Body Corporate Insurance
At RACQ Insurance, our focus is on providing competitive insurance policies for residential body corporate and strata plans.
We have specifically designed a policy to protect body corporate groups managing domestic home units in Queensland. With our Body Corporate Insurance, you can be sure you are protected.
To arrange a quote for Body Corporate Insurance, please call our friendly staff on 13 1905.
Reasons to choose our Body Corporate Insurance
- Cover for fire, theft, malicious or intentional damage
- Protection against loss of rent
- Cover for weather events including hail, storm, flash flood and cyclone
- Protection against the fraudulent use of body corporate funds
- Optional covers – Office Bearers' Legal Liability and Voluntary Workers Insurance
- Pay by the month – cut your bill into smaller, monthly repayments
With this policy you get
Check out the range of available benefits with our Body Corporate Insurance.
The benefits listed below are a summary only and limits apply. Please refer to your PDS for full details, claim limits, exclusions, terms and conditions.
You are covered for a wide range of events including storm, hail, flood, cyclone, fire, theft and malicious damage.
Legal liability cover - $20 million
We will insure you for your legal liability as an owner, occupier or building manager of the building.
Building fees and costs
We will pay up to 10% of the sum insured to help cover the fees and costs associated with rebuilding, repairing or replacing your building after an event. For example the cost of surveying work, design or demolition.
Contents in open air
We cover common contents in the open air at the property address up to the sum insured. This includes carports, verandas and screened enclosures.
We will pay up to $1,500 (for any one claim) for emergency repairs to avoid further damage after an accident or event. Emergency repairs can be on both the building and common contents.
We will insure you against the fraudulent misappropriation of funds which belong to you, by office bearers, a body corporate manager or service contractor. A maximum amount payable during a period of insurance is whatever is less, $30,000 or $1000 x the number of lots (units) shown on your plan.
Loss of rent
We will cover you for the incurred net loss of rent if your tenanted building or any lot within it that is occupied at the time, becomes unfit to live in due to loss or damage. This benefit pays which ever is the shorter period of time:
- the period that the building or any unit is unfit to live in; or
- 12 months.
Removal of fallen trees
We will pay up to $500 per claim for the cost of removing and disposing any trees that fall and cause damage to your building or common contents. Note that the removal of the tree stump is not covered.
If your building or any lot within it becomes unfit to live in as a direct result of loss or damage, we will arrange appropriate alternative accommodation for your tenants for a maximum period of 12 months.
Optional benefits are available with our Body Corporate Insurance policy, allowing you to extend your coverage for a nominal cost.
The benefits listed below are a summary only and limits apply. Please refer to your PDS for full details, claim limits, exclusions, and terms and conditions.
Office bearer’s legal liability
We will insure:
- your office bearers against their liability
- you against your liability to compensate your office bearers for their liability
- estates, heirs, legal representatives or assignees of deceased, incompetent or insolvent office bearers.
This will cover the cost of paying third party’s damages, costs and expenses in the event that a wrongful act is perpetrated by an office bearer of the body corporate.
Voluntary worker’s insurance
We will insure voluntary workers on your property against bodily injury, death or disability.
We offer you choice, flexibility and value for money
Due to the nature of Body Corporate Insurance we don't offer individual discounts on this policy. However our friendly staff are available 24 hours a day, seven days a week to provide you with a quote to suit your needs. Call us today on 13 1905.
To obtain a quote for Body Corporate Insurance call 13 1905 and speak with our friendly staff, seven days a week.