Strata Insurance

It's cover for residential strata or
body corporate buildings

Top Strata Residential Insurance

Feel better protected with $20 million legal liability cover

From flood cover to protecting against accidental loss or damage, GIO has it covered with our Strata Insurance. Designed for residential buildings under a strata, group, body corporate or community title, it provides cover for the building and its common contents.

Strata Insurance provides:

  • Motor burnout cover for electric motors that are less than
    11 years old, which are part of the building or common
  • Up to 12 months temporary accommodation costs if a unit
    in the building is damaged an unliveable (limit applies)
  • Up to 12 months of unit owner’s rent if a tenanted unit in the
    building is damaged and unliveable (limit applies)
  • Up to $20 million legal liability cover
  • Choice of one annual payment or pay by the month 
    (it costs more to pay by the month)
Get a quote today - Call 13 10 10  


Strata Insurance Features

Our Strata Insurance provides:

Emergency repairs We will cover the cost of having to do emergency repairs to your building and common contents if an insured event causes loss or damage. The most we will pay for emergency repairs is $1,000.
Exploration costs to find the
source of water leaks
We will cover up to $500 for the cost of searching for the unknown source of leaks in pipes and water containers but only if the leaking liquid is causing permanent damage to your building or common contents.
Embezzlement of funds Fraudulent embezzlement or theft of your funds by office bearers or your employees up to $50,000. Must be discovered within 12 months after the end of the period of insurance during which the incident occurred.
Removal of debris When your building is damaged in an insured incident, we will pay up to 10% of the building sum insured to remove debris and, demolish the damaged parts. When your contents are damaged in an insured incident we will also store common contents while your building is being repaired, and dispose of damaged common contents. 
Lawns, garden areas, trees,
shrubs and plants on
common areas
You will be covered for an insured incident up to $5,000.
Replacement of locks If keys or key codes are stolen, we will pay up to $1,000 to replace them.
Office bearer's liability We will cover you up to $1 million for any claim made against the office bearer.
Voluntary workers cover    We will cover voluntary workers for injury or death for agreed work that they are performing on the property (limits apply).


Ways to save

GIO is committed to giving you the best deal on your Strata Insurance.

  • Reduce your premium by increasing your excess.


Insurance is issued by AAI Limited ABN 48 005 297 807 trading as GIO. Please read the Strata Insurance Product Disclosure Statement before making any decision regarding this product. Contact us for a copy.