Typically, owners corporation insurance does not cover the personal belongings of individual unit owners/residents. Owners corporation insurance only covers the shared or common property within the strata building.

The Community Association Insurance Plan covers shared property like roads and pathways, gardens and facilities. This policy covers your individual home and personal possessions.

The policy continues to protect the association, and Office Bearers’ cover (if selected) applies to committee members while they are acting within their role. 

In most states and territories, insuring community property is a legal requirement for registered community associations. 

Community property varies but typically includes assets such as shared roads and pathways, gardens, fences, utility infrastructure and facilities such as swimming pools or clubhouses that are owned by the association. 

No, this is an optional cover that can be added to protect committee members against claims arising from decisions made while performing their duties. 

No, individual lot owners will need separate Home & Contents or Landlord Insurance to cover their private property and belongings.