Policy Overview

Commercial Landlord Insurance is designed to provide the necessary insurance protection in respect to commercially tenanted unit, i.e. strata title office suites, strata title shops and strata title factory units.

Section 1 – Property Cover

As an owner of a commercial strata unit you are responsible for any loss or damage to the following items within your unit:

• Paint on walls/wallpaper (NSW only)
• Carpet/carpet tiles
• Internal unit blinds/curtains
• Removable light fittings
• Dishwashers not permanently fixed
• Microwave ovens
• Refrigerators
• Washing machines
• Clothes dryers
• Mirrors
• Window air conditioners

Features of our policy include the following:

• Accidental Damage wording (as defined including fire and water damage).

Section 2 – Loss of Rent

Your tenant will cease paying rent or vacate the premises following property damage which renders the unit untenantable. This cover indemnifies you for this loss whilst repairs take place and up until the time the premises are re-occupied or re-let.

Section 3 – Theft

Covers you for theft of your fixtures and fittings or any furnishings that you may provide within the unit (e.g. partitions, desks, shelving etc).

Section 4 – Glass

Covers you for accidental breakage to plate glass.

Section 5 – Liability

Covers you for your legal liability in respect to an occurrence that causes personal injury to third parties or property damage to property belonging to third parties, which arises out of the ownership of your unit.

As an owner of a unit you are responsible for injury or damage that occurs within your unit. Generally the Body Corporate is responsible for common areas only.

Section 6 – Machinery Breakdown

Cover for machinery breakdown of items that you as an owner of a lot are responsible for i.e. items that do not form part of the Body Corporate property.

This overview is intended as only a brief summary of the features, benefits, and covers provided by the Strata Unit Underwriters Commercial Landlord Insurance Policy. Each section of the policy is subject to exclusions, terms and conditions. For full details of the cover provided please refer to the Policy Wording. Strata Unit Underwriters hold Australian Financial Services Licence Number 246719 and are authorised to provide Financial Product Advice and Deal in a Financial Product.