Strata Insurance

This is the amount you choose to insure for. It's important that your sum insured reflects the value of what you want to insure as it’s the maximum we'll pay for any one incident if you need to make a claim. You should regularly review your sum insured to ensure it remains accurate.

Covers electric motors in household equipment and appliances under 11 years old when they burnout or fuse. This includes things like the motor in your fridge, air conditioning unit or swimming pool pump.

We'll pay for the reasonable cost of searching for the source of leaks in pipes and water containers at the insured address and restoring damage caused by the exploration work.

Provides up to $20 million to pay compensation for death or injury to other people, including all associated legal costs, for loss or damage to their property. For example, with property cover, if someone's injured falling down your stairs, which you’re held legally liable for, we cover damages (money paid to the victim as compensation) including all associated legal costs up to $20 million.

Provides up to $20 million to pay compensation, including all associated legal costs, for death or injury to other people, or loss or damage to their property. For example, with home cover, if someone's injured falling down your stairs, which you're held legally liable for, we cover damages (money paid to the victim as compensation) including all associated legal costs up to $20 million.

Provides up to $20 million to pay compensation, including all associated legal costs, for death or injury to other people, or loss or damage to their property resulting from an incident anywhere in Australia or New Zealand.

Provides cover for fraudulent embezzlement or theft, misappropriation or conversion of your funds by office bearers or your employees.

If contents are insured in a unit we cover the fittings that aren’t legally part of the building according to the relevant state or territory law such as lino, floating wooden floors, air conditioners for the sole use of your tenants and wall paint and paper in New South Wales.

If the property can't be lived in after an insured event, we'll pay the weekly rental amount for the time it should take to repair or rebuild the property so it can be lived in again. For up to 52 weeks and up to 10% of your property sum insured (the amount you insured your property for).

If an insured event damages the contents in the unit such that it cannot be lived in, we'll pay the weekly rental amount for the time it should take to repair or rebuild the contents so the unit can be lived in again. For up to 52 weeks and up to 10% of your contents sum insured (the amount you insured your contents for).

This covers loss of rent if your tenant leaves the property without notice or stops paying the rent while in the property. It provides cover up to $5,000 for up to 14 weeks, if you have a written rental agreement on a fixed term basis, or 2 weeks if you have a written rental agreement on a periodic basis.

This provides a buffer if the cost of repairing or rebuilding exceeds the amount you insured your home for, up to 25% of the property sum insured.

If your claim is covered we will pay up to a further percentage of the home sum insured to:

• repair or replace the home; or
• pay you the amount quoted by a member of our builder supplier network to repair or replace the home.

For example:

- With up to a further 25% Safety Net, if your sum insured is $400,000 you'll be covered for up to an additional $100,000.

This provides a buffer if the cost of repairing or rebuilding exceeds the amount you insured your home for due to an unexpected building price surge. 

For example:

- With up to a further 25% Safety Net, if your sum insured is $400,000 you'll be covered for up to an additional $100,000.

- With up to a further 30% Safety Net, if your sum insured is $400,000 you'll be covered for up to an additional $120,000.

We’ll pay the fee (no excess applies) charged by your security provider to respond if your monitored alarm is activated by an illegal or attempted break in, malicious damage or act of vandalism providing you supply evidence that it triggered the alarm. False alarms, like those triggered by a pet, and unknown triggers are not covered. Also referred to as security attendance fees.

If you're permanently moving to a new address in Australia, we'll cover your contents while they're being moved, for loss or damage caused by: fire; flood; collision, overturning, accident or theft of the vehicle carrying them.

These are items normally carried with you away from home like your mobile phone, jewellery, camera, tablet or laptop. It also includes sports equipment when not in use except for your bicycle which is covered when in use providing you aren't pace-making or racing.

Provides up to $20 million to pay compensation, including all associated legal costs, for death or injury to other people, or loss or damage to their property including all associated legal costs.

Covers electric motors in household equipment and appliances under 11 years old when they burnout or fuse. This includes things like the motor in your freestanding fridge.

Covers electric motors in household equipment and appliances under 11 years old when they burnout or fuse. This includes things like the motor in your air conditioning unit or swimming pool pump.

Covers electric motors in household equipment and appliances under 11 years old when they burnout or fuse. This includes things like the motor in your fridge or air conditioning unit.