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Building Insurance

Enjoy up to 30% No Claim Bonus2,3
With our Home Insurance, you could get up to 30% No Claim Bonus2,3 depending on your claims history

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 showers and baths, hot water systems, air conditioners and more.

Our Building Insurance covers fire4, storm, lightning, theft, and more. Flood cover4 may be available as an optional cover. In addition, it provides liability cover, which can protect 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.

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.
Find out what is and isn’t covered under our Home Building Insurance, as well as some optional cover you can buy.

  • Legal liability cover
  • Up to $20m legal liability cover. Provides cover 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.
  • Alternative accommodation
  • If your home building is damaged by an insured event during the period of insurance to such an extent that you can’t live in it, we’ll pay the rental costs for accommodation. This will be calculated based on your building’s rentable value prior to the damage – up to 10% of the building sum insured for up to a maximum of 12 months. We’ll also pay up to $500 for your pets in a commercial boarding establishment.

    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.
  • Rebuilding costs
  • If you have Buildings cover and need to rebuild your home due to a total loss or damage, we'll help pay the costs of:
  • Professional fees of architects, engineers, surveyors and solicitors (up to $5,000)
  • Costs of complying with any statutory requirements (up to $5,000)
  • These are extra benefits we pay in addition to your building sum insured. No excess applies to these benefits.

  • Debris removal

    Covers the reasonable costs to remove damaged or destroyed parts of your building by an insured event. Covers up to 10% of the building sum insured amount.

  • Replacement of locks or cylinders

    If an actual or attempted theft or burglary occurs causing damage to your property, or if your keys are stolen, or there are reasonable grounds to believe the keys have been copied, we’ll pay up to $1,000 to replace your locks or cylinders for any external doors or windows.
  • Making your home building environmentally friendly

    If you have Buildings cover and your building is totally destroyed and needs to be rebuilt, we’ll help with the costs to install environmental systems such as rainwater tanks and solar power systems (up to $5,000 after deduction of any government or council rebates). This is an extra benefit we pay in addition to your building sum insured. No excess applies to this benefit.

  • Your unoccupied home
  • If you leave your home unoccupied for any period longer than of 60 consecutive days, unless otherwise beforehand agreed in writing.

  • Your contents
  • Such as carpets, rugs, and internal blinds etc. Unless you have added Contents cover to your policy.

  • Loss, damage, injury or legal liability due to the following:
  • If you fail to keep your home or contents in good condition, including wear and tear and lack of maintenance
  • Pre-existing damage to your home or contents
  • Flooding – unless you’ve added the optional flood cover to your policy
  • You carry out alterations, additions, demolition, repairs or decorations to your building with a commercial value of more than $75,000, unless otherwise agreed with us
  • Damage deliberately caused by you, a family member or someone acting with your consent
  • Holiday letting
  • Anything not directly related to one of the insured events listed in the relevant PDS

  • Flood
  • Covers you for loss or damage to your home and contents caused by flood and certain flood-related events. Optional flood cover may not be available in some areas.

    Note: We don’t provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first take out or increase the cover under the policy.

  • 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. Here are some examples of the sort of mishaps you’ll be covered for if you take this option:
  • You accidentally smash a hole in the wall when you move some furniture
  • Your kids draw all over the walls.
  • Motor Burnout
  • Covers you if an electrical current damages your domestic household electrical motors, such as your fridge, freezer or washing machine, up to 10 years old.
  • Domestic Workers Compensation
  • Covers people performing domestic work related to the running of the insured address who are deemed to be employed by you under the relevant Workers Compensation legislation in Tasmania, Western Australia or the Australian Capital Territory. This can include gardening, cleaning and childcare.

