High-rise residential apartments require protection against several risk scenarios – from loss in rental to break-ins. This package policy is just the solution for it. Backed by our experience in insuring some of the largest strata developments in Australia plus our expertise in handling large, complex claims, it’s protection and service your clients can count on.
Coverage Highlights
What it covers
Chubb’s Body Corporate Elite package comprises eight policies specifically tailored to the needs of high-rise residential apartments and the management committee:
- Property insurance
- Property Damage
- Temporary Accommodation and Loss of Rent
- Catastrophe Extension and Owners Improvements
- Money
- Machinery Breakdown and First Loss Terrorism Extension
- General liability
- Crime insurance
- Machinery breakdown
- Management committee liability
- Voluntary workers insurance
- Professional expenses
- Appeal expenses
Benefits
- Broker-only distribution
- Claims service
- Substantial capacity
- Technical expertise
- Professional loss control advice
- Broad cover with higher limits
- Superior financial strength
- Competitive premiums
The product issuer Chubb Insurance Australia Ltd (Chubb) AFSL 239687 ABN 23 001 642 020, has prepared a Target Market Determination (TMD) for this product as required under section 994B of the Corporations Act 2001 (Cth). The TMD sets out who this product has been designed for and who it is not suitable for and identifies the conditions and restrictions on its distribution. A copy of the TMD for this product can be found here. The TMD is not a Product Disclosure Statement (PDS) and is not a summary of the product features or terms of the product. Persons interested in acquiring this product should carefully read the PDS before deciding whether to purchase this product.
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