Strata Insurance Comparison
Strata insurance is essential for all apartment buildings and shared housing, but it's looked after by the strata committee. Compare strata insurance brands and get peace of mind for your property.

Residential strata insurance is the general insurance that covers any commonly used areas within a property. It provides cover for the building and common property that is shared by people living in a townhouse, duplex or set of flats.
It’s basically insurance for areas you share with your neighbours, and the building itself. This includes things like lifts, pools, car parks and gyms, but also more common stuff like gardens, balconies, driveways and walls.
It’s also referred to as body corporate, owners corporation, common property or residential strata insurance. Strata insurance premiums are paid for out of the building's administrative fund, which is fed by your strata levy.
There are numerous insurance providers within Australia who offer a range of varying strata insurance cover. Strata managers and body corporates often employ a broker or specialist underwriting agency to help negotiate the right cover for their titles.
Here is an outline of a handful of Australian strata insurance providers:
Brand | Here's a summary of some of the benefits | How to get a quote |
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![]() Strata insurance |
| By phone: 13 22 44 |
![]() Strata insurance |
| Apply via an online form |
![]() Residential strata insurance |
| By phone: 13 24 81 |
![]() Strata insurance |
| By phone: 13 10 10 |
![]() Strata insurance |
| Via an online form |
Yes. Strata insurance is mandatory under each state's relevant strata legislation. Just as drivers must have CTP each strata title owner is required to have sufficient strata insurance.
The details change a little in each state, but generally your body corporate will need a few types of cover:
To find out the details of what your building needs, speak to your strata manager.
Each policy is different and you should check what is covered under your policy. However, strata insurance typically covers the common and/or shared property as defined by the title of the property.Confused as to what this all means? Basically, you’ll be covered for anything your tenants all have access to, such as:
All policies must provide liability cover in the event of injuries on common property.
Like all insurance policies, it’s the exclusions you need to take equal note of. Different providers include different exclusions, so be sure to read the terms and conditions carefully, as these can often be targeting certain risks, such as flood or landslides. But general exclusions are usually:
Each provider will have specific factors and considerations, but common factors that can affect premiums are:
Adjusting the level of excess payable at the time of a claim is another way of bringing premiums down.
Strata Insurance | Landlord Insurance |
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Strata insurance is split into two categories, residential and commercial. Basically, residential is for anyone living in a building and commercial is for any building that’s only used for business purposes.
Both residential and commercial strata properties are required to have the relevant insurance in place. Each state and territory has its own specific terms and conditions needed for strata insurance, and most providers will cater to certain states and strata types.
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We have 2 main buildings on our block of land. An original house at the front, a smaller unit at the back and a shed. There is no strata title or subdivision. It’s all on one title and immediate family that chose to live on the same property. Do you know What sort of insurance would cover us? Thanks
Hi Julie, In this case you should be OK with general home insurance – but you’d need to make it clear to the insurer that there are multiple buildings on the property and that the valuations are appropriate.
I would like to compare our building strata insurance policy.
Hi Christine,
You can compare building strata insurance via the comparison table found on this page under the section titled: “Who offers strata insurance?”
Regards,
James
I am looking for Strata insurance for two townhouse in the ACT.
Hi Vijay,
You’re in the right place. Above, you’ll find a table to help you compare your strata insurance options.
Should you have questions, don’t hesitate to reach out directly to the insurance provider.
Regards,
James
Can you provide insurers that will insure a Strata Title – Commercial building on the Cairns Northern Beach area?
Hi Alan,
Thanks for your question! In this instance, I’d probably say it might be best to get in contact with an insurance broker that specialises in cover for Northern Queensland. As I’m sure you’ve found already, getting cover in these areas is really hard. A broker should be able to bypass all this difficulty for you and help you find cover faster. I’d suggest just doing a google search of ‘strata insurance brokers North Queensland’. I’ve just had a look and it appears that there’s heaps of companies there that can help you.
I hope this helps! Feel free to reach out to me again if you’ve got any more questions.
Best,
Nikki
Can you please provide the names of some insurers that provide strata insurance to residential Company Title buildings?
Hi Laura,
Thanks for getting in touch with finder. I hope all is well with you. :)
On this page, you will read some of the strata insurance providers above. Please take special note of the details under the subheading, “Who offers strata insurance?” You will read that some of these insurers include AAMI, GIO, NRMA and RACQ.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua