Where a strata scheme doesn’t use the services of a strata manager, lot owners must organise their own insurance cover.
Choosing the most appropriate and compliant insurance policy for your strata scheme can be complicated and time-consuming.
Engaging an experienced and qualified broker can save you time, reduce complexity and support you with independent advice and advocacy in the event of a claim.
We’ll also increase your confidence and peace of mind by assessing your risks and helping you gain a better understanding of all your legal obligations when arranging insurance on behalf of all the owners in the scheme.
Not all strata schemes employ a strata manager to help them manage the scheme and liaise with the committee.
For some smaller and less complex strata schemes with the appropriate experience and
understanding of strata legislation and obligations, taking responsibility for compliance and self-managing your strata property, including choosing insurance, may be suitable.
We always recommend Office Bearers get expert insurance advice and claims advocacy in owner-managed schemes. That’s because failing to comply with relevant state strata insurance legislation, and/or buying inadequate coverage, potentially exposes all the owners (jointly and severally) to financial shortfalls from any underinsurance.
BCB’s self-managed strata team can provide exceptional service and advice to the strata committee and lot owners. We can help you find the most suitable strata insurance policy, negotiate the best price and act as your advocate if you need to make a claim.
Let our team of experienced brokers find the right insurance policy for you.
BCB is Australia’s largest specialist strata insurance broker and one of the 475 strong Steadfast Group member network.
With over 25 years’ experience partnering with strata managers, BCB offers scale, market leading technology and technical expertise for strata and community living property and related insurances.
Working in the interests of the owners, BCB provides dedicated broking resources and a full market solution, complimented in-house claims expertise, including for large and catastrophic events.