What insurance does a self-managed strata need?
Flatflo editorial team · Last reviewed 2026-10-20
Quick answer
Most states require building insurance for full replacement value and public liability insurance. Many buildings also take out office bearers' liability, fidelity and machinery cover, and workers' compensation if anyone is employed. Talk to a strata insurance broker.
The full answer
Insurance must stay current with no gaps, so track renewal dates carefully. Flatflo sends reminders before policies expire.
Also asked as: strata insurance requirements
General information only, not legal advice. Strata rules differ between states and change over time; check your state's law or get advice for your situation. Last reviewed 2026-10-20.
Related questions
How often should we get an insurance valuation?Many states require or recommend a building replacement valuation every few years so the building isn't underinsured. Building costs change, so an old valuation can leave owners short after a major claim.How do we make a strata insurance claim?Make the area safe, take photos, contact the insurer or broker quickly and keep all invoices and reports. The committee usually lodges claims for common property damage. Tell affected owners what's happening.What safety checks does a strata building need?Depending on the building, regular checks may be needed for fire safety equipment, lifts, pools, backflow devices and more. Requirements vary by state and building type. Missing a check can put owners at risk and affect insurance.Do volunteers have workplace health and safety duties?Work health and safety laws can apply when contractors work on common property. Volunteer-run owners corporations may have reduced duties in some cases, but the building should still choose competent, insured contractors and fix known hazards. Get advice if unsure.