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Strata insurance for Queensland

Tailored cover for Brisbane and beyond

When you own a strata property in Queensland your body corporate or community title scheme must take out strata insurance with certain basic cover.

Flex Strata Insurance QLD

Strata insurance, also known as body corporate insurance in Queensland. Our cover provided by body corporate insurance is comprehensive, typically including protection against structural damage to the building, common property, and shared assets, as well as incidents like fires, water damage, vandalism, and natural disasters.

Additionally, body corporate insurance may also offer liability coverage, protecting both the body corporate and individual unit owners from legal claims arising from accidents or injuries that occur within communal areas.

At Flex Insurance, we offer comprehensive cover including building cover and liability cover.

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Essentials cover for Body Corporate in QLD

Under Queensland law – the Body Corporate and Community Management Act 1997 (Qld) and other legislation – a number of items are automatically covered by your Flex Insurance, including:

  • Your residential property – including the cost of any damage or repairs to your buildings and common areas, such as the floor, ceiling and balcony structures, external walls, lobbies, stairwells and steps, and the building’s plumbing and wiring.
  • Your liability to others – if someone is injured on common areas or their property is damaged while at your address, this public liability insurance covers their expenses and costs that your body corporate is required to pay due to negligence.

Optional extras

Once the basics are looked after however, you can choose a range of options to add to your residential strata insurance, including:

  • Voluntary workers’ cover – insurance for anyone who is injured while carrying out unpaid work for your body corporate or community title scheme.
  • Fidelity guarantee – covers your body corporate for loss of Your funds due to theft or fraud by a member of your strata committee.
  • Office bearer’s legal liability – can help cover the cost of legal fees if there is a claim against your strata committee members, and any damages or costs you’re ordered by a Court to pay.
  • Machinery breakdown cover – for when there’s a fault with your lifts and elevators, shared washing machines, basement water pumps, fused motors and common area air conditioners.
  • Catastrophe cover – comes into effect after a declared catastrophe such as a cyclone, earthquake or major flood and is designed to cover the higher costs of repairs due to the increased demand for builders and tradespeople.
  • Government audit costs and legal expenses cover – 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 – often overlooked, but improvements and renovations to a unit which an Owners Corporation is unaware of can take the actual cost of building repairs well above the declared value of the building. This option covers that shortfall in event the building value is exhausted.

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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 cover that is best 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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Over 40 Years of innovation

Brought to you by Australia’s first and leading strata specialist CHU Underwriting Agencies.

Who needs strata insurance QLD?

Self-Managed Schemes

Irrespective of the size or age of your building, Flex Insurance relieves the stress, uncertainty and financial burden often associated with strata or body corporate insurance in QLD. Our adaptable policies are designed to cater to your individual requirements. Whether you need help managing your strata property or seeking expert insurance advice, we can connect you with the appropriate person for a discussion.

Strata managers

Your clients will appreciate knowing that we can offer them savings without compromising on peace of mind. Our commitment is to provide professional service, offer general advice, present flexible policies and ensure great value for money with our strata insurance within Queensland.

Insurance brokers

Whether strata insurance is your specialty or just one aspect of your insurance services, we're here to support you in delivering top-notch assistance to your clients. Our aim is to offer exceptional, custom-made coverage that is both affordable and dependable.

Important documents

Name Link
Product Disclosure Statement and Policy Wording for policies effective from 1 October 2023 Download
What has Changed for PDS and Policy Wording effective 1 October 2023
Outlines key policy changes, and should be read in conjunction with latest Product Disclosure Statement and Policy Wording.
Product Disclosure Statement and Policy Wording for policies effective from 1 January 2022 - 30 September 2023 Download
Target Market Determination (TMD)
Target Market Determination is a document that describes who the product is appropriate for (target market), and any conditions around how the product can be distributed to customers.
PDF Quote Form 
Download and complete a pdf quote form

Frequently asked questions

  • Is cover available for the Gold Coast and Sunshine Coast?

    Is cover available for the Gold Coast and Sunshine Coast?

    It certainly is. Surfers Paradise, Gold Coast and the Sunshine Coast have some of the highest concentrations of strata properties outside Australia's capital cities. So it makes sense that our flexible strata insurance is there to give peace of mind to body corporates and community title schemes, with specially tailored cover to meet all the requirements of Queensland property laws and regulations.

    The Flex cover also extends to some regional Queensland cities such as Toowoomba.

  • Is strata insurance compulsory in Queensland?

    Is strata insurance compulsory in Queensland?

    In Queensland, sections 197 and 206 of the Body Corporate and Community Management (Standard Module) Regulations 2020 require the body corporate to take out strata insurance to cover:

    1. The repair or replacement of the building and common property in the event of damage
    2. Public liability claims for injury or personal property damage that happens in connection with the strata’s common property

    Body corporates can also take out optional cover to include such things as theft and fraud, machinery breakdown, committee indemnity, and injury suffered by workers or volunteers.

  • Are owners required to have their own insurance in addition to strata insurance in Queensland?

    Are owners required to have their own insurance in addition to strata insurance in Queensland?

    Yes, owners are typically responsible for obtaining their own contents insurance to protect personal belongings, fixtures, and improvements within their individual unit. Strata insurance in Queensland does not cover the contents of individual units.

  • How can I find the right strata insurance policy for my property in Queensland?

    How can I find the right strata insurance policy for my property in Queensland?

    To find the right strata insurance policy for your property in Queensland, it's recommended to work with an experienced insurance broker or specialist who understands the unique needs of strata-titled properties. They can help you evaluate different policies and select the one that best fits your property's requirements.