Home and Contents Insurance

Buildings & Contents Insurance

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

Buildings Insurance

Designed to cover the physical structures that make up your home buildings, including the garage, deck, sheds and more.
Cover against loss or damage caused by fire⁷, storms⁷, earthquake⁸, impact damage, and more.

Contents Insurance

Designed to cover items at your home, from furniture and white goods, to personal belongings like computers, clothing and shoes.
Cover for contents intended to be kept outside, like your barbeque, outdoor furniture and children's play equipment up to $2,000 in total.

Contents Insurance for Renters

Cover your belongings for damage caused by fire⁷, theft and storm⁷
Covers landlord's structures or fittings for which you, the tenant, are legally responsible under your lease.

Landlord Insurance

Cover for loss or damage caused by an insured event to your investment property and/or the contents you provide for the tenant's use.
Up to $20 million legal liability cover.

Policy Documents and Key Fact Sheets

This is a limited summary of cover only. For full details of the terms, conditions, limits and exclusions about our home insurances please refer to the relevant Home and or Landlord Product Disclosure Statements and any applicable supplementary PDS before making a decision to purchase the insurance. To see some of the events covered and not covered, please refer to the Home Buildings, Home Contents, Landlord Buildings or Landlord Contents Key Fact Sheets (KFS).

Disclaimers

Goulburn Murray Credit Union Co-operative Ltd ABN 87087651509 AFSL/Australian Credit Licence No. 241364 arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from www.gmcu.com.au or by calling (03) 5821 9033. The relevant Target Market Determination is available by calling (03) 5821 9033. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services.

1. Online discount

When you quote and buy a new home insurance policy online a discount of up to 10% is applied to your first years premium including the following optional covers (if selected); Accidental damage, Flood, Motor Burnout and Portable Contents. This discount is not applied on renewal.

2. Combined

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 covers.

3. No Claims Bonus

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 30%, home insurance customers must have had no Building or Contents insurance claims in the preceding 5years. 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.

[For Home:] The No Claim Bonus is applied to some optional covers if selected; Motor Burnout and Accidental Damage, but not Flood or Portable Contents cover, if selected.
[For Landlord:] The No Claim Bonus discount doesn’t apply to optional cover Flood, if selected, but is applied to Rent Default and Theft by Tenant, if selected.

4. Minimum premiums

If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means any subsequent discount will be applied to the reduced premium amount after applying any prior discounts and the effect of the subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts.

Discounts do not apply to taxes or government charges.

Discounts do not apply to optional covers for Domestic workers’ compensation / Landlord workers’ compensation, and may not apply to other optional covers (if available and selected).

Any discounts/entitlements may be subject to rounding and may only apply to the extent that any minimum premium is not reached.

5. Option to change your excess

For Home policies - Not available with respect to any additional compulsory excess, imposed excess applied to the policy or to the Portable contents excess. Any reduction in premium will not be applied to government taxes and charges, or to optional covers (if available and selected): Domestic Workers compensation, Flood or Portable contents. Minimum premiums apply

6. Instalment premiums

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.

7. 72 hour exclusion period

We may not 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. Refer to PDS for when exclusion periods apply.

8. Earthquake excess

An additional imposed excess amount of $250 applies for each claim or loss or damage caused by an earthquake or tsunami, or a series of earthquake or tsunamis, during any period of 48 consecutive hours.