With Credit Union SA Home and Contents Building Insurance 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
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, we 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.
Home Building replacement calculator
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 Statements (PDS), any applicable supplementary PDS and Key Fact Sheets (KFS) before making a decision to purchase the insurance.
Select the cover to suit your needs. Effective 16 December 2019.
Rebuilding and professional fees
If you need to rebuild your home after total loss or damage, Credit Union SA Home and Contents Insurance will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.
Cover for the unexpected
Credit Union SA Home and Contents Insurance 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, Credit Union SA Home and Contents Insurance has 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, Credit Union SA Home and Contents Insurance 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, Credit Union SA Home and Contents Insurance will pay the additional costs for temporary accommodation 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.
Credit Union SA Home and Contents Insurance 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.
In addition to your buildings sum insured, Credit Union SA Home and Contents Insurance 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.
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.
Add any of these optional covers for an additional premium and greater cover.
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.
The Motor burnout option covers you if an electrical current damages your household electrical motors.
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 Home Product Disclosure Statement (PDS), any applicable supplementary PDS and Home Buildings Key Fact Sheets (KFS) also available for reference.
Want to do more with your money?
Credit Union SA Ltd ABN 36 087 651 232, AFSL/Australian Credit Licence Number 241066, arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from creditunionsa.com.au/terms-and-conditions. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services.
1 Online discount A premium discount of up to 10% is applied to your first years premium when you buy a new home insurance policy online including the following optional covers (if applicable); Accidental damage, Flood, Motor Burnout and Portable Contents. This discount is not applied on renewal.
3 NCB When you take out a new policy, we calculate your No Claims Bonus based on your home or landlords (as applicable) 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. 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.
4 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.
5 Excess reduction Not available when an additional compulsory excess or imposed excess applies. Minimum Premiums apply.
6 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.