Protect your home buildings from unexpected events such as fire, theft, and storm.
With Allianz Building Insurance through Nexus Mutual you can be covered if an unexpected event, such as a fire, theft or storm damages or destroys your most important asset, your home.
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 the Key Fact Sheets (KFS) before making a decision to purchase the insurance.
Select the cover to suit your needs.
Effective 18 November 2019
|Rebuilding & professional fees||If you need to rebuild your home after total loss or damage, Allianz will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.|
|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 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 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|
|Debris removal||In addition to your buildings sum insured, Allianz 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.
|Optional cover features||Details|
|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.|
What does Buildings 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.
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.
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/s also available for reference.
Important note: If you purchased home or landlord insurance before 18 November 2019, please refer to the relevant Vital Home Insurance, Classic Home Insurance, Prestige Home Insurance or Landlord Insurance Product Disclosure Statements, any applicable supplementary PDS and Buildings or Contents Key Fact Sheet/s.
Frequently asked questions
Nexus Mutual is a division of Beyond Bank Australia Ltd ABN 15 087 651 143 AFSL/Australian Credit Licence 237 856 and 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 www.beyondbank.com.au/disclosures. 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.