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What is Strata Insurance and why do I need it?
In Australia, strata insurance is a crucial insurance policy that provides coverage for properties such as apartment complexes, townhouses, and other multi-unit buildings. Strata insurance is vital for owners' corporations and body corporates as it protects them from financial losses caused by unforeseen events such as fire, natural disasters, theft, and liability claims.
Difference between commercial and residential Strata Insurance
Commercial strata insurance is designed for properties primarily used for commercial purposes, such as office buildings or shopping centers. On the other hand, residential strata insurance is intended for properties primarily used for residential purposes, such as apartments or townhouses.
Both types of strata insurance policies provide coverage for common areas such as stairwells, hallways, elevators, and communal gardens. However, commercial strata insurance policies consider the presence of commercial tenants who are responsible for their own fixtures and fittings, and claims for loss of rent and temporary accommodation may be higher. Residential strata insurance includes coverage for fixtures and fittings like kitchen and bathroom cabinetry.
The Australian leaders in Strata Insurance.
With over a decade of experience in the industry, Tyrone Shandiman and Strata Insurance Solutions have a deep understanding of the unique needs and challenges faced in the strata insurance industry. Tyrone Shandiman has built a reputation for delivering tailored insurance solutions that provide comprehensive coverage and peace of mind for his clients.
So why should you choose Strata Insurance Solutions for your strata policy?
At Strata Insurance Solutions, transparency and honesty are at the core of everything we do. We believe in building long-term relationships based on trust and mutual respect. We work hard to ensure that you understand your policies and are confident with the coverage. When it comes to choosing a strata insurance provider, trust the experts at Strata Insurance Solutions for the best solution.
Get a fast Strata Insurance quote
Irrespective of whether you’re seeking Residential strata insurance, Commercial strata insurance or Body Corporate insurance, we can help you protect your property assets for you and your unit owners. For peace of mind, get your quick hassle-free strata insurance quote now.