CHU Expands Strata Insurance Capacity to Support Larger Developments

Kimberley Jonsson, CHU's Chief Executive Officer, highlighted the growing trend of larger strata developments and the importance of providing adequate insurance solutions to meet this demand. The increased capacity allows CHU to offer more flexible and comprehensive coverage options, catering to the evolving needs of the strata sector.

This development is particularly beneficial for strata managers and property owners involved in large-scale projects, as it provides greater assurance that their assets are adequately protected. The ability to independently insure higher-value risks and participate in larger co-insurance arrangements positions CHU as a leading provider in the strata insurance market.

Strata communities are encouraged to assess their current insurance coverage and consider the advantages of partnering with insurers capable of accommodating the complexities of larger developments. CHU's expanded capacity reflects its commitment to supporting the growth and resilience of Australia's strata sector.