Strata Property Insurance
Strata Managers & Body Corporate
Welcome to RGIB’s Strata Property Insurance Centre

Strata Property Insurance made easy for Property Owners & Strata Property Managers

‘Owners Corporation –and- Body Corporate’

Strata Property Insurance provides insurance cover for loss or damage to the insured ‘Strata Building(s)’ and its common property, such as pathways, walls, fences and contents in common such as a driveway for instance, or carpets on stairwells etc’ – and is available for;

  • Apartment Blocks [owners and/or rental tenants]
  • Townhouses, a Villa or Duplex
  • Factories, a Warehouse or Storage Units
  • Shopping Centre’s including Retail Shops and Offices

Indeed, Strata Property Insurance is necessary to ensure the common interests of property owners and stakeholders are covered; in some circumstances it’s a legal requirement.

RGIB’ is acknowledged as a market leader when it comes to Strata Property Insurance; indeed, we’re one of the pioneers of this class of insurance having been instrumental in the creation of the modern ‘Strata Property Insurance Package’ designed to cover multiple risks under just one plain English policy.

The Best Cover

Not every Strata Property insurance policy is the same; infact there are several Underwriters active in the strata insurance market, each offering policies to cover a variety of risks however; when we arrange strata insurance for an Owners Corporation/Body Corporate we aim to deliver an affordable insurance package that covers;

Buildings & Common Contents - covers the building and common contents for physical loss, damage or destruction by any cause not otherwise excluded; and includes;

  • Fire;
  • Storm &/or Tempest;
  • Flood; in most but not all circumstances
  • Earthquake &/or Cyclone
  • Explosion of Boilers;
  • Theft, Burglary & Malicious Damage;
  • Accidental Damage …..…..  Aditional Benefits

Public Liability - covers the Owners Corporation/Body Corporate for their legal liability in respect to an occurrence that causes personal injury to third parties or damage to their property

Fidelity Guarantee - Fidelity Guarantee covers the amount of any loss that the insured incurs as a result of an act of fraud, or the dishonest use of money or assets that belong to the Owners Corporation/Body Corporate.

Office Bearers Liability – [similar to Directors & Officers Liability] covers the amount that a person, who is a member or a former member of the committee of the governing body or duly appointed members of a sub-committee of the Owners Corporation/Body Corporate, is liable to pay, as a result of that person actually or allegedly:

  • failing to comply with that person’s duty;
  • not carrying out that person’s duty properly;
  • incorrectly acting;
  • making an incorrect or misleading statement;

Machinery Breakdown – covers against sudden and unforeseen physical destruction or physical damage to machinery that requires repair or replacement to enable normal working of the machinery to continue.

Voluntary Workers Personal Accident - provides monetary benefits in the event that a voluntary worker is injured or dies as a result of an accident while carrying out that voluntary work on the building; a tenant undertaking volunteer gardening.

Workers Compensation – is usually always a compulsory requirement if employing a person in any capacity; to provide cover in respect to any amount the Owners Corporation/Body Corporate.

You can have as little or as much cover as your require

How to go about arranging Strata Property Insurance

Owners Corporation &/or Body Corporate - The first step is to contact RGIB Insurance Broking; once engaged one of our qualified experienced account mangers will set about analyzing your strata property insurance requirements in order to prepare an advice on what we believe would be the best solution for you; our services include:-

  • New Business - tailoring an affordable strata property insurance package to suit your requirements;
  • Renewals - obtaining alternative insurance quotes and terms for renewal of an existing strata insurance cover;
  • On Going Services - managing the ongoing insurance cover; including providing assistance with claims and enquires as needed.

Strata Managers [independent service providers] – We have arrangements with a number of professional Strata Managers who understand that arranging strata property insurance is a job for a professionally qualified insurance broker with access to a number of specialist Underwriters so as to ensure their strata clients receive the best insurance cover at the best prices every time.

We welcome enquires from Strata Managers.

  For a No Obligation - Free Insurance Quote you have a couple of choices:-

     Telephone us and speak directly with one of our experienced staff:
  Email us Quick & Brief Details and we will phone you at a time requested:  

RGIB provides a wide range of Strata Property Insurance products & services to Strata corporations and Strata managers in New Zealand.
© Copyright 2008 Rural & General Insurance Broking (New Zealand). All Rights Reserved.