You’d need a Strata policy if you own a home that shares common property, like buildings or outdoor areas, and where legislation states a body corporate or strata title must be formed.
In some states there’s no requirement for a body corporate or strata to be formed when you own a home that’s part of a complex, like an apartment building, or if you are the sole owner of a small block of units under a Freehold or Torrens Title. In these cases, we’re able to insure under a Home or Landlord policy.