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Insurance

Cover reviewed against a current valuation, renewals handled on time and claims coordinated, so the building and the common property are actually protected.

What it covers

Included as standard

  • Review of the level and type of cover held
  • Coordination of insurance valuations so the sum insured reflects reality
  • Renewals managed ahead of expiry, not on the day
  • Claims lodged and followed through with the insurer and contractors
  • Certificates of currency provided to owners and their lenders on request
  • Guidance on the difference between scheme cover and what an owner needs themselves
In New South Wales

A New South Wales owners corporation is required to hold building insurance for the full replacement value, based on a current valuation, along with public liability and other statutory covers. What the owners corporation insures and what a lot owner must insure themselves is a common misunderstanding, and it usually surfaces at the worst possible moment.

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Request a quote

Or call 1300 199 888 and speak to a manager.

How it works

From first call to done

1

We check what cover the scheme currently holds and when it expires.

2

We arrange a valuation where the sum insured looks out of date.

3

Options are presented to the strata committee before renewal, not after.

4

If a claim arises, we lodge it and coordinate the repair.

Questions

Insurance: common questions

Does the scheme insurance cover the contents of my lot?+
No. Scheme insurance covers the building and common property. Your own contents, and in many cases your fixtures and improvements, are yours to insure. If you are unsure where the line falls in your building, ask us before you need to claim.
How often should the building be revalued?+
Regularly enough that the sum insured still reflects what it would cost to rebuild. Construction costs have moved sharply, and a valuation that felt generous a few years ago may now leave the scheme underinsured.
Who lodges a claim?+
We do, on behalf of the scheme, for anything affecting common property. Tell your manager as soon as the damage occurs, and take photographs if it is safe to do so.

All strata questions

More

Everything else we handle

Strata Management

The day-to-day running of your scheme, handled by a named manager who knows your building, answers the phone and follows things through to the end.

Financial Management & Levies

Budgets, levies and reporting handled by a CPA-led accounting function, so your strata committee always knows what the scheme has, what it owes and what it is spending.

Meetings & AGMs

Strata Committee meetings and general meetings convened, chaired where required, minuted accurately and followed up, so decisions are properly made and properly recorded.

Maintenance & Repairs

Common property maintained by licensed, reliable contractors, with work planned ahead where possible and followed up until it is actually finished.

Compliance & By-Laws

Your obligations explained in plain language, and by-laws that are enforceable, current and actually suited to how your building is used.

Records & Administration

The roll, the registers and the paperwork kept accurate and accessible, which is the unglamorous backbone of a scheme that runs properly.

Communication & Owner Support

A real person to call, enquiries answered within 24 to 48 hours, and information owners can get to themselves when they would rather not call at all.

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Our brands
W.T. Newey & Co Strata Strata management, New South Wales W.T. Newey & Co Strata (QLD) Body corporate management, Queensland Strategia Strata Management Strata management, Sydney North Shore