Comparing building insurance policies in Cohabit
Short description
Compare a building’s insurance against similar buildings, explore alternative policies, and (for owners) flag opportunities to your committee.
Who this article is for
Lot owners and committee members
Buyers, buyer’s agents and advisors reviewing a building’s insurance position
Before you start
You’ll need to open the building in Cohabit (from Research or Apartments)
Insurance comparison and benchmarking can appear for many buildings, but what you see depends on available policy data
Note: Insurance benchmarking is visible to all users. Estimated savings, policy comparison actions, and flagging to committee are only available to owners connected to a lot in the building.
Step 1 — Open the building
Open Cohabit
Find the building:
In Research (search for a building), or
In Apartments (if you’re a connected owner)
Open the building to view its profile
Step 2 — Go to Building Snapshot
Select Building Snapshot from the building’s top navigation.
Step 3 — Review the insurance summary and benchmarking
In the Snapshot, find the insurance area. Here you’ll typically see:
Current premium and key policy details
Policy timing (such as expiry)
How the building compares against similar buildings (benchmarking)
This helps you quickly understand whether the building’s policy looks broadly in line with comparable buildings.
Step 4 — Compare policies (owners only)
If you’re an owner connected to an apartment, you may see an option to Compare policies.
Select Compare policies
Review the list of suitable insurer options presented for the building
The comparison view typically includes:
The current policy (clearly marked)
Alternative policies that match the building’s profile
Premiums and cover details
Key feature differences
Risk indicators (where available)
Step 5 — Check estimated savings (owners only)
Connected owners may also see an estimated potential saving if the building were to renew through Cohabit Insurance.
Use this as a guide for whether it’s worth escalating the discussion — it’s a decision support signal, not a guarantee.
Step 6 — Flag an opportunity to the committee (owners only)
If the insurance information suggests the policy may be worth reviewing, owners can flag it to the committee.
Select Flag to committee (wording may vary)
Confirm the prompt
Cohabit will send a note to the strata committee so the opportunity can be discussed ahead of renewal or the next AGM.
Flagging does not change the policy — it simply shares the opportunity with the right people.
Step 7 — Request a quote (if available)
For some buildings, you may be able to request quotes through Cohabit.
Select Request quote on the insurer/policy you’re interested in
Follow the prompts
Depending on the provider, follow-up may come directly from the insurer or via Cohabit.
FAQs
Does comparing or requesting a quote change our current policy?
No. Your building remains covered under the current policy until the owners corporation formally changes insurers.
Why do I see benchmarking but not policy actions?
Benchmarking is available to all users. Actions like comparing policies, savings estimates and flagging to committee require you to be a connected owner.
Why don’t I see every insurer?
Only insurers suitable for the building’s profile and cover requirements are shown. Availability can vary by state, building type and risk profile.