Strata managers and Bodies Corporate need to receive the right advice about the cover that’s right for them. While some strata insurance policies meet the minimum legislative requirements, they don’t necessarily provide owners with the additional protection that really counts.
Members of a Body Corporate have unlimited liability so their personal assets can be exposed in the event of a financial shortfall. You should read the insurance terms and exclusions carefully to ensure cover for each strata plan is adequate.
Cover for the building, common area contents and legal liability of the Body Corporate meets legislative requirements but specialist policies also include important complementary covers and optional benefits.
Combined cover for common property and legal liability. Cover is also available for lot owner’s homes and commercial buildings, and the legal liability associated with them. Complementary covers and additional benefits are also available.
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.