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Non-Strata Property Insurance

Non Strata Property Insurance.

Specialist Insurance for Non-Strata Unit Blocks, Duplexes, and Triplexes.

Capacity

We cover blocks with 4+ dwellings (where most direct insurers stop).

High Value

We place risks up to $5M sum insured (where others cap at $2M).

Speed

Direct insurer access means we can provide initial options in as little as 1 hour

Industry Awards

Questions? Call us now on

02 9000 1155

MARKET OVERVIEW

What is Non-Strata Insurance and why is it hard to find?

Have you received a "Non-Renewal" notice or been told your property is "outside guidelines"? You aren't alone.

Major insurers like NRMA, GIO, and Budget Direct are tightening their risk appetites, leaving thousands of Australian landlords without cover for their residential unit blocks.

What is Non-Strata Insurance?

Non-Strata Residential insurance is for properties like blocks of flats, duplexes, or multiple units on a single title that do not have a Body Corporate to manage the policy.

Why are big insurers saying "No"?

It's rarely a problem with your building. It is a change in the global "Risk Appetite."

What is Non-Strata Insurance and why is it hard to find?

Reinsurance Costs

Rising global costs force insurers to shed "complex" risks.

Aggregation Risk

Insuring multiple units in one spot is seen as higher risk than insuring separate houses. Insurers prefer to spread risk.

The "Cap" Problem

Automated systems instantly decline blocks with more than 4 units, or a rebuild value over $3M.

This is where Tank Insurance steps in.

We access specialist underwriters who specifically look for these assets. We don't use a "computer says no" algorithm; we manually place your risk with insurers who want your business.

Modern apartment building representing Non-Strata Residential property

The 'Dual Policy' Trap: Are you exposed?

The Common Property Abyss

Many landlords try to cover non-strata properties by taking out separate policies for each unit (e.g., Policy A for Unit 1 and Policy B for Unit 2). This common practice creates a dangerous gap known as the Common Property Abyss.

Consider this Scenario:

A delivery driver trips on a cracked paver in the shared driveway that services both Unit 1 and Unit 2. They sue the owner for damages.

Policy A says: "We only cover the footprint of Unit 1. The driveway is common property."

Policy B says: "We only cover the footprint of Unit 2. The driveway is common property."

The Result: You, the owner, are personally liable for the legal costs and damages because neither policy explicitly covers the 'Common Area' Liability on the title.

The Solution: Non-Strata Master Policy

A specialised Non-Strata Master Policy covers the entire structure (roof, walls, foundations) and all common areas (driveways, fences, gardens) under one cohesive umbrella, ensuring no gaps in liability.
The Solution: Non-Strata Master Policy

THE BROKER ADVANTAGE

Access, Savings & Peace of Mind

Access to the Right Insurers

When a direct insurer says 'No,' our process is just getting started. We leverage our network of niche underwriters and established relationships to secure cover for properties declined elsewhere. We turn your declined application into genuine options.

Savings, Structure, and Compliance

The right policy saves you money in two ways:
1. By preventing you from overpaying for expensive commercial cover.
2. By ensuring your policy is structured correctly to avoid devastating uninsured losses.

Effortless Service

Get Effortless, Expert Service

Forget the confusing forms and policy fine print. We handle the entire process, including securing high limits for Loss of Rent and ensuring your Public Liability covers the specific risks of owning a shared residential complex. Get expert service from application to claim.

FAQ

Frequently asked questions

You’d have to ask the specific insurer for their exact underwriting guidelines, but the general market trend is due to a "hardening" global insurance market. This is driven by three main factors:

1) Catastrophe Costs: Increased frequency and severity of extreme weather events (floods, cyclones) leading to higher claim payouts.
2) Construction Inflation: Significant rise in building and repair costs, meaning it costs more to rebuild a property.
3) Niche Risk: When the market tightens, insurers shed complex, non-standard risks like non-strata unit blocks to reduce their overall exposure.
Yes. The direct market often caps coverage between $2M and $3M. We have access to commercial-grade residential wordings that allow for larger Sums Insured, ensuring you are not dangerously underinsured.
Simple and effortless.
1. Share Details: Complete our online form to provide the property address and structure details.
2. We Search: We utilise our specialist market access to source quotes.
3. Cover Placed: We present the best option and place your cover, handling all the complexity.
Strata is required for properties managed by a Body Corporate, covering common property and structure. Non-Strata insurance is required when there is no Body Corporate. It is a single policy that the owner must take out to cover the entire structure, shared common areas, and liability for the block.
Yes, a quality non-strata policy should include generous Loss of Rent or Alternative Accommodation coverage if the entire building is rendered uninhabitable due to an insured event. We ensure the sum insured is adequate for all units in your block.

Ensure your non-strata property today.

Get specialist protection for your unit blocks and duplexes. Our team is ready to help you secure the right cover at the right price.

Get quote now →