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Terrace Strata Management is Tasmania’s only strata management company that also operates as a licensed insurance broker, trading as Strata Insurance Brokers Tasmania. We provide expert advice and guidance on strata insurance, complex insurance claims management, and dispute resolution for denied claims.
We arrange and manage strata insurance for property developers and body corporate clients across Greater Hobart, Launceston, Devonport, and Burnie, offering a tailored and transparent approach to strata insurance broking.
When a strata plan is registered, a body corporate is automatically created, and all lot owners become members—this is not optional. Under the Strata Titles Act 1998, bodies corporate must hold insurance covering:
Strata insurance provides a cost-effective, comprehensive and legally compliant way to meet these obligations.
For property developers, we recommend strata insurance be taken out when the certificates of occupancy are issued, which is when cover under builders’ insurance cover usually ends. We arrange quotes approximately one month in advance, ensuring you’re ready to put cover in place as soon as the certificates are issued.
Our brokers source comprehensive cover from Australia’s leading strata insurance companies. Most strata insurance policies include:
As licensed strata insurance brokers, we act for you and your body corporate—not the insurer. Our scale and expertise give us leverage with strata insurance companies to ensure your strata insurance is cost effective and comprehensive, and that your claims outcomes are fair.
Every year, we undertake the following:
Request a minimum of four quotes from leading strata insurance companies
Insurance brokers and many strata managers receive commission from insurers for placing and managing policies, which can create a perceived or actual conflict of interest. We overcome this with absolute transparency, full disclosure and by requesting and presenting income payable on multiple quotes.
Some clients question the role of commissions in strata insurance. It’s a fair concern—there have been recent examples of unethical and illegal practices by a small number of people.
But removing commissions is unlikely to lower premiums. Insurers have advised us that even if commissions were abolished, premiums would not be reduced. Insurance brokers and strata managers would need to charge higher upfront fees to replace lost income, which ultimately means the total cost to clients will increase.
Sally Bevis, Director of Terrace Strata Management, has over 30 years of experience as a strata insurance broker. She specialises in:
Skye Self, also a qualified insurance broker, manages our strata insurance portfolio. She facilitates new policy placement and renewals, working closely with property developers and owners to understand the coverage required, obtain competitive quotes, negotiate with insurers, and clearly explain the intricacies of strata insurance.
