Strata Insurance

Strata insurance generally does not cover personal belongings of residents, nor does it include landlord protection for rental properties. This means incidents like tenant theft or rental default are not covered under the strata policy.

Yes, each strata insurance policy has its own specific terms, conditions, and exclusions that vary between providers. It's essential to review your policy documents carefully to understand what is and isn't covered.

No, strata insurance alone is not comprehensive for individual owners or occupiers. We strongly recommend obtaining additional contents insurance and, if you're renting out your property, landlord protection insurance as well.

Landlords should consider contents coverage for fixtures like curtains, blinds, dishwashers, and in some cases, carpets and floating floors. While not mandatory, these protections are in your best financial interest.

Workers Compensation may be required by Strata Titles legislation in your state. Even when optional, it's advisable as contractors can hold the strata liable for injuries sustained while working on common property.

Workers Compensation is a government-regulated policy covering paid employees for wage loss and medical expenses. Voluntary Workers Personal Accident provides similar protection but specifically for people working on strata matters in a voluntary capacity.

Voluntary workers typically include strata committee members, owners who volunteer for maintenance tasks, or other residents who contribute their time without payment to help with strata community activities.

Yes, in some jurisdictions, strata schemes can be held responsible for injuries to contractors working on common areas, making Workers Compensation an important risk management consideration.

While not legally required, contents and landlord insurance are strongly recommended to protect your personal financial interests beyond what the strata policy covers.

Relying solely on strata insurance leaves significant gaps in your protection, particularly for personal possessions, landlord-related risks, and potential liability exposures not covered by the strata policy.