{"id":5380,"date":"2021-01-07T10:36:00","date_gmt":"2021-01-07T00:06:00","guid":{"rendered":"https:\/\/www.byron-insurance.com.au\/insurance\/insurance-solutions\/personal\/residential-strata-insurance\/"},"modified":"2021-01-07T10:36:00","modified_gmt":"2021-01-07T00:06:00","slug":"residential-strata-insurance","status":"publish","type":"page","link":"https:\/\/www.byron-insurance.com.au\/insurance\/insurance-solutions\/personal\/residential-strata-insurance\/","title":{"rendered":"Residential Strata Insurance"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” top_margin=”40″ column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”2\/3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Residential Strata Insurance”][vc_column_text]Strata insurance is insurance that the owners corporation (also known as the body corporate) is obliged to take out to cover the building, common property and common area contents of a strata scheme.<\/p>\n

It is\u00a0mandatory for strata title properties to hold residential strata insurance across Australia.<\/p>\n

While each state and territory has different legislative requirements, it\u2019s designed to cover common areas as defined on the property\u2019s title including common property such as lawns, driveways, lifts and pools from events such as theft, storm, water, fire and malicious or accidental damage.<\/p>\n

Strata insurance must also provide liability cover in the event of personal injury in connection with the insured property.<\/p>\n

Strata insurance typically covers common area contents, the building and shared property in the event of loss or damage. Generally, events like theft of common area contents, repairs to damaged property managed by the owner’s corporation and the cost of recovery if disaster strikes are also included in strata insurance.[\/vc_column_text][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_global_section id=”5353″][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

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