The information on this page is for policies starting from 14 January 2025. For customers who started a policy before this date, view the relevantProduct Disclosure Statement (PDS).
The information on this page is for policies starting from 14 January 2025. For customers who started a policy before this date, view the relevantProduct Disclosure Statement (PDS).
Save up to 10% on your first year’s premium when you quote and buy a new Home Insurance policy online2,3
Why choose Allianz Building Insurance?
Pay monthly at no extra cost4
When you buy or renew, you have the flexibility to pay annually or monthly at no extra cost.
Instant Certificate of Currency
Your proof of insurance – Certificate of Currency (COC) – will be emailed instantly after you purchase your policy.
24/7 claims service
You can make a claim online or call 1300 555 030 for claims service 24 hours, 7 days a week.
Has your property or its contents been damaged? Making a claim with Allianz is quick and simple. Find out what’s involved and what you’ll need to make a claim.
What Allianz Building Insurance covers
Find out what is and isn’t covered under Allianz Building Insurance, as well as some optional covers you can buy.
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What’s covered
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What’s not covered
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Optional cover
- If you fail to keep your home or contents in good condition, including wear and tear and lack of maintenance
- Pre-existing damage to your home or contents
- You carry out alterations, additions, demolition, repairs or decorations to your building with a commercial value of more than $75,000, unless otherwise agreed in writing with Allianz
- Damage deliberately caused by you, a family member or someone acting with your consent
- Holiday letting
- Anything not directly related to one of the insured events listed in the relevant PDS.
- You accidentally smash a hole in the wall when you move some furniture
- Your kids draw all over the walls
This is a summary only of some of the features and benefits available on Allianz Home Insurance, as well as some of the exclusions. Before deciding on a policy, carefully consider the relevant Product Disclosure Statement (PDS) and Supplementary PDS (where applicable) which set out the standard terms, conditions, limits and exclusions.
Save up to 10% when you buy both Building and Contents cover and combine them on the one policy.2,5
Conveniently combines Building and Contents cover on the one Home Insurance policy. Covers the cost of loss or damage to both your home building and home contents.
Events Allianz Home Building Insurance covers
Allianz Building Insurance covers the cost of rebuilding or replacing your home building if you’ve experienced loss or damage caused by the following insured events.^
- Fire or smoke (including bushfires6 and grassfires6)
- Theft or burglary
- Storm, cyclone6, or rainwater
- Flood and/or run-off6
- Lightning
- Water or other liquid damage
- Impact damage
- Earthquake or tsunami
- Accidental breakage of glass or ceramic items
- Vandalism or malicious damage
- Explosion
- Riots or civil commotion
^For a full list of events covered by Allianz Home Insurance, see the relevant PDS.
Home Insurance calculator
When you take out Home Building Insurance, it’s important the amount you’re insured for accurately reflects the cost to rebuild your home. This is because you might have to pay the difference out of your own pocket if you’re insured for less than the replacement value of your home.
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Frequently asked questions
Allianz 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.
Allianz Building Insurance covers fire,6 flood,6 storm,6 lightning, theft, and more. 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:
- Your risk profile. Allianz will work this out using a number of factors, such as:
- Where you live
- The type of property you’re insuring
- The amount and type of cover you require
- Any other people also insured under the policy
- The relevant claims history of the people being insured
- The likelihood of a claim being made on your policy
- Any discounts that may apply
- Any compulsory government charges such as Stamp Duty and GST
- Emergency Services Levies if they apply to the State or Territory where your home is located
- Any other charges Allianz tells you about
- The excess you choose7
To find out the cost of insuring your home building through Allianz, get a quick Home Insurance quote in minutes.
Flood cover is included in Building Insurance policies that start from 14 January 2025.6
For Building Insurance policies starting before 14 January, flood cover was optional.
