Non Strata Property Insurance

You’d have to ask the specific insurer for their exact underwriting guidelines, but the general market trend is due to a "hardening" global insurance market. This is driven by three main factors:

1) Catastrophe Costs: Increased frequency and severity of extreme weather events (floods, cyclones) leading to higher claim payouts.
2) Construction Inflation: Significant rise in building and repair costs, meaning it costs more to rebuild a property.
3) Niche Risk: When the market tightens, insurers shed complex, non-standard risks like non-strata unit blocks to reduce their overall exposure.

Yes. The direct market often caps coverage between $2M and $3M. We have access to commercial-grade residential wordings that allow for larger Sums Insured, ensuring you are not dangerously underinsured. See how we placed cover for a Sydney block with $4M sum insured.

Simple and effortless.
1. Share Details: Complete our online form to provide the property address and structure details.
2. We Search: We utilise our specialist market access to source quotes.
3. Cover Placed: We present the best option and place your cover, handling all the complexity. Read how we helped a regional NSW landlord with a 16-unit block.

Strata is required for properties managed by a Body Corporate, covering common property and structure. Non-Strata insurance is required when there is no Body Corporate. It is a single policy that the owner must take out to cover the entire structure, shared common areas, and liability for the block. See our Block of Units Insurance page for more details.

Yes, a quality non-strata policy should include generous Loss of Rent or Alternative Accommodation coverage if the entire building is rendered uninhabitable due to an insured event. We ensure the sum insured is adequate for all units in your block.