As a result of feedback from the conveyancing profession and the growing demand for a dedicated strata title policy, Stewart Title has developed a policy specifically for strata title property transactions. The Residential Strata Policy became effective from Monday, 22 February 2010.
Premiums start from only $249.00* (exclusive of GST and stamp duty). Covered risks include:
- Unapproved Alterations: alterations to the Strata Unit without the required Council and/or Body Corporate approvals of which you are unaware at the time of purchasing the Strata Unit.
- Registration Gap: someone else lodges a dealing which prevents your interest from being registered or recorded.
- Fraud, Forgery & Identity Theft: loss due to fraud, forgery or identity theft which results in you being deprived of your ownership of the Strata Unit.
- Planning & Title Defects: loss due to non compliance with zoning and development laws, unregistered easements & covenants, lack of legal access, defects in title to the Strata Unit of which you are unaware at the time of purchasing the property.
- Outstanding Rates, Taxes and Strata Levies: outstanding rates, taxes and strata levies (including special levies) on the property which you are now liable for as the current owner of the Strata Unit.
*New* Pricing
Residential Purchaser Policy
New Premium Rates for Residential Purchaser policies ordered on or after Monday, 22 February 2010. Premiums have been reduced significantly for properties within the $750,000 to $2,000,000 price range.
Strata and Vacant Land
New Premium Schedules have been developed for Strata and Vacant Land properties. Premiums now start from $249.00* for properties valued up to $500,000.
*New* Marketing Brochures
As a result of these new initiatives and your feedback, we have revised our current Residential Purchaser Policy brochure and have created a new brochure specifically outlining our coverage for Strata Properties. We trust that these brochures will help explain the benefits of title insurance to your clients.
Please visit our website at www.stewartau.com for more information and to download our new premium schedules and brochures.
It’s how we work that sets us apart
Our philosophy is, and will continue to be, to support the role of solicitors and conveyancers in the conveyancing process with professionalism and integrity. In line with this philosophy, we will continue to strengthen our partnership and develop initiatives which benefit you and your clients.
Should you have any questions, please contact one of our Business Development Managers who will be happy to answer any questions you may have:
New South Wales
Noah Alkhair
Business Development Manager
T 02 9081 6214 I 0404 045 996
E noah.alkhair@stewart.com
New South Wales & Queensland
Charlotte Kildea
Business Development Manager
T 02 9081 6209 | 0402 188 205
E charlotte.kildea@stewart.com
Victoria & South Australia
Despina Veselinovski
Business Development Manager
T 1300 552 975 | 0404 023 327
E despina.veselinovski@stewart.com
Western Australia
Brooke Paull
Business Development Manager
T 1300 853 919 | 0405 310 072
E brooke.paull@stewart.com
As always, we value your business and thank you for your support!