CHUiSAVER, Australia's first digital underwriting agency for strata insurance, has updated its existing residential strata policy with two additional sections as optional covers: legal expenses and lot owners fixtures and fittings.

“With the growing demand for tailor-made strata covers and based on feedback from our intermediaries and clients, these optional covers were added with minimal extra cost,” said Ani Kakulapati, CHU’s chief disruptor. “This will help strata owners to have the backup and peace of mind, if they wish to opt for these covers.”

Kakulapati said “providing the flexibility to opt in or out of certain covers as required” is part of CHUiSAVER's “intention of challenging and disrupting the traditional strata insurance products.”

CHUiSAVER is the only underwriting agency in the country that offers a fully digital, fully automated customer experience and covers full policy life cycle in the strata market.