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Body Corporate Cover

Tailored insurance for body corporate and strata committees

Flex Residential Strata Insurance covers your body corporate for all the essentials and lets you choose extras. It’s insurance you build yourself.

Automatic inclusions

Different states have different strata insurance requirements but since Flex are the experts in strata property cover, you can be sure that your Flex insurance covers all your essentials - the property, public liability and more.

Automatic inclusions (required by law):

  • Your property
    Naturally, the first thing you need to cover is your property. Your Flex insurance policy covers you and your body corporate for the cost of damage or repairs to buildings and common assets, including wiring and plumbing, carports and garages, flooring, and strata-owned fixtures that are part of the general fabric of the building.
  • Your liability to others
    If somebody visiting your property suffers an injury or asset damage, it could lead to a law suit against the owners corporation (body corporate). Public liability insurance helps to cover legal expenses and costs that the owners corporation (body corporate) may be ordered to pay due to negligence.

Your body corp can choose

Every strata property is different and when it comes to body corporate cover, one size does not fit all. So, at Flex Insurance we let you tailor your insurance by adding in options that match your needs.

It’s simple, straightforward and saves you money.

Optional cover to meet your needs

  • Voluntary workers' cover

    Optional in all states and territories except NSW – where it’s compulsory – voluntary workers’ insurance covers anyone who is injured (or worse) while doing voluntary work for your owners corporation.

  • Workers compensation

    This covers loss of wages and medical costs if someone who works for your owners corporation suffers an injury at work. In ACT, TAS and WA this cover is compulsory.

  • Fidelity guarantee

    Compulsory in SA, but optional everywhere else, fidelity guarantee covers your body corporate for losses that come about due to fraud or theft of body corporate funds.

  • Office bearers' legal liability

    If someone brings a lawsuit against the strata committee, this option can help cover the cost of defending the claim against the individual committee members and also cover any payments they are required to make.

  • Machinery breakdown

    If your property has lifts and elevators, this can save you a lot in repair bills. But it also covers things like fused motors in communal washing machines, basement water pumps and, in most states, even air conditioners.

  • Catastrophe cover

    If a major disaster strikes, such as bushfire or cyclone, the cost of repairs can skyrocket due to increased demand on builders. This option comes into effect after a government-declared catastrophe to cover such increases.

  • 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 can cover any shortfall between your building’s estimated replacement cost and its actual replacement cost when improvements or renovations have been made by an individual property owner, which the body corporate might not be aware of.

Start building your cover now

Important documents

Name Link
Product Disclosure Statement and Policy Wording Download

Frequently asked questions

  • Everywhere is different

    Each state has its own strata insurance laws – but if you’re with Flex Insurance, you don’t need to worry about that. We know all the ins and outs of different state’s laws, so all your strata requirements are covered, no matter where in Australia you live.

  • We’re always here for you

    Disaster can happen at any time, so we’re on hand 24/7 to get back on track. Our round-the-clock claims service can help sort things out, including emergency assistance, simply and swiftly.

  • Simply better strata insurance

    Strata insurance doesn’t need to be complex! Flex Insurance keeps it simple and straightforward by removing all the jargon and just giving you everything you need to make the right choice for your body corporate.

Flex Insurance is perfect for...

Self-managed schemes

Flex Insurance takes the guesswork, headaches and expense out of strata insurance. Whether you’re large or small, experienced or new to the game, our user-friendly policies can be tailored to suit your needs.

Strata managers

Give your clients what they need and save them money with strata insurance they can tailor to suit their needs. And because Flex Insurance are strata insurance specialists, they’ll enjoy professional service, expert advice, flexible policies and value for money.

Insurance brokers

Whether you’re a strata specialist or it’s just part of your insurance service, Flex Insurance can help you give the best guidance to your clients, through our tailor-made cover that’s affordable, reliable and up-to-date.

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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.