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Home Insurance

Buildings Insurance

With Allianz Home and Contents Insurance Building Insurance through Credit Union SA 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

Value my home

FAQs

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, Allianz Home and Contents Insurance will pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.

Cover for the unexpected

Allianz Home and Contents Insurance Building Insurance through Credit Union SA 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 Home and Contents Insurance Building Insurance through Credit Union SA 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, Allianz 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, Allianz 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.

Replacement locks

Allianz Home and Contents Insurance will pay 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.

Debris removal

In addition to your buildings sum insured, Allianz 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.

What does Building Insurance cover?

Buildings insurance is designed to protect the physical structures and fixtures that make up your home buildings: from the house itself, to your garage, fences and paved driveways – even built-in appliances like hot water systems, air-conditioners and more.


Optional covers

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

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.

Get a quote


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.

If you purchased home or landlord insurance before 16 December 2019, please refer to the relevant Classic Home Insurance and/or Prestige Home Insurance Product Disclosure Statements (PDS), any applicable supplementary PDS and Building or Contents Key Fact Sheet/s (KFS).

Want to do more with your money?

Our Special Offer Investment Home Loans can help you save more, so you can maximise your returns and reach your financial goals sooner.

It doesn’t matter if it’s for a new home, an investment property, a block of land or if you’re switching to us from somewhere else, the $2,500 cashback could be all yours!

Get protection for your home buildings and your contents by combining buildings and contents covers on the one policy.

Allianz Motor Insurance through Credit Union SA has a great range of features and benefits designed to suit customers with different needs.

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.