Strata Insurance
Strata Cover Made Easy
Comprehensive Protection for Shared Buildings and Common Areas
Managing a strata property means balancing responsibilities across multiple owners, tenants, and shared spaces. From lobbies and stairwells to car parks and swimming pools, any damage, accident, or liability can quickly become costly. That’s where LendPlus Strata Insurance provides peace of mind.
What Is Strata Insurance?
Strata Insurance protects the building’s shared areas and facilities — from lobbies and stairwells to car parks and pools. Whether residential or commercial, this cover helps safeguard the property against damage, loss, and liability. Premiums are generally arranged by the body corporate (or owners’ corporation) and split among all owners.
What’s Covered?
With LendPlus, strata insurance can be tailored to suit your building and lifestyle. Cover may include:
Structural Cover — walls, roofs, floors, and permanent fixtures.
Shared Spaces — lobbies, stairwells, hallways, and common gardens.
Facilities & Equipment — lifts, shared laundry, maintenance tools.
Car Parks & Garages — protection against damage or theft.
Recreational Areas — pools, gyms, or other shared amenities.
Public Liability — if someone is injured or property is damaged in common areas.
Simplifying Strata Risk Management
Shared property means shared responsibility — but managing that risk doesn’t need to be complex. With LendPlus Strata Insurance, property managers and body corporates can streamline protection, safeguard owners’ investments, and reduce financial stress when the unexpected happens.