Buildings Insurance

Insure your home buildings from unexpected events such as fire⁷, theft, and storm⁷

With Allianz Building Insurance you can be covered if an unexpected event, such as a fire⁷, theft or storm⁷ damages or destroys your most important asset, your home.

• Save up to 10% on your first year’s premium when you quote and buy a new buildings policy online^1,4
• You may qualify for up to 30% No Claims Bonus^{3, 4}
• Option to increase your excess which may reduce your premium⁵
• Pay by the month at no extra cost⁶

Features and Benefits:

The better you understand your policy, the easier it will be if you ever have to claim. Here is a limited summary of the benefits of a building insurance policy.

For full details of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before making a decision to purchase the insurance. The Home Buildings Key Fact Sheets (KFS) also sets out some information about the cover.

Optional covers

Apply to add any of these optional covers for an additional premium and greater cover.

Policy Documents and Key Fact Sheets

We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision, please refer to the Home Product Disclosure Statement (PDS), any applicable supplementary PDS and Home Buildings Key Fact Sheet (KFS) also available for reference.

Home Building Calculators

It’s up to you to decide the sums insured, and the type and level of cover that you want to take out. People generally want enough insurance to cover the property’s estimated replacement value. If you don’t have enough cover, you could end up having to cover some of the costs yourself. Remember, Allianz will only pay up to the amount of your loss or the sum insured, whichever is the lesser (subject to the policy terms and conditions) - so you should also be careful not to over insure. That's why we've provided the calculator. It works as a guide to help you estimate the replacement value of your home building.

Frequently Asked Questions

What do I do if I need to make a buildings insurance claim?

Do what you reasonably can to prevent further loss, damage or liability. Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary or loss of insured property. Contact the Claims Call Centre on 1300 139 418 and advise the Claims Consultant of what has happened: the Claims Consultant will help you through the buildings insurance claims process. In order to be sure that you are covered under this policy you should always contact Allianz for approval before you incur expenses you wish to claim. If you do not, Allianz will pay for expenses incurred to the amount Allianz would have authorised if you asked Allianz first.

Am I covered for Flood?

Flood cover is an option on both Building and Contents in Home and Landlords policies. Please call us on 1300 139 418 to find out whether you are eligible for Flood cover. For full details of terms, conditions, limits and exclusions of all our home insurance cover options, please refer to the relevant Product Disclosure Statement any supplementary PDS and Home Buildings Key Fact Sheets.

What do I do if I rent my home out to tenants?

If you’re renting all of your home out to tenants, cover is not available under our Home and Contents Insurance policy. Cover is not available for these types of losses under our home and contents insurance. If you rent out part of your home while you live at the same address, please contact us so Allianz can determine if you are eligible for this product.

What does it mean if I take the Accidental Damage cover option?

This optional cover provides even more protection – it covers you in the event of damage caused by accidental unexpected mishaps that are caused unintentionally not just the specified insured events.

If you have Buildings cover only and select this option, examples of the sort of mishaps you’ll be covered for include when:

• You accidentally smash a hole in the wall when you move some furniture.
• Your kids draw all over your walls.

I would like cover for my portable contents with my Buildings cover, what are my options?

The option to include portable contents cover under your policy may only be applied for if you have Contents cover or both Buildings and Contents cover.

Your policy schedule will show which of the optional covers apply.

How do I know if I have optional covers on my policy?

You can apply to add these options to your policy when you start or renew it (or during your period of insurance by contacting your local GMCU branch). If you’re not sure whether you have added these cover options, you can check your policy schedule.

How should I determine the replacement value of my buildings?

The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the buildings replacement value.

What is considered ‘unable to be lived in’?

Your home is unable to be lived in when it is so damaged that normal domestic activities like cooking, sanitation and personal hygiene cannot take place, and you cannot live in the home.