The information on this page is for policies starting before 14 January 2025.
For Allianz Home Insurance policies starting from 14 January, flood cover will be included as standard and is no longer optional. For more details, see the relevant Product Disclosure Statement (PDS).
Our Building Insurance covers the cost of loss or damage to the physical structures that make up your home buildings. This includes your house itself, garage, fences, sheds, and more.
Below is a snapshot of some of our product features, benefits, and exclusions. For the full list of product inclusions and exclusions, we recommend reading the relevant Product Disclosure Statement (PDS).
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 hot water systems, air conditioners and more.
Our Building Insurance covers fire2, storm, lightning, theft, and more. Flood cover2 may be available as an optional cover. In addition, it provides legal liability cover, which can cover 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'.
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:
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.2
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.
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:
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:
You must tell us as soon as reasonably possible if, during the period of insurance:
If you don’t provide this information as soon as reasonably possible, we may refuse or reduce a claim.
Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding, and financial institution transaction fees may apply.
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. For full details of conditions and exclusions please refer to the relevant PDS.
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.
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 have 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 is applied to some optional covers if available and selected; Motor Burnout and Accidental Damage, but not Flood, Domestic Workers Compensation or Portable Contents cover.
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. Covers weekly equivalent rent. Up to 10% of building sum insured, up to a maximum of 12 months and up to $500, as a one-off payment, for commercial pet boarding.
Covers up to 10% of your Buildings sum insured. This is an extra benefit we pay in addition to your building sum insured. No excess applies to this benefit . You're covered for building debris removal if you have Buildings cover and for contents debris removal if you have Contents cover.
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, Portable Contents, or Domestic Workers Compensation optional covers (if available and selected).
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.
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, 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. We do not provide any form of advice if you call us to enquire about or purchase a product.
Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.
