The information on this page is for policies starting from 14 January 2025. For customers who started a policy before this date, view the relevant Product Disclosure Statement (PDS).
Building Insurance
You can pay monthly at no extra cost when buying a new policy1
The information on this page is for policies starting from 14 January 2025. For customers who started a policy before this date, view the relevant Product Disclosure Statement (PDS).
Why choose Allianz Building Insurance?
12 insured events, 1 simple policy
Whether it's a burglary, fire2, or storm2, we're here to help you repair, replace or rebuild.
Up to 30% No Claim Bonus3,4
With our Home Insurance, you could get up to 30% No Claim Bonus depending on your claims history.
Award-winning insurance
From Outstanding Value to 5-Star Insurance Innovators, we’re proud to have won numerous industry awards over the years.
What does Building Insurance cover?
Our Building Insurance covers the cost of loss or damage to the physical structures that make up your home buildings. This includes your house itself, garage, fences, sheds, and more.
Below is a snapshot of some of our product features, benefits, and exclusions. For the full list of product inclusions and exclusions, we recommend reading the relevant Product Disclosure Statement (PDS).
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What's covered
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What's not covered
What's covered
What's not covered
Allianz Building Insurance benefits
This is a summary only of some of the features and benefits available on Allianz Home Insurance, as well as some of the exclusions. Before deciding on a policy, carefully consider the relevant Product Disclosure Statement (PDS) and Supplementary PDS (where applicable) which set out the standard terms, conditions, limits, and exclusions.
Upgrade your cover
Consider adding these optional extras to your policy for an additional premium and greater coverage.
Accidental Damage
Covers you for accidental damage caused by sudden, unforeseen, and unintended events, not just the specified insured events. This option automatically includes Motor Burnout cover.
Motor Burnout
Covers electrical current damages to your home’s electrical motors, such as your fridge or freezer, if they’re under 10 years old.
Domestic Workers' Compensation
Covers people you employ at your insured address to help you around the house, such as a cleaner, gardener, or nanny. Only available in TAS, WA, and ACT.
Save up to 10% when you buy both Building and Contents cover and combine them on the one policy3,7
Conveniently combines Building and Contents cover on the one Home Insurance policy. Covers the cost of loss or damage to both your home building and home contents.
Has your property or its contents been damaged? Making a claim with us is quick and simple. Find out what’s involved and what you’ll need to make a claim.
Home Insurance calculators
When you take out Home Building Insurance, it’s important the amount you’re insured for accurately reflects the cost to rebuild your home. This is because you might have to pay the difference out of your own pocket if you’re insured for less than the replacement value of your home.
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Frequently asked questions
Our Home Building Insurance is designed to help cover the cost of loss or damage to the insured physical structures that make up your home building. This includes everything from the house itself, to your garage, fences, and paved driveways, as well as fixtures like hot water systems, air conditioners and more.
Our Building Insurance covers fire2, storm2, lightning, theft, and more. In addition, it provides legal liability cover, which can cover you if you’re found liable to pay compensation to someone because you’ve accidently injured them or damaged their property during the period of insurance.
The amount you choose to insure your buildings for is called the 'building sum insured'.
The cost of your insurance is called a ‘premium’. Your premium will depend on a number of factors, and can change each year when you renew your policy. Your premium for each period of insurance will be shown on your policy schedule.
There are a number of factors that determine how your Allianz Home Insurance premium is calculated, including:
- Your risk profile. We work this out using a number of factors, such as:
- Where you live
- The type of property you’re insuring
- The amount and type of cover you require
- Any other people also insured under the policy
- The relevant claims history of the people being insured
- The likelihood of a claim being made on your policy
- Any discounts that may apply
- Any compulsory government charges such as Stamp Duty and GST
- Emergency Services Levies if they apply to the State or Territory where your home is located
- Any other charges we tell you of
- The excess you choose8
To find out the cost of insuring your home building through us, get a quick Home Insurance quote in minutes.
Flood cover is included in Allianz Building Insurance policies that start from 14 January 2025.2
For Allianz Building Insurance policies starting before 14 January, flood cover was optional.
If you’re a renewing customer, you may be able to continue without flood cover if:
- you previously opted out and met certain flood risk criteria
- we weren’t able to offer you flood cover
- we've agreed you can opt-out of flood cover as standard
If you’d like to find out whether your Building insurance policy currently has Flood cover, you can log onto My Allianz to check your policy documentation or call us on 13 1000.
With Allianz, you may be able to save on your home insurance premium by increasing your basic excess. Our policies come with flexible excess levels giving you the option to increase your basic excess, within a given range, which could reduce your premium (not applied to Portable Contents, Domestic Workers’ Compensation, or the flood premium.8)
You should tell us as soon as reasonably possible if during the period of insurance your building is in the course of construction or there are any alterations, additions, demolition, repairs to, or decorations of the building costing more than $75,000. If you don’t, we may refuse or reduce a claim under the policy to the extent we’re prejudiced by the delay or the non-disclosure.
