VIM COVER:
Tailored Residential Strata Insurance for Complete Protection
Protecting Your Home and Community with Comprehensive Residential Strata Insurance
- Exceptional Protection
- Personalised Coverage
- Expert Support
- Competitive Solutions
- Reliable Peace of Mind
Start Your Quote Today:
About Us
We at VIM Cover are highly knowledgeable about residential strata insurance. We can assist in a general insurance broking capacity if you are a lot owner, a unit owner or a member of the Owners Corporation or Body Corporate. We focus on providing reliable insurance solutions and assistance to help give you confidence and peace of mind.
We understand the challenges of insuring homes in a strata scheme, and our insurance arrangements are designed to help protect your property, the common areas, and shared community assets in accordance with the insurer’s policy terms and conditions.
Why Choose VIM Cover?
Expertise
We have a team who specialize in strata insurance and have helped many residential strata properties in handling their risks, such as storm and water damage, liability, and sharing of assets, subject to insurer acceptance.
Personalisation
We do not offer a one-size-fits-all policy. Rather, we provide a service to help you find strata insurance options that may be suitable for your Residential Strata Plan, considering factors such as the building structure, common contents, and common areas, based on the information provided and insurer underwriting criteria.
Exceptional Assistance
Our service team provides support throughout the insurance process, from policy placement to claims assistance. We offer guidance to Owners Corporations, Office Bearers, and strata committee members without providing personal financial advice.
Competitive Pricing
We work with a range of reputable insurers, including CHU Underwriting Agencies Pty Ltd, to help source competitive insurance options. Premiums, terms, and coverage are subject to insurer assessment and approval.
Residential Strata Insurance Tailored to Your Needs
Residential strata insurance plays an important role in shared property ownership. It is not an individual home insurance product, but generally covers the building structure, facilities, and common areas on behalf of the Body Corporate or Owners Corporation as defined in the policy wording.
A residential strata insurance policy may include:
- Building insurance for insured physical components of the property
- Common contents insurance for shared items located in common areas
- Public liability cover for certain injuries or property damage occurring in common areas
Optional covers, subject to insurer terms, may include machinery breakdown, temporary accommodation in specific circumstances, and loss of rent.
Coverage, limits, exclusions, and conditions vary between insurers and policies.
Strata Insurance Claims
Filing a strata insurance claim can be complex. VIM Cover provides claims assistance services, helping you through the process from notification to resolution in line with insurer procedures. Final claim outcomes remain the insurer’s responsibility.
Our claims assistance team can help you understand policy wording, documentation requirements, and insurer processes.
Here are the claims we can help you with, subject to the policy wording and insurer assessment:
- Storm damage
- Water damage
- Accidental damage
- Public liability events
- Government audit costs, where insured under the policy
Why Choose VIM Cover for Your Residential Strata Insurance?
Customised Solutions
We assist in arranging insurance solutions that reflect your community’s needs and risks based on information provided and insurer underwriting criteria.
Professional Service
We will help you get your policy and support you when you need to make a claim, in line with the insurer's processes.
Competitive Insurance Solutions
Get value and protection from the best insurers we collaborate with, subject to insurer terms, conditions, and acceptance.
Exceptional Assistance
We aim to provide ongoing assistance and support throughout the insurance process. Our services are provided for general informational purposes. You can count on us for insurance broking support.
Get a Residential Strata Insurance Quote
The first line of defence for your strata-titled properties is having the right insurance coverage. Our quotations take into account the distinct characteristics of your property and requirements based on the information you provide and insurer underwriting requirements.
Protect your residential strata properties with tailored insurance solutions designed for your community. Speak to our insurance specialist today.
Get Your Quote Today
Frequently Asked Questions
The essence of residential strata insurance is in its provision for the community of all lot owners within a strata scheme. Coverage depends on the specific policy wording and insurer.
No, home insurance primarily covers your personal belongings and the interior of your unit. However, in most Australian states and territories, strata legislation requires Owners Corporations or Bodies Corporate to arrange strata insurance for shared assets and structural parts of strata-titled buildings.
A general policy goes for the physical structure of the building and common areas’ contents, and it also gives you the chance to cover certain risks, like machinery breakdown or provision of alternative accommodation, as optional extras.
Most personal unit owners for sure usually get personal contents or personal injury cover besides the collective strata policy taken by the Owners Corporation.