Home insurance

Building Insurance

Cover for your home building, including permanent fixtures and fittings from events such as fire, flood, theft and storm.

What does Building Insurance cover?

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

What you’re covered for

Cover against common events like fire, theft, storm, cyclones, flood and vandalism. A 72-hour exclusion period applies for loss or damage caused by cyclone, bushfires, grassfires, flood or flood water combined with run-off and rainwater.

If you need to rebuild your home after total loss or damage, BankSA will help pay the reasonable costs of architects’, engineers’, surveyors’ and solicitors’ fees up to $5,000.

BankSA will pay 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.

In addition to your building sum insured, BankSA 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.

If your home is damaged by an insured event to the extent that you can’t live in it, we will help pay for temporary accommodation for you and your pets.

What’s not covered

Wear and tear including depreciation, gradual deterioration, wear and tear or lack of maintenance.

Inherent defects including faulty design or materials, structural defects or poor workmanship.

Illegal contents or personal effects which are acquired illegally or are illegally held.

Soil movement including erosion, landslide, mudslide or subsidence unless it is directly caused by and occurs within 72 hours of an explosion, earthquake, tsunami, storm or flood.

For full details, of the terms, conditions, limits and exclusions that apply please read the  Product Disclosure Statement (PDS) (PDF 1MB) and the Home Building and Home Contents Key Fact Sheets (KFS) before making a decision to purchase the insurance.

Optional Cover

Why BankSA Insurance?

Frequently asked questions

If you buy BankSA Home and Contents Insurance, your insurer will be Allianz Australia Insurance Limited. This means if you need to make a claim, Allianz will be there for you to help you get back on track as soon as possible. For more information about our distribution arrangement with Allianz, see the disclaimer below and our Financial Services Guide (PDF 1MB) . 

Flood cover is automatically included for Building and Contents in Home and Landlords policies. For full details of terms, conditions, limits and exclusions, please refer to the relevant Product Disclosure Statement any supplementary PDS (if applicable) and Home Building or Home Contents Key Fact Sheets.

Yes. Altering the security on your property may change the conditions of your home insurance, which could affect your premium. 

You should call 1300 554 002 as soon as you remove or stop using any security devices that were specifically required by Allianz. If you don’t, Allianz may not pay a claim in whole or in part under the policy to the extent permitted by law. 

When Allianz receive this information, they may: 

You should let Allianz know before work commences if any alterations, additions, demolition, repairs to, or decorations of the buildings will be more than $75,000. If you don’t, they may not pay a claim in whole or in part under the policy to the extent permitted by law. When we receive this information, they may: 

You should also increase your sum insured to take into account the cost of any extensions or renovations to make sure you are adequately covered if you need to make a home insurance claim. 

Yes. Please tell us if you plan to start using any part of your home building for business, trade or professional purposes (except for a home office). 

If you don’t, Allianz may not pay a claim, in whole or in part, under the policy to the extent permitted by law. When Allianz receive this information, they may: 

If you’re renting your home out to tenants, our Landlord Insurance is probably a better fit as our Home and Contents Insurance is designed if you also live at the insured address.  

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 in today’s terms. 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. Our home insurance calculators can help you decide the sum to insure that’s right for you

To help you estimate the replacement value of your buildings and/or contents, you can use our Home Building and/or Home Contents calculators. 

Yes. You can cover laptops, tablets, mobile phones, smart watches and other wearable technology away from the home under the Portable Contents optional cover. These items must be specified on your policy as Listed Portable Contents to be covered under this option. We will not cover cracked glass or screens where this is the only damage to the item. Contents cover required to include this option.

Yes. You can cover these items under the Portable Contents optional cover as Unlisted Portable Contents. However, these items will not be covered while they are being used. Contents cover required to include this option.

You can apply to add these options to your policy at any time by contacting Allianz on 1300 554 002. If you’re not sure whether you have added these cover options, you can check your policy schedule. 

Yes. Drones and other remotely or autonomously piloted aircraft owned for personal use are covered if lost or stolen within your property. They are not covered when in use, used for business or when they are not at the insured address.

Insurance Calculators

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. It’s important to have the right amount of insurance to cover the cost of replacing your home in today’s dollars if the unexpected happens. If you don’t have enough, you may have to cover some of the cost yourself and if you have too much, you may only be paid an amount that covers your loss. That's why we've provided these calculators. They work as guides to help you estimate the replacement value of your home building. ^

Insurance purchased prior to 12 December 2021 (no longer for sale)

If you purchased your Insurance before 12 December 2021, here’s where you can find more information about your policy.

Get a quote online

Retrieve a quote

Enquire or apply

1300 554 002

Claim

Lodge your claim online anytime, anywhere with Allianz’s quick claim notification process. Or call 

1300 656 345

Home Insurance Offer Terms and Conditions

1. Online discount When you quote and buy a new home insurance policy online a discount of up to 10% is automatically applied to your first year’s premium including for Flood, and the following optional covers (if selected); Accidental damage, Motor Burnout and Portable Contents. This discount is not applied on renewal.

2. 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 (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.

3. 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.

4. Combined A premium discount of up to 10% for combining Building and Contents covers on one policy is applied for Building and Contents cover. This includes on optional covers for Motor Burnout and Accidental Damage, but not for Portable contents cover. This discount is not applied to the premium for Flood.

5. Policy holders need to ensure their personal details on their policy match with their BankSA accounts. Only primary policyholders can see policies alongside their other BankSA accounts.

BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) can arrange the following insurance but does not guarantee it.

Product Disclosure Statements (PDS)

Home and Contents Insurance Product Disclosure Statement (PDF 1MB)  (applicable to policies issued on or after 12 December 2021 or renewed on or after 22 November 2021)

For the standard terms, conditions and exclusions about our Home & Landlord Insurance, please refer to the relevant Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). To see some of the events covered and not covered, please refer to our Key Fact Sheets (KFS).

Home and Contents is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). BankSA - a Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the insurance under a distribution agreement with Allianz Insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 1300 554 002.

If you take out Home and Contents Insurance with Allianz the Bank will receive a commission of up to 12% of the premium (exclusive of GST).

A target market determination has been made for this product. Please visit https://www.banksa.com.au/tmd for the target market determination.

By clicking on Get a quote you will enter a third party site hosted by Allianz. Any personal information you provide to Allianz’s hosted site will be collected, used and disclosed in accordance with Allianz’s Privacy Statement and Privacy Policy.

BankSA's Privacy Statement is available at banksa.com.au/privacy/privacy-statement or by calling 13 13 76. It covers:

View the  BankSA Retail and Business Banking Financial Services Guide and Credit Guide (PDF 1MB)

For BankSA issued products, conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding. Target Market Determinations for the products are available. Unless otherwise specified, the products and services described on this website are available only in Australia from © BankSA - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.