Products - QUS Strata Select

Strata Select is designed to accommodate risks that are 100% residential, 100% commercial or any mix inbetween.

Section 1 – Property Insured

Accidental Damage – no sub-limit
Temporary Accommodation, Loss of Rent Receivable, Failure of Supply Services,
Infectious or Contagious Diseases, Murder or Suicide, Reletting Costs, Maintenance Fees and Removal and Storage of Lot/Unit Owners Contents – 15% of buildings sum insured (in addition to sum insured)
Common Contents – 1% of buildings sum insured (in addition to sum insured)
Common Contents in the open air - $10,000 limit (in addition to sum insured)
Fusion – for motors up to 4 kw
Storm damage to gates and fences – included
Lot / Unit Owners Fixtures and Improvements in Residential Lot / Units - $250,000
Lot / Unit Owners Fixtures and Improvements in Commercial Lot / Units - available
Building sum insured is not subject to a co-insurance clause
Catastrophe cover – available

Section 2 – Property Owners Legal Liability

Cover for compensation the Insured becomes legally liable to pay for Personal Injury and Property Damage
Legal Costs – included in limit of liability
Liability in connection with the Insured’s ownership of any underground or overhead services, roads, footpaths or bridges that form part of the property at the Situation – included
Liability in connection with the hire by any person of sporting or recreational facilities owned by the Insured – included
Liability in connection with any social or recreational activities arranged for or on behalf of the Lot / Unit Owners or occupiers of any Lot / Unit – included
Includes liability in connection with the application of pesticides, herbicides or fertilizers to Common Areas at the Situation or the Property Insured
Includes liability in connection with the Insured’s ownership, use, control or possession of garden appliances, wheel chairs and golf buggies that do not require registration by any legislation or competent authority
Includes liability in connection with Lot / Unit Owners’ Fixtures and Improvements of a Lot / Unit that is occupied solely for residential purposes

Section3 – Fidelity Guarantee

Cover for fraudulent embezzlement or fraudulent misappropriation of funds set aside for the purpose of management of the Body Corporate / Company affairs

Section 4 – Voluntary Workers Personal Accident

Death or total and permanent loss of both hands, or the use of both feet, or the use of one hand & one foot – 100% of the capital benefit selected
Total loss of sight in both eyes – 90% of the capital benefit selected
Total and Permanent loss of use of one hand or of the use of one foot or sight in one eye – 50% of the capital benefit selected
Total disablement from engaging in or attending to usual profession, business or occupation – 100% of the weekly benefit selected up to 104 weeks
Partial disablement from engaging in or attending to usual profession, business or occupation – 50% of the weekly benefit selected up to 104 weeks
Travel expenses in obtaining medical treatment – up to 1% in total per incident of the capital benefit selected
Domestic assistance – up to 1% of the capital benefit selected
Capital benefits available up to $100,000
Weekly benefits available up to $1,000 per week

Section 5 – Office Bearer’s Liability

Section 6 – Machinery Breakdown

Breakdown cover for unspecified machinery – Available for machinery driven by motors not exceeding 5hp (4kw), limit any one incident as specified in the schedule
Breakdown cover for specified machinery – available
Breakdown, collapse or explosion cover for specified boilers and pressure plant – available
Cover for additional unspecified machinery – 90 day cover

Section 7 – Legal Expenses

Covers legal expenses in defence of workplace occupation health and other specific disputes – up to limit selected

Section 8 – Audit Expenses

Covers fees of a professional advisor in relation to an audit of your business by the Australian Taxation Office or any other Government agency – up to limit selected

QUS Biz Select