If you’re a renewing customer, you may be able to continue without flood cover if:
- you previously opted out and met certain flood risk criteria
- we weren’t able to offer you flood cover
- we've agreed you can opt-out of flood cover as standard
With Allianz, you may be able to save on your home insurance premium by increasing your basic excess. Allianz policies come with flexible excess levels, giving you the option to increase your basic excess, within a given range, which could reduce your premium.7
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 building costing more than $75,000. If you don’t, Allianz may refuse or reduce a claim under the policy to the extent it's prejudiced by the delay or the 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 that may be available.
When Allianz receives this information, it may:
- Propose changes to the terms and conditions of your policy
- Propose to charge you a higher premium
- Cancel your policy if there’s a change and Allianz can’t reach an agreement with you on altered terms and conditions or premium, or it's no longer prepared to insure you because there has been a material change to the risk
- Decide not to offer to renew your policy
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 building 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 buying insurance and may also ask you for proof of insurance (a Certificate of Currency) before the loan is finalised or for each year your mortgage is held with them.
If you take out Allianz Home Building Insurance, here’s how your home buildings cover can work if the unexpected occurs:
- Your house burns down and you lose all your building structures. With adequate sums insured under Buildings cover, you could rebuild your home back to a similar standard it used to be.
- A fire damages your kitchen. You could repair or rebuild built-in damaged parts of your kitchen, such as benchtops and cabinets, with Buildings cover.
- A thief smashes your window, breaks the locks, but gets away without stealing any of your belongings. You can fix the window and replace your locks through your Allianz Building insurance.
To see some of the events covered and not covered by Allianz Home Insurance, refer to the Key Fact Sheets (KFS).
*Conditions apply
- Up to 30% No Claim Bonus
When you take out a new policy, Allianz will calculate your No Claim Bonus (NCB) based on your home or landlord (as applicable) insurance claims history. To qualify for the maximum No Claim Bonus of up to 30%, Home Insurance customers must have had no Building or Contents Insurance claims in the preceding 5 years. 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. We won’t apply the full percentage of the No Claim Bonus if it results in you paying less than the minimum premium.
The No Claim Bonus isn't applied to the flood component of the premium (if covered) or Domestic workers’ compensation (if available and selected, not available from 21 December 2025) or Portable contents (if selected).
- Minimum premiums may apply
Where discounts are applied, your premium is subject to rounding. If more than one discount applies, they’re applied in a predetermined order, so the later discounts apply to the amount already reduced by the earlier discounts instead of the total amount. Discounts do not apply to government taxes and charges.
Most discounts won’t apply below the minimum amount payable for the policy.
- Online discount
Home: When you both quote and buy a new Home Insurance policy online, a discount of up to 10% is applied to your first year’s premium. This discount is not applied to Domestic workers’ compensation (if available and selected, not available from 21 December 2025), or upon renewal. Minimum premiums may apply.
Landlord: When you both quote and buy a new Landlord Insurance policy online, a discount of up to 10% is applied to your first year’s premium. This discount is not applied to Landlord workers’ compensation (if available and selected, not available from 21 December 2025), or upon renewal. Minimum premiums may apply. - Pay by instalments
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. - Combined Discounts
A discount of up to 10% is applied to your premium when you combine Buildings and Contents on one Home and Contents Insurance policy, including the optional covers (if selected): Motor burnout and Accidental damage cover. The combined discount doesn't apply to any flood component of the premium (where covered) or to the optional Portable contents (if selected) and Domestic workers’ compensation (if available and selected, not available from 21 December 2025). Minimum premiums may apply.
- 72-hour exclusion period may apply
Allianz may not provide cover for any loss of or damage to your property caused by cyclone, flood, flood water combined with run-off and/or rainwater, 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.
- Option to change your excess
Not available with respect to any additional compulsory excess, any imposed excess applied to the policy, or to the Portable Contents excess (if Portable Contents is selected). Any reduction in premium won’t be applied to government taxes and charges, any flood component of the premium (where covered), or to the optional covers Portable Contents (if selected) and Domestic workers’ compensation (if available and selected, not available from 21 December 2025). Minimum premiums may apply.