Non-Strata Insurance, Found Your Solution.
Major insurers pulling out? We connect Australian landlords of duplexes, triplexes, and unit blocks to specialist non-strata cover that others are no longer providing cover for.
✅ Fast turnaround times
✅ Multiple quote options provided
✅ Insurance specifically for non-strata property
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Stop Wasting Time: Why Major Insurers Are Pulling Out (And Where to Go Next)
If you've recently received a non-renewal notice or been declined by a major insurer, you’re not alone. Many of Australia’s largest direct insurers, including GIO, Honey Insurance, and Budget Direct, have made a fundamental shift, reducing their risk appetite for non-strata unit blocks across the country.
The good news? The problem isn't your property; it's the shrinking appetite of the direct market. As a broker, we don't rely on one set of rules. We have established relationships with specialist underwriters who are still actively writing non-strata cover for unique assets like yours.
When major insurers withdraw, property owners are often left with two bad options: an inadequate single-tenant landlord policy or an expensive, over-engineered commercial package. This market-wide change is creating real frustration and leaving landlords exposed.
Your Property Doesn't Fit the Mould: The Risks of Using Standard Insurance
A non-strata property is any residential unit block or dwelling with multiple occupancies (duplex, triplex, multiple villas, or small apartment complex) that is not governed by a formal Strata Plan or a Body Corporate. As the sole owner, you are entirely responsible for the structure, common property, and associated public liability.
Your non-strata block has unique risks that standard insurance cannot cover:
- A single-tenant landlord policy fails to cover shared structures (like the roof, foundations, and external walls) and common area liability.
- A generic commercial policy is often overpriced and padded with unnecessary commercial-grade coverage you don't need for a residential asset.
We access policies specifically designed for this ownership structure, ensuring you get the essential cover without the hidden gaps or unnecessary costs: full structural cover, comprehensive liability, and adequate loss of rent for all units.
The Broker Advantage: Access, Savings & Peace of Mind
When a direct insurer says 'No,' our process is just getting started. We leverage our network of niche underwriters and established relationships to secure cover for properties that have been declined elsewhere. This means we turn your declined application into genuine options.
The right policy saves you money twice: first, by preventing you from overpaying for expensive commercial cover, and second, by ensuring your policy is structured correctly to avoid devastating uninsured losses. We negotiate on your behalf to find the most competitive premium that still meets specialist compliance standards.
Forget the confusing forms and policy fine print. We handle the entire process, including securing high limits for Loss of Rent and ensuring your Public Liability covers the specific risks of owning a shared residential complex. Get effortless, expert service from application to claim.
Frequently asked questions
Why are insurers not insuring me (or pulling out of non-strata properties)?
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. Your broker’s value is providing access to the specialist insurers who have not changed their appetite.
What is the process for getting a non-strata quote with Tank Insurance?
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.
What is the difference between strata insurance and non-strata unit block insurance?
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.
Does non-strata insurance cover loss of rent?
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.
