If you are an owner of a townhouse, unit, apartment or strata business, and you share common space with others, Strata Insurance is required. It is mandatory to hold strata insurance which conforms to each state’s relevant legislation. It covers shared contents and damage to the building. Safeguard Insurance Solutions is well placed to be your Strata Insurance broker. A tailored strata insurance product will protect the building’s common areas or facilities with the premiums paid for by the owners’ corporations (also known as the body corporate).