Liability Insurance Australia :: News
SHARE

Share this news item!

Sure Insurance Expands Strata Coverage to $20 Million to Enhance Affordability in Northern Queensland

Addressing the Insurance Needs of Higher-Valued Apartment Complexes

Sure Insurance Expands Strata Coverage to $20 Million to Enhance Affordability in Northern Queensland?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.

In a significant move to address the longstanding issue of insurance affordability in Northern and Regional Queensland, Sure Insurance has announced an increase in its residential strata insurance coverage from $5 million to $20 million.
This strategic enhancement aims to provide body corporates and lot owners with more competitive premium options and improved access to essential insurance services.

Bradley Heath, Managing Director of Sure Insurance, highlighted that the affordability crisis in the region has been exacerbated by the withdrawal of some insurance providers from the residential strata market. This reduction in competition has placed upward pressure on premium prices, making it challenging for many body corporates to secure adequate coverage.

By expanding the coverage limit, Sure Insurance seeks to fill this gap and offer more accessible insurance solutions to higher-valued apartment complexes. The company also plans to reward well-managed body corporates that have undertaken measures to enhance the resilience of their properties with reduced premiums, thereby incentivizing proactive risk management practices.

This development is particularly timely, as many strata properties in Northern Queensland have faced difficulties in obtaining affordable insurance coverage. The increased coverage limit is expected to alleviate some of these challenges and contribute to the overall stability of the strata insurance market in the region.

Property owners and strata managers in Northern and Regional Queensland are encouraged to explore the new offerings from Sure Insurance and assess how the enhanced coverage can meet their specific needs. Engaging with insurance brokers to understand the implications of this change and to secure the most suitable coverage is advisable.

Published:Thursday, 22nd Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Significant Health Insurance Premium Increase Set for April 2026
Significant Health Insurance Premium Increase Set for April 2026
10 Mar 2026: Paige Estritori
Australian health insurance policyholders are set to experience a substantial increase in their premiums, with an average rise of 4.41% scheduled to take effect from April 2026. This adjustment marks the most significant hike since 2017 and is expected to impact over 15 million Australians who hold private health insurance policies. - read more
Private Health Insurers Refund $4.8 Billion to Policyholders Post-Pandemic
Private Health Insurers Refund $4.8 Billion to Policyholders Post-Pandemic
10 Mar 2026: Paige Estritori
In a significant move, Australian private health insurers have refunded nearly $4.8 billion to policyholders, fulfilling their commitment not to profit from the reduced access to health services during the COVID-19 pandemic. This substantial refund comes after widespread cancellations of elective surgeries and other medical appointments during lockdowns, which led to considerable savings for insurers. - read more
AMA Report Reveals Erosion of Value in Private Health Insurance
AMA Report Reveals Erosion of Value in Private Health Insurance
10 Mar 2026: Paige Estritori
The Australian Medical Association (AMA) has released its latest Private Health Insurance Report Card, highlighting a concerning trend where Australians are paying higher premiums for private health insurance while receiving diminished value in return. The report indicates that nearly 70% of policies now contain exclusions, limiting the coverage available to policyholders. - read more
AUSactive's New Insurance Offering: Enhanced Protection at Lower Costs
AUSactive's New Insurance Offering: Enhanced Protection at Lower Costs
10 Mar 2026: Paige Estritori
AUSactive has unveiled a new insurance solution designed specifically for fitness and active health professionals. This initiative aims to provide enhanced protection while offering lower premiums compared to existing market options. - read more
Health Insurance Reforms: Inclusion of Natural Therapies from 2026
Health Insurance Reforms: Inclusion of Natural Therapies from 2026
10 Mar 2026: Paige Estritori
In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more


Business Insurance Articles

Understanding the Key Factors Influencing Your Liability Insurance Premiums
Understanding the Key Factors Influencing Your Liability Insurance Premiums
Liability insurance is a form of coverage that protects businesses against claims resulting from injuries and damage to people or property. It provides crucial peace of mind, ensuring that your business is shielded from potentially devastating financial losses due to lawsuits or claims against it. - read more
Common Myths About Public Liability Insurance Debunked
Common Myths About Public Liability Insurance Debunked
Today, we're diving into the world of public liability insurance, a crucial topic for anyone running a small business or working as a self-employed professional in Australia. - read more
Proven Strategies for Slashing Your Business Liability Insurance Costs
Proven Strategies for Slashing Your Business Liability Insurance Costs
Welcome to our comprehensive guide on public liability insurance, an essential safeguard for businesses across Australia. Navigating the complexities of liability insurance can be a daunting task for many business owners, but it’s a critical component of your business protection plan. If incidents such as accidents or property damage occur, liability insurance is the barrier that stands between your business and financial calamity. - read more
Decoding Public Liability Insurance: Is It a Must-Have for Your Australian Startup?
Decoding Public Liability Insurance: Is It a Must-Have for Your Australian Startup?
Public liability insurance is an integral safety net designed to protect businesses from the financial risks associated with lawsuits or claims. It provides coverage when a business is found legally responsible for personal injury to a third party or damage to their property. This form of insurance can significantly reduce the burden of legal fees, compensation claims, and other associated costs that may arise from unforeseen incidents. - read more
Understanding Liability Insurance: A Must-Read for Australian Business Owners
Understanding Liability Insurance: A Must-Read for Australian Business Owners
As a business owner in Australia, navigating the complexities of insurance is crucial to safeguard your enterprise against unforeseen events. Liability insurance emerges as a cornerstone of a sound risk management plan, protecting you financially when held responsible for accidents, injuries or negligence. Its importance cannot be understated, as it serves not only to defend your business assets but also to ensure peace of mind in a climate of continually evolving liabilities. - read more


Start Here !
Your free liability insurance quote comparison starts here!
Cover Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


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