Property Insurance
Strata Insurance
Every owners’ corporation (also known as the body corporate) is obliged to take out Strata Insurance to cover the building, common property and common area contents of a strata scheme. Insurance is available for both residential strata and commercial strata properties.
What is it?
Every owners’ corporation (also known as the body corporate) is obliged to take out Strata Insurance to cover the building, common property and common area contents of a strata scheme. Insurance is available for both residential strata and commercial strata properties.
What does it cover?
Strata Insurance generally provides cover for natural disasters, as well as fire, theft, flood, storm and water damage to common areas. Common areas can include floors, walls and ceilings, balconies, gardens, lifts, car parks, pools, spas and tennis courts. Every policy and State is different, so it’s important to be aware of the specific insurance cover requirements of your strata agreement.
Strata Insurance also gives you the option to include Public Liability, providing cover against third party damage or injuries that may occur on your premises.
To discuss the right options for you, contact your local Targeted Insurance Solutions Representative today.
Commercial Property Insurance
Cover for loss or damage to your physical business assets in the event of an incident occurring.
What is it?
Cover for loss or damage to your physical business assets in the event of an incident occurring.
What does it cover?
Property Insurance, also known as Industrial Special Risks, covers the material items of your business such as buildings, contents, stock, plant and machinery. The policy normally covers a variety of insured perils, however there are various considerations to be made when selecting the right Property Insurance for your business. Some examples include:
- Has the occupancy and use of your premises been adequately disclosed to the insurer?
- Is your sum insured adequate? How have you determined your sum insured?
- Could you build somewhere else in the event of your property being destroyed?
- Are your contents covered inside the building and outside?
- Is accidental damage covered, and to what extent?
- Are your demolition and removal of debris costs covered?
With so much to keep in mind, Property Insurance can be more complicated than it initially seems. The best way to navigate the options and ensure you’re fully protected is to speak with a Targeted Insurance Solutions Authorised Representative.
Property Owners Insurance
Cover for loss or damage to your physical business assets in the event of an incident occurring.
What is it?
Cover for loss or damage to your physical business assets in the event of an incident occurring.
What does it cover?
Property Insurance, also known as Industrial Special Risks, covers the material items of your business such as buildings, contents, stock, plant and machinery. The policy normally covers a variety of insured perils, however there are various considerations to be made when selecting the right Property Insurance for your business. Some examples include:
- Has the occupancy and use of your premises been adequately disclosed to the insurer?
- Is your sum insured adequate? How have you determined your sum insured?
- Could you build somewhere else in the event of your property being destroyed?
- Are your contents covered inside the building and outside?
- Is accidental damage covered, and to what extent?
- Are your demolition and removal of debris costs covered?