Get a quote
Skip to Main Content

Strata insurance for South Australia

Cover for Adelaide and all over SA

Your SA strata corporation must take out insurance for essentials. Flex Insurance lets you tailor any extras to include only the things you need.

Flex insurance: Your South Australian Strata Insurance Solution

Strata insurance, also known as body corporate cover in South Australia, is a mandatory form of insurance required by law under the South Australian Strata Titles Act 1988. Strata title insurance protects the shared property and common areas of your strata scheme, providing financial security in case of unexpected events like damage, theft, or public liability claims. 

Here at Flex Insurance, we understand the unique needs of strata communities in South Australia. We offer flexible strata title insurance solutions tailored to your specific strata scheme, ensuring your property and residents are well-protected.

Get a quote

Essentials cover For Your Strata Title Insurance in Adelaide, South Australia

Under South Australian law – the Strata Titles Act 1988 (SA) and other legislation – essentials are covered in your Flex Residential Strata Insurance policy:

  • Your residential propertywhich includes the cost of damage and repairs to the buildings and common areas on your property, as well as floor, ceiling and balcony structures, external walls, entry areas, staircases and fire escapes, and the building’s plumbing and wiring.
  • Your liability to otherswhen someone is injured on common areas or something they own is damaged while at your property, your committee of owners may be found liable due to negligence and be ordered to pay compensation. This is covered by your policy’s automatic public liability insurance.
  • Fidelity guaranteemandatory in South Australia, this covers your strata corporation for financial losses from dishonesty, theft or fraud by a third party.

Optional Cover for Your Strata Policy

Flex Insurance lets you add optional extras to make sure you’re only paying for the things you really need. Additional cover can be included for:

  • Voluntary workers cover – to cover expenses for anyone who’s injured while doing unpaid work for your strata corporation.
  • Office bearer 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 – comes in very useful if you have lifts, water pumps, shared washing machines or common air conditioners. They can easily breakdown and cost to repair can be substantial.
  • Catastrophe cover – when widespread declared disaster strikes – like bushfire, earthquake or cyclone – the costs of repairs sky-rockets because of demand for tradespeople or materials. This cover allows for those increased expenses.
  • Government audit costs and legal expenses cover – provides cover in the event of a government audit, protection if the council of owners 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 increase 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.

Get a quote

Why choose Flex Insurance?

icon flexibility
Flexibility - design your own policy

Market leading fully flexible strata insurance with the ability to customise your policy to suit your strata building.

icon simple and affordable.
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.

icon claims
24/7 Claims

24/7 claims service and support with emergency assistance to get you back on your feet as soon as possible.

icon years of innovation
Over 40 Years of innovation

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

Who should get residential strata insurance in SA?

Here at Flex Insurance, we understand the unique needs of strata communities in South Australia.  Whether you're a self-managed scheme, a strata manager, or an insurance broker, we offer exceptional service, competitive rates, and flexible cover tailored to your specific requirements.

For Self-Managed Schemes

Managing strata insurance can feel overwhelming. Flex Insurance simplifies the process. Our policies are easy to understand and manage, and we provide clear guidance and resources to help you make informed decisions. Regardless of the size or age of your property, our flexible solution will fit your needs.

For 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.

For 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.

Frequently asked questions

  • Does Flex strata insurance cover regional SA?

    Does Flex strata insurance cover regional SA?

    Yes it does. While Adelaide might have most of the strata properties in South Australia, we know that cities and regional centres such as Gawler, Mount Gambier, Mount Barker, Victor Harbor, Port Lincoln, Whyalla and Murray Bridge also have their share of strata properties - all of which need reliable, tailored, strata insurance specific to SA.

  • Is strata insurance compulsory in SA?

    Is strata insurance compulsory in SA?

    In South Australia, sections 103 and 104 of the Community Titles Act 1996 and sections 30 and 31 of the Strata Titles Act 1988, require the strata corporation 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 personal injury or personal property damage that happens in connection with the strata’s common property
    3. Fidelity guarantee against fraud

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

  • What is not covered by residential strata insurance for a SA unit?

    What is not covered by residential strata insurance for a SA unit?

    While residential strata insurance protects the building and common areas, it doesn't extend to your personal belongings within your apartment.  For furniture, appliances, and other valuables, you'll need a separate contents insurance policy or landlord insurance if you're renting a strata unit.

  • How much does strata insurance cost in SA?

    How much does strata insurance cost in SA?

    The cost of strata insurance in South Australia can vary depending on several factors, including the size and age of the building, the level of cover chosen, the claims history of the scheme, and the excess amount. At Flex Insurance, we provide flexible cover with competitive pricing to ensure your strata building is fully covered in case  the unexpected happens.

  • Who pays excess on strata insurance claim?

    Who pays excess on strata insurance claim?

    The person or entity responsible for paying the excess on a strata insurance claim depends on the nature of the claim and the specific wording of your strata scheme's insurance policy.  Reference to your policy disclosure statement or discussion with your professional advisor will help guide you on what amount is applicable under what circumstances.

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