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Terrace Strata Management is Tasmania’s only strata management company that also operates as an 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.
We are more than insurance brokers – we are your Claims Advocate . With decades of claims experience and strong partnerships with trusted suppliers, including CHU, SCI, SUU and Hutch, we bring expertise and empathy to alleviate stress and disruption.
Our approach is collaborative, proactive, and responsive. Acting as your advocate, we work closely with insurers to secure fair and timely outcomes.
We don’t accept or rely on generic automated updates. Instead, we regularly request real progress reports so you stay informed throughout the claim process. We work closely with the contractors and loss adjusters, ensuring the claim progresses efficiently to minimise loss, restore normalcy, and reduce disruption.
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 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:
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 multiple quotes to show that we are acting in the best interests of the body corporate.
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.
