Strata managers and brokers are under increasing pressure to demonstrate and communicate how their roles in arranging and administering strata insurance policies provide value and support owners. The claims process is one area where the collaboration between strata managers and brokers can truly demonstrate its strength. Why strata claims can be complex Multiple owners and high-value losses can often create complexity in the event of a claim. It’s not uncommon for claim event

Many homeowners are unaware that internal water damage poses a more common and costly risk than fire and burglary. While we generally protect our property against theft and fire with locking devices, alarm systems and smoke detectors, a far greater potential problem lies in wait – water damage. That sinking feeling The average water damage claim increased by 72% between 2014-2018, from $17,627 to $30,361*.  Water damage makes up 34% of an insurer’s property-related claims. Un

In today’s commercial strata environment, owners and strata managers face growing complexity in managing risk and ensuring that insurance cover remains appropriate. One often overlooked – yet crucial – aspect of this process is the early identification and disclosure of tenants in commercial strata complexes. Why it matters Insurers assess premiums and coverage terms based on the occupancy of each lot. The type of tenant – whether it’s an office, café, warehouse, or light ind

...when it's stormwater, of course. To avoid confusing flood with other water perils, Australia has had a standard definition of flood...

This article is based on content from The WA Strata Magazine by LookUpStrata, published in July 2025, pages 34-35. For more information, visit The WA Strata Magazine . What you need to know Understanding strata insurance is essential for both strata council members and lot owners. While it's a legal requirement for all strata companies, the type and scope of insurance can vary significantly depending on the nature of the scheme (strata scheme or a survey-strata scheme). This

Workers’ compensation insurance protects employers and injured workers from financial costs if a worker suffers a work-related injury or disease. These costs could include a one-off lump sum payment, income replacement, medical and rehabilitation expenses, or support when returning to work. What you need to know Workers' Compensation insurance is mandatory for businesses that engage workers. This includes strata companies. Under the legislation, the definition of a Worker is

In WA, properties can be part of a ‘built strata’ scheme or a survey-strata scheme. In both types of scheme, owners share ownership and responsibility for common property. However, in a survey-strata scheme, only lot boundaries and common property are shown on the survey-strata plan. It doesn’t show any buildings. This has some implications for insurance arrangements. There are two ways survey-strata schemes can insure common property and lots – individually or together. Indi

Understanding Strata Schemes and Strata Insurance Responsibilities Strata properties require the right insurance coverage to protect owners and residents from potential risks. Understanding the different types of strata schemes and their insurance requirements is essential to ensure owners are adequately protected. CHU specialises in strata insurance and strata services. This includes a range of insurance options depending on the property owner’s circumstances and the unique

Insurers focus on infrastructure risks with older buildings, like electrical and plumbing services, where failure could be catastrophic. Strata schemes need to allocate money in their Reserve Fund for major infrastructure upgrades. However, being proactive with ongoing maintenance and regular inspections can help strata schemes keep their property safe and operable day-to-day. You can read more about understanding the risks with ageing strata schemes via the link below. This

Steve Elliott Lync Insurance Brokers is excited to announce a new chapter in its journey with the appointment of Steve Elliott as our General Manager. With a wealth of experience in leadership and business growth, Steve joins Lync to continue building on the company’s strong foundation and to lead the team into an exciting future. Having recently spent 10 years at Macquarie Bank, Steve is no stranger to Strata Management. His strategic mindset and client-first approach make h

Proactive and regular maintenance is crucial for strata properties, just as it is for residential homes.

Effective property management within strata requires a balance of preventative care and responsive support during claims.

Strata properties in Western Australia are commonly recommended to conduct a regular building valuation every five years. 

Apartment ownership presents a positive opportunity for first-time buyers and seasoned investors alike.

Chubb Strata Insurance is a comprehensive package designed to meet the unique coverage requirements of strata and community title property.

Lithium-ion batteries have become common place in our modern lives, powering everything from smartphones to electric vehicles

If we ever needed evidence that the world is getting hotter, a look at the blistering heatwave in Western Australia this summer should have

When lodging a claim for your strata insurance, it is important to include information about the probable cause of the damage.

Fires, floods, and other natural disasters that devastate homes and communities are constantly in our news it seems.

For strata property owners, the common areas are a shared responsibility. This puts strata owners in a unique position, where their insuranc