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Strata Insurance

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Clients in Focus

Why choose Chubb strata for your clients?

  • 20 years+ experience insuring some of the largest strata developments in Australia.
  • Substantial underwriting capacity.
  • Broad coverage with the ability to tailor a solution to the needs of your clients.   
  • Specialist strata underwriting team.
  • Exceptional claims service.
  • Superior financial strength and stability: Chubb Insurance is rated AA-/Stable by S&P in Australia.
Coverage Highlights

Learn about our policy coverage highlights

  • Cover for your building, common property, common contents and body corporate assets.
  • Cover for volumetric lots and stratum lots.
  • Loss of rent, temporary and emergency accommodation.
  • Machinery breakdown.
  • Crime.
  • General liability.
  • Management liability.
  • Audit expense.
  • Appeal expense.
  • Environmental impairment liability.
  • Voluntary workers insurance.


The policy exclusions include Lot owners’ contents, asbestos, faulty or defective workmanship, damage to insured property caused by any alterations or additions to the insured property over a certain sum, cyber and data loss, among other things.  Flood or action by the sea is optional cover, and is otherwise excluded.  For a full description of all exclusions, further information regarding the policy coverage, and conditions please review the Product Disclosure Statement (PDS) and Policy Wording



Core underwriting appetite

Property policy limits up to USD 650 million (including accumulation) General Liability Limit up to AUD 50 million and Management Committee Liability Limit up to AUD 20 million.

Preferred business

Non-preferred business

  • Residential strata (or similar) buildings (such as apartment complexes).
  • Commercial strata (or similar) buildings that have commercial occupancy such as office and retail.
  • Mixed residential and commercial strata (or similar) buildings.
  • Australian metropolitan locations that are not significantly catastrophe exposed.
  • Fire-resistive or non-combustible construction.
  • Non-strata (or similar) titled property.
  • Inferior or combustible construction.
  • Buildings predominately used for industrial purposes.
  • Buildings with tattoo parlours, brothels, adult entertainment, nightclubs or bars as tenants.
  • Vacant buildings.
  • Buildings awaiting demolition.
  • Risks with structural, fire life safety or other defects.
  • Risks undergoing construction, erection, alteration, addition, or partial dismantlement of existing structure.
  • Locations with significant catastrophe exposure.
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