Strata Insurance Affordability Holds Steady Despite Rising House Insurance Costs

CHU's 2025 Report Highlights Stable Strata Premiums

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This increment is notably lower than the 14% surge observed in house insurance premiums during the same period.

CHU attributes the relative stability of strata insurance premiums to the distinct circumstances faced by apartment owners compared to those owning standalone houses. Factors such as shared building structures and collective maintenance responsibilities contribute to this difference.

For strata property owners, this stability offers a degree of financial predictability in an otherwise volatile insurance market. It underscores the importance of understanding the unique dynamics of strata insurance and how they differ from other property insurance types.

For a comprehensive analysis of premium movements and the factors influencing them, refer to CHU's full report.

Published:Wednesday, 19th Nov 2025
Source: Paige Estritori

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

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Knowledgebase

Depreciation:
The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.

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