CHU Introduces Cyber Coverage in Strata Insurance Policies

New Protection Against Social Engineering Fraud for Strata Owners

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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

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