Strata Insurance Review 

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What is Strata Insurance?

Strata Insurance, also known as body corporate insurance, is a type of insurance designed specifically for multi-unit buildings with shared areas and facilities.

It covers common property, shared spaces, and the building's structure, providing financial protection for both individual unit owners and the entire strata community.

Who needs Strata Insurance?

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Individual Unit Owners:
Individual unit owners need strata insurance primarily to protect their personal property and liabilities within their unit.

Strata Committees:
Strata committees need strata insurance to protect common areas, shared facilities, and the building's structure within the strata-titled property, ensuring financial protection for all unit owners and collective assets.

Property Managers:
Property managers need strata insurance to ensure compliance with insurance requirements, manage risks associated with the property they oversee, and protect their professional liability in the event of claims or disputes.

Why is Strata Insurance Essential?

Protection for Common Areas:
Strata Insurance covers common property elements, such as lobbies, stairwells, and recreational facilities. 

Liability Coverage:
Liability coverage protects the strata community from potential legal claims. This can include incidents that occur in common areas or result from the building's maintenance.

Building Structure Coverage:
The insurance typically extends to the building's structure, safeguarding against risks like fire, vandalism, or natural disasters. 

Compliance with Strata Laws:
Strata Insurance is a legal requirement in every state. Complying with these laws ensures that the strata community operates within legal boundaries.

Peace of Mind for Owners:
Strata Insurance provides peace of mind, knowing that the shared spaces and critical components of the building are insured can alleviate concerns about unforeseen events.  

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Contact our team today! 

Understanding the importance of Strata Insurance is crucial for property owners, strata committees, and managers in fostering a secure community. However, navigating the complexities of Strata Insurance requires expert advice and assistance. 

Our team at Metsure Insurance Brokers offers seamless claims service, cost-effective solutions by bypassing management fees, and a commitment to being quick, reliable, and competitive. Specializing in various strata types, Metsure provides tailored coverage, accessible through multiple insurers, and offers convenient payment splitting for property owners. 

For those seeking a reliable and client-focused insurance partner, our team is your solution.

Why choose Metsure Insurance Brokers? 

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Local

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Trusted

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All in one 

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Personal

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Phone: (07) 5438 8991
Email:  info@metsure.com.au
Address: 110 Nicklin Way, Warana
Postal: PO Box 1614, Buddina QLD 4575