Residential strata insurance information

Mercantile Insurance Brokers can discuss insurance arrangements for residential strata buildings. The policy wording, schedule and endorsements set the cover, insured property, limits, excesses and exclusions. Terms depend on the insurer and the details presented for the building.

No commission. Broker fee only service model. We do not receive insurer commission for this strata broking service; our broker fee is disclosed in the quotation documents.

Common policy sections

Depending on the product and selected options, a residential strata policy may include:

• cover for defined building and common property against insured events
• legal liability cover, subject to the insured events, limits, exclusions and conditions
• optional or limited cover for catastrophe events, machinery breakdown, office bearers, voluntary workers or other specified risks
• business interruption or additional costs where provided by the wording and selected for the insured interest

Not every section is included in every policy. Check the schedule and wording, including any sublimits, event-specific excesses and endorsements. Contents within individual lots may be treated separately from building property; the relevant documents identify what is insured.

Request an insurance quotation

For a review, provide the current policy schedule and wording, the property information requested in the quote form, and details of any known claims. Insurers may request further information before offering terms.