Strata Community Insurance

Allianz has partnered with Strata Community Insurance to deliver expertise to the strata market.We design policies that are different to our competition, continually looking to offer solutions that can help reduce financial exposure.

New design features

Our Residential Strata Insurance product has a number of new design features that are a first in our market, they include:

  • Loss of Lot Market Value - essential for those schemes with rebuilding restrictions
  • Terrorism cover for buildings up to $100M sum insured
  • Fusion cover not limited by kilowatt output - up to $5,000 in value
  • Emergency Accommodation for tenants in multiple unit events
  • Liability section extending to cover the Strata Manager in some situations
  • Automatic reinstatement of Office Bearers limit giving volunteer office bearers peace of mind

Areas of Focus

At Strata Community Insurance we focus on:

  • Prompt reimbursement/restoration following a loss
  • Risk mitigation throughout the insurance process
  • Product innovation
  • Risk transfer for Bodies Corporate and their committee members and
  • Risk mitigation for Strata Managers and Insurance Brokers

The Strength of Experience

Strata Community Insurance has historic origins, with our founders not only creating the first ever Strata Insurance product in Australia in 1978, but also going on to do the same in some of the world’s more challenging insurance markets – the United States of America, the United Kingdom and the Middle East. Since then it’s fair to say that many coverage innovations that you enjoy today were designed and introduced by our founders.

Next Steps