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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.

Essentials cover

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

  • Your property – such as the cost of any damage or repairs to your buildings and common areas, structural floors and ceilings, balconies and balustrades, external walls, steps and staircases.
  • Your liability to others – when an injury or property damage occurs to someone visiting the building, public liability insurance covers the liability for expenses your strata corporation is ordered to pay due to negligence.
  • Fidelity guarantee – mandatory in South Australia, this covers your strata corporation for financial losses from dishonesty, theft or fraud by a third party.

Optional extras

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 – this is very useful if you have lifts, machinery, water pumps, and other motor-driven equipment, as repairs can be expensive. Catastrophe cover – in case of a declared widespread catastrophe, such as a bushfire, building repair costs can soar because of the high demand for tradies and builders. This cover takes care of those unusually high expenses.
  • 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 – looks after any shortfall between the estimated replacement cost of your building versus the actual replacement cost when any improvements or renovations are factored-in for which the Body Corporate was unaware.

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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 right cover 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.

Important documents

Name Link
Product Disclosure Statement and Policy Wording for policies effective from 1 January 2022 Download
Product Disclosure Statement and Policy Wording for policies effective from 20 July 2021 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.
What's changed for PDS and Policy Wording effective 1 January 2022
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 February 2021 - 19 July 2021 Download
1 page Flyer Download
Flex Insurance and CHU comparison flyer Download