Build to Rent Insurance

CHU Underwriting Agencies, one of Australia’s leading strata insurance specialists, has launched the first specifically tailored insurance product designed for build to rent residential properties.

A build to rent property is one where the owner, developer, managed investment trust, or another entity owns 100% of the units/apartments. In this scenario, the property is not registered as a strata title and has no body corporate, owners corporation or strata company.

With numerous state governments providing incentives to promote build-to-rent as a potential solution to the housing affordability crisis, this property trend is gaining popularity in Australia.

In the past, CHU would add an endorsement to their residential strata insurance policy wording to customise coverage to suit a non-strata ownership. While this approach would provide the intended coverage, the lengthy endorsements could create confusion amongst policyholders. To address this issue and better serve the emerging market, CHU introduced the specialised Build to Rent product with customised policy wording that aligns with the ownership structure.

“There is a gap in the insurance market for these non-registered strata style units” said CHU CEO Kimberley Jonsson. “The risks seem to fall between the cracks for insurance, as they are neither a registered strata plan nor a residential home building.”

The policy is not designed for properties where more than 10% of the building floor space is used for commercial purposes.


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Important information you should understand

In addition to the covers summarised above, there are a number of terms, conditions, limits and exclusions contained in the Policy that can affect how or whether a claim is paid under this Policy. You need to read the Schedule and the Policy Wording for full details of the available cover, terms, definitions, conditions, exclusions and limits that apply to make sure it meets Your expectations.


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Important Notice

Disclaimer: CHU Underwriting Agencies Pty Ltd (ABN 18 001 580 070, AFS Licence No: 243261) acts under a binding authority as agent of the insurer QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFS Licence No: 239545). Terms, conditions, limits, deductibles and exclusions apply to the products referred to above. Any advice in this article is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Before making a decision to acquire any product(s) or to continue to hold any product, we recommend that you consider whether it is appropriate for your circumstances and read the relevant Product Disclosure Statement (‘PDS’), Financial Services Guide (‘FSG’) and the Target Market Determination (‘TMD’) which can be obtained by contacting CRM Brokers or downloading it from

Information is current as at the date the article is written as specified within it but is subject to change. CRM Brokers make no representation as to the accuracy or completeness of the information. Various third parties have contributed to the production of this content. All information is subject to copyright and may not be reproduced without the prior written consent of CRM Brokers.