CHU Enhances Strata Insurance Coverage for Larger Properties

This strategic move addresses the evolving profile of strata developments in Australia, where larger and more complex buildings are becoming increasingly common. By enhancing its capacity, CHU aims to provide comprehensive insurance solutions that meet the needs of these substantial properties, offering peace of mind to property owners and investors.

In addition to the capacity increase, CHU has introduced an indicative pricing feature designed to streamline the broker workflow. This tool provides brokers with a non-binding premium estimate before submitting a risk for full underwriting assessment. Available on CHU's self-service platform, the feature offers an initial view of pricing, enabling brokers to make informed decisions about proceeding with formal referrals. This innovation is expected to enhance efficiency and transparency in the insurance quoting process, ultimately benefiting both brokers and their clients.

These developments reflect CHU's commitment to adapting to the changing landscape of the strata insurance market and its dedication to supporting the growth and resilience of strata communities across Australia.