Residential strata cover
built for real world living.
Residential strata comes with shared assets, shared responsibility, and a wide range of risks that can affect the whole community.
SUU’s residential strata cover is designed to protect you with comprehensive sections and practical benefits that support confidence in strata living.
The cover you need, with
practical features that go further.
Product coverage
Our comprehensive, multi section residential strata policy can provide cover for:
- Accidental damage, physical loss, or destruction to building & contents
- Glass breakage
- Office bearers’ liability
- Legal expenses for WH&S breaches
- Legal liability for the owners corporation or body corporate
- Theft and attempted theft
- Injury to voluntary workers
- Machinery breakdown
- Legal expenses following proceedings brought against you
- Fraudulent misappropriation of funds
- Government audit costs for financial affairs
- Lot owner improvements
Key features
Residential strata key features can include:
- Storm surge cover resulting from a named cyclone
- Office bearers’ cover extended up to 30 days following expiry
- Strata manager defence costs
- Liability cover for members, volunteers, voluntary workers, and fire wardens
- Automatic 15% catastrophe cover, with an optional additional 15%
- Office bearers’ cover including automatic reinstatement of sum insured
- Flood cover considered on request
- Liability and office bearers’ cover for the strata manager while acting in the body corporate capacity
- Automatic 15% loss of rent cover, with an optional additional 15%
- Office bearers’ cover for unintentional acts outside authority
- Optional floating floor cover
- Automatic paint and wall coverings cover (NSW and ACT)
Why you need residential strata insurance?
Because shared property means shared risk. Residential strata insurance helps protect the building, common areas, and the owners corporation when unexpected events affect the whole community.
Legal requirements
Residential strata insurance is typically required under strata legislation, helping owners corporations meet their obligations and maintain appropriate protection for the building and common property.
Financial protection
A single event can create large shared costs for repairs, replacement, and recovery. Residential strata cover helps protect the building and common assets, reducing the financial impact on lot owners.
Shared risk management
Shared property means shared responsibility. Cover can help manage liability exposures and governance risks connected to common areas, volunteers, and owners corporation decisions.
What helps us quote you faster.
The quickest path to a clean quote is a clear submission. Share the key details upfront and we can move faster, reduce back and forth, and get you an accurate outcome sooner.
Property address and building details
So we can confirm the risk location and the basic building profile.
Sum insured or building valuation information
Helps align the quote to the right level of building replacement cover.
Construction/risk details relevant to the building
Key details that can impact rating and terms, such as building features.
Claims history, where available
Gives context and helps avoid delays during assessment.
Strata plan and supporting documents
Lets us verify key information and keep the process moving.
Helpful answers and key documents.
Explore our most common questions, then review the Policy Overview, PDS and TMD to understand what’s covered.
Strata insurance typically covers the building structure and shared property rather than individual unit contents. It typically includes protection for the physical building (walls, roof, windows), common areas (hallways, lifts, gardens), and fixtures as defined as building in accordance with the building definition in the policy wording. It covers damage from events like fire, storm, earthquake, impact damage, and vandalism etc. It also provides public liability cover for injuries in shared spaces and may cover legal costs for the owners corporation. It ensures the building can be repaired or rebuilt if damaged. Some policies also have additional policy sections that can provide cover for many other exposures the body corporate may face – for full coverage details refer to the relevant PDS & Policy Wording.
Everything you need,
all in one place.
Get straight to the essentials. Access SUU Online to obtain a quote, manage key policy info, or lodge a claim when you need support.