CHU Enhances Strata Insurance Capacity for Larger Developments
CHU Enhances Strata Insurance Capacity for Larger Developments
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CHU, Australia's leading strata insurance underwriting agency, has significantly increased its capacity to underwrite individual strata risks, now offering coverage up to $690 million.
This substantial rise from the previous limit of $300 million is a strategic response to the evolving landscape of strata developments, which are becoming larger and more complex.
Kimberley Jonsson, CEO of CHU, highlighted the importance of this development, noting that the trend towards larger strata properties necessitates enhanced insurance solutions. By doubling its capacity, CHU aims to provide comprehensive coverage options for both residential and commercial strata developments, ensuring that property owners and managers have access to adequate protection.
This expansion allows CHU to independently offer quotes for larger risks and participate more substantially in co-insurance arrangements. The move is expected to introduce greater choice and flexibility for customers, addressing a previously underserved segment of the market.
In addition to increasing its underwriting capacity, CHU has introduced an indicative pricing feature designed to streamline the quoting process for brokers. This tool provides non-binding premium estimates, enabling brokers to assess potential costs before initiating a full underwriting assessment. The feature is part of CHU's commitment to enhancing efficiency and transparency within the strata insurance sector.
For strata property owners and managers, these developments signify a more robust and responsive insurance market. The increased capacity and improved tools offered by CHU are poised to meet the demands of larger strata developments, ensuring that comprehensive and competitive insurance solutions are readily available.
Published:Sunday, 21st Dec 2025 Source: Paige Estritori
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Knowledgebase
Replacement Cost: The amount it would cost to replace or rebuild an insured asset with one of similar kind and quality, without depreciation.