You can also contact us if you want to vary your policy during the period of insurance for any other reason, for example to increase your sums insured or to take our additional cover options that may be available.
When we receive this information, we may:
- Propose changes to the terms and conditions of your policy
- Propose to charge you a higher premium
- Cancel your policy if there’s a change and we can’t reach an agreement with you on altered terms and conditions or premium, or we’re no longer prepared to insure you because there has been a material change to the risk
- Decide not to offer to renew your policy
Note: It’s also important that you increase your home building sum insured to take into account any extensions or renovations to make sure you’re adequately covered in the event of a home insurance claim.
Home Insurance covers you against financial losses associated with the damage or loss of the property you own. Home insurance isn’t a legal requirement, but if you hold a mortgage over your property, most banks and mortgage lenders require you to take out Home Buildings insurance as security to safeguard themselves against financial risk due to unexpected damage or loss to your property.
Lenders may require you to list them as an interested party when purchasing insurance and may also request proof of insurance (Certificate of Currency) before the loan is finalised or for each year your mortgage is held with them.
To request a Certificate of Currency for your existing Allianz Home Insurance policy, call us on 13 1000 or log onto My Allianz.
If you take out Building Insurance here’s how your home buildings cover can work if the unexpected occurs:
- Your house burns down and you lose all your building structures. With adequate sums insured under Buildings cover, you could rebuild your home back to a similar standard it used to be.
- A fire damages your kitchen. You could repair or rebuild built-in damaged parts of your kitchen, such as benchtops and cabinets, with Buildings cover.
- A thief smashes your window, breaks the locks, but gets away without stealing any of your belongings. You can fix the window and replace your locks through your Buildings insurance.
You must tell us as soon as reasonably possible if, during the period of insurance:
- You start using any part of your home buildings for business, trade or professional purposes – except for a home office.
- You remove or stop using any security devices that were specifically required by us.
- You carry out any alterations, additions, demolition, repairs to, or decorations of your buildings costing more than $75,000.
- You start renting out your home to tenants.
- Your home building hasn’t been lived in, or won’t be lived in, for more than 60 consecutive days.
If you don’t provide this information as soon as reasonably possible, we may refuse or reduce a claim.
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To see some of the events covered and not covered by our Home Insurance, refer to our Key Fact Sheets (KFS).
*Conditions apply
- Pay by instalments
If you choose to pay your premium by instalments, you do not pay us any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.
- 72-hour exclusion period may apply
We may not provide cover for any loss of or damage to your property caused by cyclone, flood, flood water combined with run-off and/or rainwater, grassfires and bushfires during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to PDS for when exclusion periods apply.
- Minimum premiums may apply
Where discounts are applied, your premium is subject to rounding. If more than one discount applies, they’re applied in a predetermined order, so the later discounts apply to the amount already reduced by the earlier discounts instead of the total amount. Discounts do not apply to government taxes and charges.
Discounts won’t apply below the minimum amount payable for the policy.
- Up to 30% No Claim Bonus – Home
When you take out a new policy, we calculate your No Claims Bonus (NCB) based on your home or landlord (as applicable) insurance claims history. To qualify for the maximum No Claim Bonus of up to 30%, home insurance customers must have had no Building or Contents insurance claims in the preceding 5 years. Landlord customers must have had no Landlord insurance claims in the preceding 3 years. However, customers who have had claims may still qualify for a reduced No Claim Bonus. We won’t apply the full percentage of the No Claim Bonus if it results in you paying less than the minimum premium.
The No Claim Bonus isn't applied to the flood component of the premium (if covered), Domestic workers' compensation (if available and selected) or Portable contents (if selected).
- Alternative accommodation
This is an extra benefit we pay in addition to your building sum insured. We don’t pay additional alternative accommodation costs under the buildings section, if we’ve paid it under the contents section. No excess applies to this benefit.
- Debris cover
Covers up to 10% of your Buildings sum insured. You're covered for building debris removal if you have Buildings cover and for contents debris removal if you have Contents cover.
- Combined Discounts
A discount of up to 10% is applied to your premium when you combine Buildings and Contents on one Home Insurance policy, including for the optional covers (if selected): Motor burnout and Accidental damage cover. The combined discount doesn't apply to any flood component of the premium (where covered) or to the optional cover’s Portable contents and Domestic workers’ compensation (if available and selected). Minimum premiums may apply.
- Option to change your excess
Not available with respect to any additional compulsory excess, any imposed excess applied to the policy, or to the Portable contents excess (if Portable Contents is selected). Any reduction in premium won’t be applied to government taxes and charges, any flood component of the premium (where covered), or to the optional covers Portable contents (if selected) and Domestic workers’ compensation (if available and selected). Minimum premiums may apply.
Allianz acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work across Australia. We pay our respect to First Nations Elders past and present.
Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits, and exclusions apply. Before making a decision about this insurance, consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. We do not provide any form of advice if you call us to enquire about or purchase a product.
Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.