Buildings and Contents Insurance

Insure your home inside and out from loss or damage caused by one or more of 11 insured events.

• Save up to 10% on your first year’s premium when you quote and buy a new home insurance policy online^1,4
• Combine your building and contents cover to receive up to 10% discount on your premium^{2, 4}
• Pay by the month at no extra cost ⁶

Get cover for your home buildings and your contents by combining buildings and contents covers on the one policy.

If you take both Building and Contents insurance here’s how they can work together if the unexpected occurs:

• Your house burns down. You could lose all your buildings, and everything in them. With adequate sums insured under Buildings and Contents covers, you could rebuild and replace your insured belongings.
• A fire damages your kitchen. You could repair or rebuild built-in damaged parts of your kitchen, such as bench tops, with Buildings cover. Then you could replace damaged items like blinds and kitchenware under your Contents cover.
• A thief smashes your window, breaks the lock and steals your belongings. You can fix the window and lock through your Buildings cover and replace the items that were stolen under your Contents cover.

Plus, you will only have to pay the applicable excess(es) once in respect of any single claim if your buildings and contents are damaged by the same insured event.

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

Optional covers

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

Frequently asked questions

What do I do if I need to make a buildings and/or contents 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 home and contents 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 or Home Contents Key Fact Sheets.

I have changed the security on my property - do I need to let you know?

If you are altering the security on your property you should inform us as it may change the conditions of your home insurance. This may affect your premium.

You must tell Allianz as soon as reasonably possible if, during the period of insurance you remove or stop using any security devices that were specifically required by us. If you don’t provide this information as soon as reasonably possible, Allianz may refuse or reduce a claim under the policy to the extent Allianz are prejudiced by the delay or non-disclosure. You can also contact Allianz 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 out additional cover options where that may be available.

When Allianz receive this information, they may:

• propose changes to the terms and conditions of your policy
• charge you a higher premium
• cancel your policy if there is a charge and Allianz can't reach an agreement with you on altered terms and conditions or premiums, or Allianz are no longer prepared to insure you because there has been a material change to the risk.
• decide not to offer to renew your policy.

I'm about to install a new kitchen and renovate my bathroom - should I notify my insurer?

You should tell Allianz 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 buildings costing more than $75,000. If you don’t provide this information as soon as reasonably possible, Allianz may refuse or reduce a claim under the policy to the extent Allianz are prejudiced by the delay or non-disclosure.

When Allianz receive this information, they may:

• propose changes to the terms and conditions of your policy
• charge you a higher premium
• cancel your policy if there is a charge and Allianz can't reach an agreement with you on altered terms and conditions or premiums, or Allianz are no longer prepared to insure you because there has been a material change to the risk.
• decide not to offer to renew your policy.

It is also important that you increase your sum insured to take into account any extensions or renovations to make sure you are adequately covered in the event of a home insurance claim.

I have commenced using my home for business purposes - should I notify my insurer?

You must tell Allianz as soon as reasonably possible if, during the period of insurance you start using any part of your home building for business, trade or professional purposes (except for a home office).

If you don’t provide this information as soon as reasonably possible, Allianz may refuse or reduce a claim under the policy to the extent Allianz are prejudiced by the delay or non-disclosure.

When Allianz receive this information, they may:

• propose changes to the terms and conditions of your policy
• prepare to charge you a higher premium
• cancel your policy if there is a charge and Allianz can't reach an agreement with you on altered terms and conditions or premiums, or Allianz are no longer prepared to insure you because there has been a material change to the risk.

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 a 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.

How much will I be covered for?

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 - so you should also be careful not to over insure.

What if I need help choosing the right amount of cover?

To help you estimate the replacement value of your buildings and/or contents, you can use our Home Buildings calculator and/or Home Contents replacement calculators.

I run a business from home, can I get cover?

You must tell Allianz as soon as reasonably possible if, during the period of insurance you start using any part of your home building for business, trade or professional purposes (except for a home office).

If you don’t provide this information as soon as reasonably possible, Allianz may refuse or reduce a claim under the policy to the extent we are prejudiced by the delay or non-disclosure.

When Allianz receive this information, Allianz may:

• propose changes to the terms and conditions of your policy
• prepare to charge you a higher premium
• cancel your policy if there is a charge and Allianz can't reach an agreement with you on altered terms and conditions or premiums, or Allianz are no longer prepared to insure you because there has been a material change to the risk.

Which option do I need to cover my laptop, tablet, mobile phone or smart watch away from home?

You can cover laptops, tablets, mobile phones, smart watches and other wearable technology away from the home under the portable contents optional cover. These items must be specified on your policy as Listed portable contents to be covered under this option. Allianz will not cover cracked glass or screens where this is the only damage to the item.

Can I cover my bike and other sporting equipment away from home?

Yes you can cover these under the portable contents optional cover as Unlisted portable contents. However, these items will not be covered while they are being used.

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 GMCU on (03) 5821 9033). If you’re not sure whether you have added these cover options, you can check your policy schedule.

Will I be covered if my drone is damaged or stolen within my home?

Drones and other remotely or autonomously piloted aircraft used for personal use are covered if lost or stolen within your property. They are not covered when in use, used for business or when they are not at the insured address.