Strata Unit Underwriters (SUU) building insurance: what each policy covers, and who underwrites it
2 building policies from Strata Unit Underwriters (SUU). For each: whether flood and accidental damage are covered, and what happens once the building is left empty, with the sentence from its own documents. Underwritten by CGU Australia Pty Ltd.
- Website
- suu.com.au/
- What it is
- Underwriting agency
- Listed on
- Apartment and unit buildings (strata)
- Underwriter
- CGU Australia Pty Ltd
- APRA
- Authorised by APRA to write new general insurance (listed as CGU Australia Pty Ltd)
- Sold by
- Strata Unit Underwriting Agency Pty Limited (corporate authorised representative of Austagencies Pty Ltd) · AFSL 244584 · authorised representative no. 1315935
Building policies
SUU Residential Strata Insurance
- Type
- Residential strata · Residential
- Sold
- Through a broker
- Flood
- Optional extra
- Accidental damage
- Not stated
- Left empty
- Not stated.
- Who it is for
- Strata-titled or similar entities responsible for insuring a predominantly residential building; not for individual lot owners.
- Documents
- Residential Strata Insurance Policy Wording (10-2025) (1 October 2025) · Residential Strata Policy Overview (07-2025) (1 July 2025) · Target Market Determination TMDRS001 REV3 (effective 1 October 2025) (1 October 2025)
- Flood is not standard: 'considered on request' (TMD: 'flood (subject to availability)').
The policy
“SUU’s residential strata cover is designed to protect you with comprehensive sections and practical benefits that support confidence in strata living.”
Source: suu.com.au/residential-strata/ · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“SUU Online is introduced to support intermediaries with online quoting and access to key information when dealing with SUU.”
Source: suu.com.au/about/ · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood cover considered on request”
Source: suu.com.au/residential-strata/ · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“The Building is used predominantly for residential purposes”
Source: suu.com.au/app/uploads/2026/04/TMDRS001_REV3_1025-Residential-Strata.pdf · Confirmed on the insurer's page on 13 November 2026.
SUU Commercial Strata Insurance
- Type
- Commercial strata · Commercial
- Sold
- Through a broker
- Flood
- Optional extra
- Accidental damage
- Not stated
- Left empty
- Not stated.
- Who it is for
- Commercial, office, retail and mixed-use strata within SUU's underwriting guidelines; industrial strata complexes no longer offered.
- Documents
- Commercial Strata Insurance Policy Wording (10-2025) (1 October 2025) · Commercial/Residential Strata Policy Overview (07-2025) (1 July 2025) · Target Market Determination TMDCS001 REV4 (effective 19 December 2025) (19 December 2025)
The policy
“SUU’s specialised strata insurance products are uniquely designed to provide superior, comprehensive insurance coverage to promote peace of mind in strata ownership.”
Source: suu.com.au/commercial-strata/ · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“SUU Online is introduced to support intermediaries with online quoting and access to key information when dealing with SUU.”
Source: suu.com.au/about/ · Confirmed on the insurer's page on 13 November 2026.
Flood
“Storm surge cover resultant from named cyclone (flood cover considered on request)”
Source: suu.com.au/commercial-strata/ · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Please note SUU no longer offers insurance policies for industrial strata complexes. We do continue to provide quotes and renewals for all other commercial strata, offices, retail and mix use strata policies that fall within our underwriting guidelines.”
Source: suu.com.au/commercial-strata/ · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Insurance is issued by Strata Unit Underwriting Agency Pty Limited ABN 30 089 201 534 as a corporate authorised representative (No 1315935) of Austagencies Pty Ltd AFSL 244584 under authority from CGU Australia Pty Ltd ABN 62 004 478 960 AFSL 700014 trading as CGU Insurance.”
Source: suu.com.au/about/ · Confirmed on the insurer's page on 13 November 2026.
Who sells it
“Insurance is issued by Strata Unit Underwriting Agency Pty Limited ABN 30 089 201 534 as a corporate authorised representative (No 1315935) of Austagencies Pty Ltd AFSL 244584 under authority from CGU Australia Pty Ltd ABN 62 004 478 960 AFSL 700014 trading as CGU Insurance.”
Source: suu.com.au/about/ · Confirmed on the insurer's page on 13 November 2026.
CGU Australia Pty Ltd: licence
- AFS licence
- 700014 · CGU AUSTRALIA PTY LTD
- ABN
- 62004478960
- Licensed since
- 9 May 2025
- Principal business
- Melbourne VIC 3000
- General insurance
- Licensed to deal in general insurance products
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Distributor's licence
- AFS licence
- 244584 · AUSTAGENCIES PTY LTD
- ABN
- 76006090464
- Licensed since
- 10 March 2004
- Principal business
- North Sydney NSW 2060
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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