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Residential Strata

Building insurance that you build yourself

Why pay for cover you don’t need? Flex Residential Strata Insurance lets you choose what’s in and what’s out, while still protecting all the basics.

Automatic inclusions

Every insurance policy needs to start somewhere, and we start with the cover that your state’s laws require and build from there. All our policies include the basics such as insurance for the property and public liability.  
 
Automatic inclusions (required by law):

  • Your property
    All standard strata insurance policies begin with your property. This cover insures you for the cost of any damage or repairs to your buildings and common areas, including wiring and plumbing, flooring and strata-owned fixtures that are part of the general fabric of the building.

  • Your liability to others
    If someone is injured (or their property is damaged) while they’re at your property, they could potentially sue the owners’ corporation (body corporate). This is where public liability insurance comes in – to cover legal bills and any expenses or costs that the owners’ corporation (body corporate) may be required to pay due to negligence. 

The choice is yours

At last, strata insurance that lets you include only those things you need. At Flex Insurance we don’t believe that one-size-fits all, so we let you tailor your cover by adding in options.

It’s simple, straightforward and saves you money. What more could you ask for?  

Well… these optional inclusions are a good start.

  • Voluntary workers' cover

    Compulsory in NSW but optional in all other states and territories, voluntary workers' insurance covers anyone who is injured (or worse) while doing unpaid work for your owners’ corporation.

  • Workers compensation

    Cover for loss of wages and medical costs if an employee of your owners’ corporation suffers an injury at work. Available as an optional extra in ACT, TAS and WA only.

  • Fidelity guarantee

    Optional in all states except SA, fidelity guarantee covers your owners’ corporation for financial losses that come about due to fraud or theft. 

  • Office bearers' legal liability

    If your strata committee is involved in a law suit, this inclusion can help cover the cost of defending the legal claim against you, and any payments your committee members need to make.

  • Machinery breakdown

    Important for when you have lifts and elevators, but it also covers shared appliances such as fused motors in communal washing machines, basement water pumps or, in most states, even air conditioners. 

  • Catastrophe cover

    When serious disaster strikes, such as bushfire, cyclone or earthquake, this option comes into effect when the government declares a catastrophe. It covers the increased cost of building and repairs, due to the huge demand for builders and tradespeople.

  • Government audit costs and legal expenses

    Provides cover in the event of a government audit, protection if the Body Corporate needs to appeal an unreasonable Order imposed by a statutory body and provides cover for legal defence costs

  • Lot owners' fixtures and improvements

    This option is available to cover any shortfall between your building’s estimated replacement cost and its actual replacement cost when any improvements or renovations made by the property owner are included which the Body Corporate may not have been aware of.

Start building your cover now

Important documents

Name Link
Product Disclosure Statement and Policy Wording Download
Residential Strata Insurance Quick Guide Download
Residential Strata Insurance Policy Comparison Download

Frequently asked questions

  • Everywhere is different

    No two states are the same, and unfortunately neither are their strata insurance laws – but you don’t need to worry about that. Flex Insurance knows all the ins and outs of each state’s laws, so all your strata requirements are covered, no matter where in Australia you live.

  • We’re always here for you

    We know that trouble can strike at any time, so we’re on hand to help you out whenever you need. Our 24/7 claims service can help sort things out, including emergency assistance, simply and swiftly to get everything back on track as soon as possible.

  • Simply better strata insurance

    Who said strata insurance needs to be complex? Not us! We keep it simple and straightforward by cutting out all the confusing jargon and just giving you everything you need to make the right choice for your strata.

Flex Insurance is perfect for...

Self-Managed Schemes

Big or small, experienced or new to the game, Flex Insurance takes the stress, guesswork and expense out of strata insurance, with user-friendly policies that you can tailor to suit your needs.

Strata managers

Your clients will love you when you tell them you can save them money and still give them peace-of-mind, because that’s what we’re here for – professional service, expert advice, flexible policies and value for money.

Insurance brokers

Whether you specialise in strata or it’s just part of your insurance service, we’re here to help you provide the best guidance to your clients, by offering outstanding tailor-made cover that’s affordable and reliable. 

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Why choose Flex Insurance?

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Flexibility - design your own policy

Market leading fully flexible strata insurance with the ability to customise your policy to suit your strata building.

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Simple and Affordable

Flex cuts through the confusing insurance jargon with easy to understand strata policies helping you choose the right cover for you.

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24/7 Claims

24/7 claims service and support with emergency assistance to get you back on your feet as soon as possible.

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40 Years of innovation

Supported by Australia’s leading strata specialist CHU Underwriting Agencies.