Buildings Insurance

Insure your home buildings from unexpected events such as fire7, theft, storm7 and flood7.

With Allianz Buildings Insurance through Heritage Bank, you can be covered if an unexpected event, such as a fire7, theft or storm7, damages or destroys your most important asset, your home.

  • Save up to 10% on your first year’s premium when you quote and buy a new buildings insurance policy online1,4
  • You may qualify for up to 30% No Claim Bonus 3, 4
  • Option to increase your excess which may reduce your premium5
  • Pay by the month at no extra cost 6
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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 standard terms conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS) and any applicable supplementary PDS before deciding to purchase the insurance. The Home Buildings Key Fact Sheet (KFS) also sets out some information about the cover.

Rebuilding professional fees

If you need to rebuild your home after total loss or damage, Allianz Building Insurance through Heritage Bank will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.

Cover for the unexpected

Allianz Home Building Insurance through Heritage Bank offers cover for out of the ordinary but devastating events such as fire,7including bushfire7and grassfire,7, earthquake8 and burglary.

Cover for storm damage

Covers loss or damage caused by storm, cyclone7 or rainwater but this does not include run-off. 

Cover for flood and/or run-off

Covers loss or damage caused by flood7, run-off, flood water7 combined with run-off and/or rainwater.

Making your buildings environmentally friendly

If your buildings are totally destroyed and needs to be rebuilt, in addition to your buildings sum insured, Allianz Building Insurance through Heritage Bank 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 Buildings 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 Building Insurance through Heritage Bank will pay the additional costs for temporary accommodation based on your building’s rentable value prior to the damage, up to for you up to 10% of the building sum insured 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 Building Insurance through Heritage Bank 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.

Vandalism or malicious damage

Allianz Building Insurance through Heritage Bank will cover you for loss or damage caused by vandalism or a malicious act.

Debris removal

In addition to your buildings sum insured, Allianz Building Insurance through Heritage Bank will pay up to 10% of your building sum insured for the removal of debris from the damaged or destroyed part of the buildings.

Legal liability

Allianz Building Insurance through Heritage Bank 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).

24/7 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 claims line to commence the claims process over the phone.

Optional Covers

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

Optional cover Description
Accidental damage  The accidental damage cover option helps insure 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 that are less than 10 years old. This cover is automatically included if you have taken optional Accidental Damage cover
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 relevant Home Product Disclosure Statement (PDS) any applicable supplementary PDS and Home Buildings Key Fact Sheet also available for reference.  
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 (subject to the policy terms and conditions) - 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.
Building replacement calculator
FAQ's

What do I do if I rent my home out to tenants?

If you’re renting all of your home out to tenants, cover is not available under our Home and Contents Insurance Policy. You may need to consider Landlord Insurance.

If you rent out part of your home while you live at the same address, please contact us so we can determine if you are eligible for this product. 

What does it mean if I take the Accidental Damage cover option?

Accidental Damage is optional and provides cover 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.

I would like cover for my portable contents with my Buildings cover, what are my options?

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.

How do I know if I have optional covers on my policy?

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.

What is considered ‘unable to be lived in’?

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 you cannot live in the home.
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