For many of us, our property is our most valuable asset. That’s why it’s crucial to have insurance coverage to protect us from unexpected expenses or even the loss of our home. Finding adequate insurance cover for the common property that meets the requirements of your committee while remaining affordable can be a complex and daunting task. We are here to help make this process easier for you.
CommunitySure is a strata insurance product available via specific brokers, exclusively for all PICA Group customers. These brokers include:
CommunitySure is available exclusively to properties managed by PICA Group. Our customers enjoy peace of mind knowing that our policy is backed by QBE and CHU, one of Australia’s largest strata insurers. It provides high levels of extra cover at no additional cost (see inclusions table).
With CommunitySure, you are in safe hands.
Before renewing your agreement, take a moment to compare your options. Our quick and easy form can be completed in less than 30 seconds.
It is mandatory in Australia to have insurance that conforms to your state’s strata legislation. Common property insurance protects aspects of a property that the average home insurance policy doesn’t. With CommunitySure, you are protected for accidents, loss, damage, and many types of natural disasters.
CommunitySure also covers public liability (e.g. death or injury to a person on strata common property), office bearer’s liability, and personal accident/voluntary workers cover. An insurance policy may have exclusions.
Please see below the product disclosure statements for more details:
Super-size your residential strata insurance today
| Cover | CommunitySure extra cover |
|---|---|
| Public liability | Extra $10 million cover
Cover up to $30 million, only pay for $20 million |
| Office bearers liability | Extra $4 million cover
Cover up to $5 million, only pay for $1 million |
| Personal accident/voluntary workers cover | Extra $100,000 cover
Cover up to $300,000, instead of the standard $200,000 |
| Fidelity guarantee cover | Extra $150,000 cover
Cover up to $250,000, instead of the standard $100,000 |
| Exclusive special benefit | CommunitySure extra cover |
| Keys, lock replacements | Extra $5,000 cover
Increase in special benefit from $5,000 to $10,000 |
| Water removal from basement | Extra $3,000 cover
Increase in special benefit from $2,000 to $5,000 |
| Landscaping | Extra $45,000 cover
Increase in special benefit from $5,000 to $50,000 for the removal and disposal of fallen trees causing damage to the property |
| Fusion of motors | Extra $5,000 cover
Increase in special benefit from $5,000 to $10,000 |
| Environmental improvements | Up to $20,000 cover
Up to $20,000 for additional environmental improvements if a property damage claim costs more than 10% of the building sum insured (threshold reduced from 25%) |
| Machinery breakdown cover | Up to $10,000 cover
Automatically included for a sum insured of $10,000 per event |
Enjoy extra cover for your property at no additional cost. To find out more on CommunitySure and related information, contact us using the form on this page and we’ll be in touch soon.
The information provided is a general guide only, and is not intended as a substitute for legal advice. PICA Group disclaims all responsibility and liability for any expenses, losses, damages and costs which might be incurred as a result of the information provided by the company. Last updated on 10 November 2021.
Disclaimer: Terms, conditions, limits and exclusions apply to the products referred to above. Any advice provided is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Before making a decision to acquire any product(s) or to continue to hold any product we recommend that you consider whether it is appropriate for your circumstances and read the relevant Product Disclosure Statement which can be viewed on this website or obtained by contacting CHU directly. CHU Underwriting Agencies Pty Ltd (ABN 18 001 580 070, AFS Licence No: 243261) acts under a binding authority as agent of the insurer QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFS Licence No: 239545). CommunitySure available through our brokerage partner, BCB (add BCB ABN and AFSL). Steadfast Group Limited (ABN 98 073 659 677) (‘SGL’) has a shareholding in CHU Underwriting Agencies Pty Ltd and BCB. *If you have a CHU Contents Insurance policy and your strata property is insured with CommunitySure and you and the body corporate / owners corporation make a valid claim for the same event. CHU Contents Insurance standard excess is $500. The value of your claim must exceed the amount of your excess. Last updated in March 2021.