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.
Conveniently combines Building and Contents Insurance on the one Home Insurance policy. Covers the cost of loss or damage to both your home building and home contents.
Our Home Building Insurance covers the cost of rebuilding or replacing your home building if you’ve experienced loss or damage caused by the following insured events^.
  • Fire or smoke (including bushfires4 and grassfires4)
  • Theft or burglary
  • Storm & cyclone4, rainwater or run off (not including flood which subject to eligibility may be available under the optional Flood cover)
  • Lightning
  • Water or other liquid damage
  • Impact damage
  • Earthquake or tsunami
  • Accidental breakage of glass or ceramic items
  • Vandalism or malicious damage
  • Explosion
  • Riots or civil commotion

^For a full list of events covered by Allianz Home Insurance, see the relevant PDS.

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.
Pay month-to-month or in one annual payment – the choice is yours. An 11% service fee applies to monthly payments
Your proof of insurance – Certificate of Currency (COC) – will be emailed instantly after you purchase your policy
Make a claim online 24/7 or call 13 10 13 weekdays 8am to 6.30pm AEST or Sat 8am to 5pm AEST 

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
  • Fire Services Levy if they apply to the State or Territory where your home is located
  • Any other charges we tell you of
  • The excess you choose

To find out the cost of insuring your home building through us, get a quick Home Insurance quote in minutes.

Your home building can be covered for flood-related damage if you take out optional Flood cover, subject to eligibility. Your building, under flood cover, will be covered for:

Loss or damage caused by:

  • Flood, flood water, combined with run-off and rainwater

As well as loss or damage caused by or arising from the following, if it’s caused directly by and occurs within 72 hours of a flood:

  • Soil movement, including erosion
  • Landslide
  • Mudslide
  • Subsidence

To find out if you’re eligible for Flood cover,
get a quote online
or call us on 13 1000.

If you currently hold a policy and would 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.

We don’t provide cover (where the type of cover you have under the policy provides it) for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first take out or increase the cover under the policy. For the standard terms, conditions and exclusions about our Home Insurance, refer to the Product Disclosure Statement (PDS).

With Allianz, there are a number of ways you may save on your home insurance premium:

  • Pay your premium annually rather than monthly to save on the 11% monthly service fee.
  • Increase your excess: our policies come with flexible excess levels, giving you the option to increase your excess, within a given range, which could reduce your premium.3,5

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 could 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.

To see some of the events covered and not covered by our Home Insurance, refer to our Key Fact Sheets (KFS).
 
  1. 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 following optional covers if selected: Motor Burnout and Accidental Damage cover. The combined discount doesn't apply to Landlord policies, Flood or Portable Contents optional cover.

  2. Up to 30% No Claim Bonus - Home
    When you take out a new policy, we calculate your No Claim Bonus based on your home insurance claims history. To qualify for the maximum No Claim Bonus of 30%, Home Insurance customers must’ve had no Building or Contents insurance claims in the preceding five years. However, customers who have had claims may still qualify for a reduced No Claim Bonus.

    After each claim-free year, the No Claim Bonus applied to your renewal premium will be increased by 10%, to a maximum of 30%. However, for every claim you make in a year, the No Claim Bonus applied to your renewal premium will be reduced by 10% to a minimum of 0%. The No Claim Bonus discount is applied to some optional covers if selected; Motor Burnout and Accidental Damage, but not Flood or Portable Contents cover.

  3. Minimum premiums may apply
    Any discounts may be subject to rounding and only apply to the extent that any minimum premium isn't reached. If you’re eligible for more than one discount, Allianz applies them in a predetermined order. This means the effect of applying any subsequent discount will be reduced.

    For example, the aggregate effect of applying two discounts consecutively means that you won't see the full benefit of both these discounts.

    Discounts don't apply to taxes or government charges. No discounts are applied to the optional cover: Domestic Workers Compensation (if available and selected).

  4. 72-hour exclusion period
    We don’t provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first purchase a policy or increase your cover under an existing policy.

  5. Option to change your excess
    Not available when an imposed excess applies.

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, please 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.

Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered on this website.

Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered on this website.