Life Insurance Online :: News
SHARE

Share this news item!

CHU Strengthens Strata Insurance with Built-in Liability and Immediate Price Visibility

Innovative Policy Reforms and Pricing Tools Enhance Strata Insurance Experience

CHU Strengthens Strata Insurance with Built-in Liability and Immediate Price Visibility?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

CHU Underwriting Agencies has introduced significant enhancements to its residential strata insurance policies, focusing on built-in liability coverage and immediate price visibility.
These reforms aim to make coverage more responsive to the realities of modern strata living and streamline the insurance process for brokers and clients alike.

A central feature of the update is the inclusion of built-in liability coverage, designed to bridge gaps in coverage and ensure strata owners are better protected. This enhancement reflects CHU's commitment to evolving insurance solutions in line with customer needs.

In addition to policy enhancements, CHU has launched an indicative pricing feature that provides brokers with immediate, non-binding premium estimates. This tool improves visibility and reduces delays in the quoting process, allowing brokers to deliver better outcomes for their clients and spend more time supporting strata communities.

These innovations have earned CHU recognition as one of Insurance Business' 5-Star Insurance Innovators for 2025, underscoring the company's dedication to practical improvements that respond to customer needs. By addressing bottlenecks in both coverage and process, CHU continues to support brokers, strata managers, and owners with solutions that evolve alongside the environment they operate in.

Published:Friday, 8th May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Insurance News

CHU Introduces Cyber Fraud Coverage in Strata Insurance Policies
CHU Introduces Cyber Fraud Coverage in Strata Insurance Policies
08 May 2026: Paige Estritori
In response to the escalating digital threats facing strata communities, CHU Underwriting Agencies has integrated cyber fraud coverage into its standard residential strata insurance policies. This enhancement provides up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes
CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes
08 May 2026: Paige Estritori
CHU Underwriting Agencies has released its 2025 State of the Strata Market report, indicating a modest 2.8% increase in strata insurance premiums over the past year. This rise, from $954 to $981 per lot annually, aligns with a 3.4% growth in household incomes, suggesting that strata insurance remains affordable for apartment owners. - read more
CHU Strengthens Strata Insurance with Built-in Liability and Immediate Price Visibility
CHU Strengthens Strata Insurance with Built-in Liability and Immediate Price Visibility
08 May 2026: Paige Estritori
CHU Underwriting Agencies has introduced significant enhancements to its residential strata insurance policies, focusing on built-in liability coverage and immediate price visibility. These reforms aim to make coverage more responsive to the realities of modern strata living and streamline the insurance process for brokers and clients alike. - read more
APRA Advocates for Strengthened AI Risk Management in Financial Institutions
APRA Advocates for Strengthened AI Risk Management in Financial Institutions
08 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has recently emphasised the need for a significant enhancement in how financial institutions manage risks associated with artificial intelligence (AI). This directive comes in response to the rapid evolution and integration of AI technologies within the banking, insurance, and superannuation sectors. - read more
ACCC Launches Comprehensive Review of IAG's Acquisition of RAC Insurance
ACCC Launches Comprehensive Review of IAG's Acquisition of RAC Insurance
08 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has initiated a Phase 2 in-depth assessment of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance. This move reflects concerns that the transaction could substantially lessen competition in the supply of motor vehicle and home and contents insurance in Western Australia. - read more
Click for more Insurance News


Life Insurance Articles

Protecting Your Loved Ones: The Role of Life Insurance in Estate Planning
Protecting Your Loved Ones: The Role of Life Insurance in Estate Planning
Estate planning is a process that involves the management and distribution of an individual's assets and responsibilities in the event of their passing or incapacitation. It is an essential part of financial planning that ensures your assets are managed according to your desires and your loved ones are taken care of. - read more
Understanding the Role of Life Insurance in Your Estate Plan
Understanding the Role of Life Insurance in Your Estate Plan
Estate planning is a critical process that often goes overlooked, but it's essential for securing the financial future of your loved ones and ensuring your assets are distributed according to your wishes. It involves the careful organization and protection of an individual’s estate to minimize uncertainties and facilitate the smooth transfer of assets after their passing. While it may seem complex, understanding the basics of estate planning is necessary for every Australian adult, regardless of wealth. - read more
How Much Life Insurance Does Your Family Actually Need?
How Much Life Insurance Does Your Family Actually Need?
Financial security for families is an essential consideration in any household. Life can be unpredictable, and ensuring that your loved ones are protected from financial hardship in your absence is a critical part of financial planning. - read more
Understanding Life Insurance: Coverage Types to Protect Your Loved Ones
Understanding Life Insurance: Coverage Types to Protect Your Loved Ones
The importance of life insurance in financial planning: Life insurance isn’t just a policy; it’s a cornerstone of comprehensive financial planning. By protecting your family’s financial future, life insurance offers peace of mind, knowing that your loved ones will be taken care of in the event of your untimely passing. It’s not solely about leaving behind a legacy, but also ensuring that your family can maintain their standard of living, pay off debts, and cover end-of-life expenses without financial burden. - read more
The Impact of Health and Medical History on Insurance Premiums
The Impact of Health and Medical History on Insurance Premiums
Life insurance is a critical component of a sound financial plan. It provides financial security and peace of mind to you and your loved ones, ensuring that they are taken care of in the event of your untimely death. - read more

Knowledgebase
Aggregate Limit:
The maximum amount an insurer will pay for all covered losses during a policy period.

Quick Links: | Life Insurance Australia | Compare Life Insurance | Best Life Insurance Australia | Life Insurance Quotes | Term Life Insurance | Life Insurance Policies | Affordable Life Insurance | Life Insurance Calculator | Independent Life Insurance Brokers | Life Insurance Benefits | Family Life Insurance
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.