CommunitySure
For many of us, our property is our most valuable asset. As such, the consequences of a disaster or accident occurring could leave us with unexpected and exorbitant expenses, or worse…without a home. Finding adequate insurance cover for the common property that meets the requirements of our committee, while remaining affordable, can be a complex process. We understand this.
Why CommunitySure?
CommunitySure is a strata insurance product available via specific brokers, exclusively for all PICA Group family 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.
Why get common property insurance?
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:
Know your coverage
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 |
Is your property insured with CommunitySure?
If yes, your CHU contents insurance or CHU landlord insurance excess will be waived if you and the property make a valid claim on the same event.
CHU contents insurance and CHU landlord insurance standard excess is $500. The value of your contents claim must exceed the amount of your excess.
Insure your common property with CommunitySure
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.