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Most buildings find out at the claim.
Check whether your building is properly insured, get the valuation right, and go to market with numbers instead of guesses.
In New Zealand? Visit quarter.nz for body corporates.
Check whether your building is properly insured, get the valuation right, and go to market with numbers instead of guesses.
The job is the same everywhere. The rules, the words and the money are not. Pick your state or territory and we will show you the version that actually applies.
Strata Schemes Management Act 2015
New South Wales sets out the insurance obligation directly: an owners corporation must hold building insurance and public liability cover of at least $10 million, and it must insure for...
Read the NSW guideOwners Corporations Act 2006
Victorian owners corporations must hold reinstatement and replacement insurance for the building and public liability cover, and the state has a particular exposure right now: a large...
Read the VIC guideBody Corporate and Community Management Act 1997
Queensland bodies corporate must insure the building for full replacement value and hold public liability cover, and the state has the hardest strata insurance market in the country....
Read the QLD guideStrata Titles Act 1985
A Western Australian strata company must insure the buildings on the scheme for their full replacement value and hold public liability cover, and the 2020 reforms tightened what the...
Read the WA guideStrata Titles Act 1988 and Community Titles Act 1996
Insurance is compulsory for South Australian strata and community corporations — building insurance for replacement value and public liability cover — and because South Australia leaves...
Read the SA guideStrata Titles Act 1998
A Tasmanian body corporate must insure the building for replacement value and hold public liability cover. Because most Tasmanian schemes are small and self-managed, the practical risk is...
Read the TAS guideUnit Titles (Management) Act 2011
ACT owners corporations must hold building and public liability insurance under the Unit Titles (Management) Act 2011. Canberra's advantage is that the Act's sinking fund plan obligation...
Read the ACT guideUnit Titles Act 1975 and Unit Titles Schemes Act 2009
In the Northern Territory insurance is not an administrative task, it is the central financial question a body corporate faces. Cyclone exposure has made Territory strata premiums among...
Read the NT guideThe premium is one of the largest single lines in most buildings' budgets, and it is the one most often accepted without a question. Two questions — is the sum insured right, and what are we actually covered for — change the answer more than shopping around does.
Tell us about your building and we will show you exactly how Quarter would run it.
