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BSB 650 000

Buildings Insurance

Protect your home buildings from unexpected events such as fire, theft, and storm.****

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  • interest rates icon You may qualify for up to 30% No Claims Bonus on your premium. ~**
  • Community support icon Option to increase
    your excess     which may reduce your premium.*
  • npbs icon Pay by the month at no extra cost.<
  • 10% Save up to 10% on your first year’s premium when you purchase a new building policy online. ** ***

With Allianz Building Insurance through Newcastle Permanent you can be covered if an unexpected event, such as a fire, theft or storm**** damages or destroys your most important asset, your home.

Premium Plus Package Customers:
To access your Premium Plus Package insurance discount please visit us at your local branch or alternatively call us. This discount is not available online.

  • Features and benefits

    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), any applicable supplementary PDS before making a decision to purchase the insurance. The Home Buildings Key Fact Sheet (KFS) also sets out some information about the cover. 

    Select the cover to suit your needs.


    Effective 22 February 2021.

     

    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.

     

    Allianz offers protection for out of the ordinary but devastating events such as fire, storm and burglary.****

     

    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.

     

    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 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.

    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 or contents sum insured (as applicable) and up to $500 for temporary accommodation for your pets in a commercial boarding establishment.

     

    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.

    You are covered for loss or damage caused by vandalism or a malicious act.

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

    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

    Optional covers

    Apply to 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. This cover is automatically included if you have taken optional Accidental Damage cover.

    Flood cover may be available as an optional cover to your buildings. A 72 hour exclusion period applies.

    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.

  • Calculators

    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.

Key Information:
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 or Landlord Product Disclosure Statement (PDS), any applicable supplementary PDS and Home Buildings, Home Contents, Landlord Building or Landlord Contents Key Fact Sheet also available for reference.

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Newcastle Permanent Building Society Limited arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708, acting under our own AFS License. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the Product Disclosure Statement and key fact sheets available on this website, by calling 13 19 87 or from any branch. The relevant Target Market Determination is available by calling 1300 493 824. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details or see our Financial Services Guide before we provide you with services.
~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.
**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.
***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.
****a 72-hour exclusion period applies to some insured events
<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.
*Not available when an additional compulsory excess or imposed excess applies. Minimum Premiums apply.
» The links provided are to websites controlled or offered by third parties (non-Newcastle Permanent).