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Home insurance options to tailor your cover

Insure your house, the things inside it and your portable contents. With options to tailor your cover, you can select the right coverage for you.

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Home insurance options

Buildings and contents

Combine your building and contents cover to receive up to 10% discount on your premium2,4.

Buildings

Designed to cover the physical structures that make up your home buildings, including the garage, deck, sheds and more.


Contents

Cover the belongings kept at the insured address for loss or damage caused by one or more of 11 insured events.

Why choose this cover?

  • Save up to 10% on your first year's premium when you quote and buy a new home insurance policy online1,2

Is this product right for you? Find out more

Combined buildings & contents

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 benchtops, with Buildings cover. Then you could replace damaged items like blinds and kitchenware under your Contents cover.

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Theft and damage

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.

Excess

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.

What's covered?

Building – what’s covered?

Buildings insurance is designed to cover the physical structures that make up your home buildings, including the garage, deck, sheds and more.

- Summary of benefits

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Contents - what's covered?

Contents insurance covers the belongings you have at the insured address – from your furniture, carpet and appliances to your BBQ and even your clothes, shoes and handbags. We’ll generally pay to repair or replace your contents – up to the policy limits.

- Optional covers

It pays to know

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 and Home Contents, key Fact Sheets (KFS) also sets out some information about the cover.

Summary of benefits

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Here is a limited summary of the benefits and a building and contents insurance policy. Please refer to the Product Disclosure Statement for full terms and conditions.

Cover for the unexpected

Allianz offers cover for out of the ordinary but devastating events such as fire5, storm5 and burglary.

Cover for storm damage5

Covers loss or damage by storm, cyclone3, rain water, runoff (provided run-off is not combined with flood waters) and, if caused by and occurs within the first 72 hours following a storm, Allianz provides cover for loss or damage caused by soil movement, landslide, mudslide or subsidence.

Making your buildings environmentally friendly

If your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, Allianz will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.

Alternative accommodation for you and your pets

If your Building or Contents are damaged by an insured event during the period of insurance to such an extent that you can’t live in your home buildings, Allianz will pay the additional costs for temporary accommodation for you up to 10% of the building or contents sum insured (as applicable) and up to $500 for temporary accommodation for your pets in a commercial boarding establishment. This benefit applies up to a maximum of 12 months.

Replacement locks

Allianz will cover the cost, up to $1,000, to replace the locks or cylinders of any external door or window following an actual or attempted theft or burglary if the key is stolen or you believe the key has been copied.

Vandalism or malicious damage

You are covered for loss or damage caused by vandalism or a malicious act.

Debris removal

In addition to your buildings/contents sum insured, Allianz will pay up to 10% of your building and/or contents sum insured for the removal of debris from the damaged or destroyed part of the buildings.

Legal liability

Allianz will cover your legal liability up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property caused by an accident (or series of accidents).

Claims assistance

When you need to make a claim Allianz are there for you with 24 hour claims lodgement available online, or you can call the claim line during operating hours to commence the claims process over the phone.

Cover when you’re moving house

Allianz will cover your contents for loss or damage caused by an insured event both at your new and old address for up to 14 days after you first start to move. No cover is provided for loss or damage whilst contents are in transit (unless you have Accidental damage cover).

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Optional covers

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

Accidental damage

The accidental damage cover option helps cover you in the event of accidental unexpected mishaps that are caused unintentionally – giving you greater coverage for your home building and/or contents.

Portable contents

You can choose optional cover to cover your portable contents such as mobile phones, cameras and engagement rings in the event of theft or an accident at the insured address and when you take them out of your home, even when you are temporarily outside Australia for up to 120 continuous days in any period of insurance. Some portable contents must be specified as Listed Portable Contents with the full replacement value to be covered away from the home

Motor burnout

The Motor burnout option covers you if an electrical current damages your household electrical motors. This cover is automatically included if you have taken optional Accidental Damage cover.

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Flood cover

Flood cover may be available as an optional cover to your buildings and/or contents. A 72 hour exclusion period applies5.

Domestic workers’ compensation cover

Cover for a domestic worker (e.g. gardener or cleaner), if they are injured while working for you at the insured address.  Only available in ACT, WA and TAS.

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Disclaimers

Bank Australia Limited ABN 21 087 651 607 AFS Licence No. 238431 arranges this insurance as agent for the insurer Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFS Licence No. 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please consider the Product Disclosure Statement. The relevant Target Market Determination is available at http://www.einsure.com.au/wb/redirect/TMD-Householders. If you purchase this insurance, Bank Australia will receive a commission that is a percentage of the premium (including renewals and variations) and may be entitled to a profit share or marketing allowance if certain thresholds are met in agreed periods regarding this and other types of insurance policies entered into under Bank Australia’s arrangements with Allianz. Details are provided in the Financial Services Guide, available in branch, by calling 132 888 or at https://www.bankaust.com.au/

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 year's premium including the following optional covers (if selected); Accidental damage, Flood, Motor Burnout and Portable Contents. This discount is not applied on renewal.

2. 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.

3. 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.

4. 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.

5. 72 hour waiting period

We may not provide cover for any loss of or damage to your property caused by flood, cyclone, 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 when exclusion periods apply.