CHU Introduces Cyber Coverage in Strata Insurance Policies

New Protection Against Social Engineering Fraud for Strata Owners

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 evolving risks faced by strata communities, CHU Underwriting Agencies has incorporated cyber protection into its residential strata insurance policies.

This enhancement provides coverage of up to $50,000 for losses resulting from social engineering fraud, a type of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions.

Steve Tchepak, CHU's Head of Underwriting, highlighted the increasing prevalence of such threats: "Cyber threats are no longer abstract or confined to large organisations. They occur in everyday transactions such as invoices, levy notices, and supplier communications." This addition reflects CHU's commitment to adapting its offerings to meet the changing needs of strata owners and committee members.

For landlords and property investors, this development underscores the importance of comprehensive insurance coverage that addresses both traditional and emerging risks. As cyber incidents become more common, ensuring that insurance policies include protection against digital threats is crucial for safeguarding investments.

CHU's proactive approach serves as a reminder for property owners to regularly review their insurance policies, ensuring they are adequately protected against a broad spectrum of potential risks, including those arising from the digital realm.

Published:Friday, 22nd May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Zurich-Honey Deal Brings New Momentum to Landlord Insurance

04 Jul 2026: Paige Estritori

Zurich Australia is set to deepen its position in the local personal insurance market through an expanded partnership with Honey Insurance, with landlord policies included in the new arrangement. From October 2026, Zurich will underwrite and manage claims for home, landlord and motor policies distributed under the Honey brand, as well as through Bank of Queensland and other partner channels. - read more

SMSF Residential Borrowing Shake-Up Puts Investor Planning Back in Focus

27 Jun 2026: Paige Estritori

Australian property investors have been handed another major policy shift, with the Federal Government confirming on 23 June 2026 that it will support an amendment to ban future limited recourse borrowing arrangements for residential property by superannuation funds. In practical terms, the change targets new SMSF borrowing used to buy residential investment properties, rather than existing arrangements. - read more

Rental Homes Decline as Investors Rethink the Market

20 Jun 2026: Paige Estritori

Australia’s rental market has entered another sensitive phase, with new reporting suggesting rental stock contracted in the first month after the federal government’s capital gains tax and negative gearing reforms were announced in the May budget. The latest figures cited by realestate.com.au indicate that 5,447 rental homes were sold nationally during May, while only 3,915 new rental purchases were recorded, leaving a net reduction in available investor-owned homes. - read more

APRA Enforces Additional Capital Requirement on Sovereign Insurance Australia

13 Jun 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has imposed an additional $2 million capital requirement on Sovereign Insurance Australia (SIA), citing significant deficiencies in the insurer's risk management framework and regulatory reporting practices. This action underscores the critical importance of robust risk management within the insurance industry. - read more

Click for more Insurance News

Landlords Insurance Articles

Understanding the Financial Implications of Short-Term vs Long-Term Rentals

When considering property investments, Australian landlords often face the tough choice between short-term and long-term rentals. Understanding the financial implications of each can significantly affect the success of your investment. With the ever-changing property market in Australia, it's crucial to navigate these options wisely to maximize returns and ensure sustainable growth. - read more

Protect Your Investment: The Importance of Landlord Insurance

In the ever-evolving Australian property market, landlords face a myriad of challenges and opportunities. Whether you're managing a bustling short-term rental in Sydney or a quiet long-term lease in Brisbane, protecting your investment is paramount. This is where landlord insurance steps in as a vital component of property management. But what exactly is landlord insurance? - read more

Top Tips for Reducing Rental Property Maintenance Costs

Owning rental property can be both a rewarding and challenging endeavour. Many Australians venture into property investment with the goal of financial security and long-term growth. However, the reality of managing rental properties can often present unforeseen challenges, especially when it comes to maintenance. - read more

Creating an Effective Emergency Response Plan for Your Rental Property

Owning a rental property comes with various responsibilities, and one of the most critical is ensuring the safety of your tenants and property. Having a well-thought-out emergency response plan can significantly contribute to managing unexpected situations effectively. Emergencies can be unpredictable, ranging from natural disasters to unexpected maintenance issues, making it essential for landlords to be prepared. - read more

Knowledgebase

Professional indemnity:
An insurance that provides cover for liability incurred in the course of exercising a profession.

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.