Cohabit

When every insurer says no, better building intelligence changes the conversation: 👉 Insurance secured after widespread market rejection 👉 27.7% reduction in premium versus the previous year 👉 Almost $40K negotiated off the insurer’s initial renewal terms 👉 $2.58M building insured at updated replacement value 10+ insurers unwilling or unable to participate

When the owners corporation took control of its insurance programme, transparency delivered a dramatically different outcome: 👉 49% reduction in premium 👉 0% strata manager commissions 👉 4 competitive insurance options secured 👉 $2.58M building insured at updated replacement value 👉 Transparent Fee – Single brokerage fee with direct accountability to the owners corporation

Turning an uninsurable precinct into a compliant, insurable asset: 👉 Insurance secured where market options had nearly disappeared 👉 73% Reduction in premium 👉 $129M+ Building assets under compliant cover 👉 4 Owners Corporations transitioned to individually accountable insurance structures

Here's why underinsurance happens, what the legal responsibilities of strata properties are, and how owners can reduce the risk of underinsurance. 💡

Not all buildings present the same level of risk to insurers, even when they look alike on paper...

Building maintenance and insurance outcomes are becoming harder to separate. Increasingly, insurers aren't just pricing a building; they're pricing how well it's being run. 💡