Strata Titles (Insurance) Regulations 2019

Strata Titles (Insurance) Regulations 2019 (Tasmania)

What is this? This is a Tasmanian regulation that sits underneath the main Strata Titles Act and deals specifically with insurance requirements for strata title properties — things like apartment blocks, townhouse complexes, and other multi-unit developments where people own individual units but share common areas.

Who does it affect?

• Owners of strata title properties (units, apartments, townhouses) in Tasmania
• Strata corporations (the body that manages a strata scheme on behalf of all owners — sometimes called a body corporate or owners corporation)
• Property managers administering strata schemes
• Insurance providers offering strata insurance products

What does it likely require? Regulations like these typically set out:

• What types of insurance a strata corporation must hold (e.g. building insurance, public liability)
• Minimum coverage amounts or how those amounts are to be calculated
• How insurance costs are shared among unit owners
• Obligations around keeping insurance current and notifying owners

If you own a unit or apartment in Tasmania, this regulation affects what insurance cover your strata corporation is legally required to maintain on your behalf. It protects your investment by ensuring the building and shared spaces are adequately insured against damage, fire, or liability claims.