. But navigating state-based regulations, comparing cover options, and managing claims can be complex.
At AB Phillips, we simplify strata insurance. As experienced strata insurance brokers, we help body corporates, owners’ corporations, and strata managers secure tailored policies, control costs, and protect against risks unique to shared property ownership.
The ideal cover for busy
Strata Managers.
Comprehensive policies combined with premium service mean that AB Phillips should be your Insurance partner of choice. The perfect way to get every building you manage really covered.
What is Strata Insurance?
Strata insurance is a specialist form of cover designed for multi-unit and strata-titled properties such as apartment blocks, townhouses, and commercial complexes.
It’s compulsory in Australia and typically covers:
The building structure (walls, roof, foundations)
Common property and shared areas such as lifts, lobbies, car parks, gardens, pools and gyms
Liability if someone is injured on common property
Strata insurance differs from landlord insurance or contents insurance — it does not cover individual owners’ or tenants’ belongings inside units.
Why Work With a Strata Insurance Broker?
Unlike going directly to one insurer, working with a broker like AB Phillips means you:
Access multiple insurers and compare policies
Get independent advice tailored to your strata plan
Reduce premiums by reviewing claims history and risk profile
Have experts manage claims on your behalf
Stay compliant with changing state-based legislation
We partner with strata committees, owners’ corporations, and managers to take the stress out of strata insurance.
Strata Insurance Across Australia
Strata insurance requirements vary by state and territory.
Western Australia (WA): Must insure buildings, common property, and public liability under the Strata Titles Act 1985 (WA).
Victoria (VIC): Compulsory building replacement and reinstatement insurance, plus public liability cover.
New South Wales & Queensland: Similar obligations, with unique differences in policy wording and enforcement.
AB Phillips has deep experience in strata insurance for Perth and Melbourne properties, helping you interpret state-specific requirements and arrange compliant cover.
Trusted Strata Insurance for Managers and Owners
Hassle-Free Strata Policy Renewal and Claims Support!
Insurance Solutions
We understand that obtaining Strata Insurance can sometimes be a painful process for both Strata Managers and Owners Corporations, so we work hard to ensure that each renewal is seamless.
Market Wide Quoting
We will provide quotes from a wide range of insurers.
Policy Terms Explained
We will explain the differences between each insurer’s quotes.
Transparent & Informative
We will work with your Team and Client via a transparent and informative process for each renewal.
Claims Handled
We will work with your Team and Client ensuring they are kept up to date throughout the process, always striving to achieve the best possible outcome for your Client.
Strata Insurance Premiums – How Costs are Calculated
Premiums vary, but typically depend on:
Building value and age – older properties may cost more to insure
Location – risk of natural disasters like floods or cyclones
Number of units and facilities – pools, gyms and lifts increase premiums
Claims history – more claims = higher premiums
Excess choices and insurer pricing
Ask about our premium review services to ensure you’re not overpaying. Contact us
Arrange your cover today
Get in touch with our team.
T: 1300 242 136
E: insurance@abphillips.com.au
Strata Insurance FAQs
What does strata insurance cover in Australia?
It covers the building structure, common property, and public liability. It doesn’t cover individual owners’ contents or landlords’ loss of rent.
Who pays the strata insurance premium?
Premiums are paid from the strata levies collected from all unit owners.
Do I still need contents insurance if I live in a strata property?
Yes. Strata insurance doesn’t cover personal belongings, appliances, or valuables inside your unit.
Is strata insurance compulsory in WA and VIC?
Yes. Both states mandate building and liability cover, though the specifics vary under local legislation.
How are strata insurance claims managed?
Claims are lodged through the owners’ corporation or strata manager. As your broker, AB Phillips liaises with the insurer and manages the process for you.
Can strata insurance include flood cover?
Yes – flood cover may be included or offered as an optional extra depending on the insurer.
Does strata insurance cover my car in the basement garage?
No – vehicle insurance must be arranged separately by the owner.
How do I lower my strata insurance premiums?
By improving building maintenance, reviewing excesses, and working with a broker to ensure you’re placed with the most suitable insurer.