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Megalines Insurance And Risk Advisers

Megalines Insurance And Risk Advisers

For over 12 years, we have been relentless in building quality and effective Insurance programs for our teeming Clients in various Industries and of every size.

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Strata Insurance

You are here: Home / Strata Insurance

What is Strata Insurance?

If you own a townhouse, unit, or apartment, and your sharing common space with others, you don’t want to be left to foot the bill if there’s damage to shared parts of the building or items..

Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owner’s corporation.

Who should consider it?

Strata insurance is compulsory in every state - so if you’re part of an owners’ corporation in a townhouse, unit, flat, apartment or duplex, the owner’s corporation will need strata insurance.

An insurance broker can arrange strata insurance on behalf of the owners’ corporation.

Strata Community Association

As a strata owner, you also have a share of an unlimited liability for anything that goes wrong, which is why strata insurance is compulsory in every state and territory.

Did you know?

  • strata-1

    Strata insurance premiums vary, depending on the level of risk exposure of the area where the building is located (Insurance council of Australia, Strata Owners’ Fact Sheet, 2018)

  • strata-2

    According to the Insurance Council of Australia, many strata schemes pay around a third of the premiums of an equivalent stand-alone home policy (Strata Community Association, Understanding Stata, 2018)

  • strata-3

    The number of apartments in Australia is increasing - with a 30.6% rise in apartment approvals predicted in November 2017 (ABC website, “Apartment boom continues as development approvals jump” 2018)

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Management Liability Insurance

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Marine Transit Insurance

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Motor Insurance

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Public & Product Liability Insurance

Public & Product Liability Insurance

Strata Insurance

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Aviation Insurance

Aviation Insurance

Trade Credit Insurance

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Corporate Travel Insurance

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Workers Compensation Insurance

Workers Compensation Insurance

Landlord Insurance

Landlord Insurance

Home & Contents Insurance

Home & Contents Insurance

Ready to find out more?

Drop us a line today for a free quote!

Get in touch with us!
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Address

Megalines Place
Unit 112, Level 1
22-30 Wallace Avenue
Point Cook VIC 3030

Postal Address

PO BOX 6353
Point Cook VIC 3030

Phone

+61 3 8379 7300

Fax

+61 3 8677 9344

Email

info@megalines.com.au

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