Buildings Insurance

Protect your home buildings from unexpected events such as fire, theft, and storm.

With Allianz Building Insurance through Heritage Bank you can be covered if an unexpected event, such as a fire, theft or storm damages or destroys your most important asset, your home.

  • Save up to 10% on your first year’s premium when you purchase a new buildings policy online1,4
  • Get up to 30% No Claim Bonus discount on your premium 3, 4
  • Option to increase your excess which may reduce your premium5
  • Pay by the month at no extra cost 6
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 insurance policy. For full details of the terms conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS and Key Fact Sheet (KFS) before making a decision to purchase the insurance. Select the cover to suit your needs.

Effective 16 December 2019

24/7 emergency claims assistance

When you need to make a claim Allianz are there for you with a 24 hour claims line, helping you get back on track again as soon as possible.

Cover for the unexpected

Allianz offers protection for out of the ordinary but devastating events such as fire, storm and burglary.

Cover for storm damage

Rest easy, within the first 72 hours following a storm, Allianz have got you covered for loss or damage caused by soil movement, landslide, mudslide or subsidence caused by a storm.

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 to help you make the new buildings more environmentally friendly.

Alternative accommodation for you and your pets

If your building is 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 buildings sum insured and up to $500 for temporary accommodation for your pets in a commercial boarding establishment. 

Optional Covers

Add any of these optional covers for an additional premium and greater cover.

Optional cover Description
Accidental damage  The accidental damage cover option helps protect you in the event of accidental unexpected mishaps that are caused unintentionally – giving you greater coverage for your home building.
Motor burnout The Motor burnout option covers you if an electrical current damages your household electrical motors.
Flood cover Flood cover may be available as an optional cover to your buildings. A 72 hour exclusion period applies.
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.
Policy Documents and Key Fact Sheets

We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please refer to the Heritage Bank Financial Services Guide, the Home Product Disclosure Statement (PDS), any applicable supplementary PDS and the Home Buildings Key Fact Sheet (KFS).

If you purchased home or landlord insurance before 16 December 2019, please refer to the relevant Product Disclosure Statements, any applicable supplementary PDS and the Buildings or Contents Key Fact Sheets.

Home Building Calculator

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. That's why we've provided the calculator. It works as a guide to help you estimate the replacement value of your home building.
FAQ's

Take all reasonable precautions to prevent further loss, damage or liability. Contact the police immediately to report any malicious damage, theft, attempted theft, burglary or loss of insured property. Contact the Claims Call Centre on 1300 555 030 and advise the Claims Consultant of what has happened: the Claims Consultant will help you through the buildings insurance claims process.
Flood cover is an option on both Building and Contents in Home and Landlords policies. Please call us on 13 14 22 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. 
If you’re renting your home out to tenants, cover is not available under Allianz Home and Contents Insurance through Heritage Bank unless you also live at the insured address.  Through Allianz, we offer a product that has been specifically designed for landlords that you can consider instead.

This optional cover provides even more protection – it covers you in the event of damage caused by accidental unexpected mishaps that are caused unintentionally not just the specified insured events.

If you have Buildings cover only and select this option, examples of the sort of mishaps you’ll be covered for include when: 

  • You accidentally smash a hole in the wall when you move some furniture.
  • Your kids draw all over your walls.

The option to include portable contents cover under your policy may only be applied for if you have Contents cover or both Buildings and Contents cover.

Your policy schedule will show which of the optional covers apply.

You can apply to add these options to your policy when you start or renew it (or during your period of insurance by contacting Heritage Bank on 13 14 22). If you’re not sure whether you have added these cover options, you can check your policy schedule.
The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the buildings replacement value.
Allianz will consider your home is unable to be lived in when it is so damaged that normal domestic activities like cooking, sanitation and personal hygiene cannot take place, and Allianz agree that you cannot live in the home.