Home Insurance
Cover your home, inside and out. Plus save up to 25% when you quote and buy online.*
Chance to win a $500 Bunnings gift card
When you take out a new Bank of Melbourne Home Insurance policy;
You get a chance to win one of 25 Bunnings gift cards, valued at $500+
- Offer ends 13 September 2020
Home & Contents Insurance
Cover for both your home and personal belongings, should an unexpected event cause loss or damage to your property. Home & Contents Insurance covers the cost of rebuilding or repairing your home along with repair or new for old replacement of your personal belongings.
Contents Insurance
Your personal belongings might be worth more than what you think. Contents Insurance provides cover if an unexpected event were to cause loss or damage to your belongings, ideal for properties where you pay strata fees and you need additional cover.
Building Insurance
Cover to repair or rebuild the physical structure of a property or any permanent fixtures in an unexpected event, such as flood, fire and more. Building Insurance is calculated on rebuild value and not the market value of a property.
Landlord Insurance
Cover for both your investment property and contents that you lease out to tenants from loss or damage caused by flood, fire, storm, theft and more.
Renters Insurance
Your landlord is responsible for your four walls, but what about your personal belongings? Renters Contents Insurance gives you peace of mind that if an unexpected event were to happen, which causes loss or damage to your contents, you have the help you need to get back on your feet.
Frequently asked questions
Who is responsible for Building Insurance if I live in a unit?
If you live in a strata title apartment, the building will be covered by residential strata insurance (also known as body corporate cover). This type of cover is mandatory in every state and territory in Australia and the cost is shared between all owners, and is generally included as part of the building levies. Check with the executive committee of your building or managing agent to confirm your apartment is covered through residential strata insurance.
________________________
Which kind of Building Insurance policy is right for you?
There are two types of Building Insurance cover – total replacement and sum-insured:
Total replacement covers all the costs to rebuild your home to the standard it was before it was destroyed. A total replacement policy means you won’t have to worry about any shortfall to repair or rebuild your home.
Sum insured provides cover up to a set amount to repair or rebuild your home.
________________________
Who needs Contents Insurance?
Contents Insurance is suitable whether you live in a home or unit - and whether you own your place or rent. If you own and live in a unit or apartment and there is a body corporate, you’ll need to include fixtures and fittings such as carpets, light fittings, kitchen cupboards and repainting costs in your contents insurance.
________________________
What type of insurance do you need for your home?
Building Insurance (also known as home owners insurance) provides cover for your home from events such as fire, storm damage and floods. It covers the cost of repairing or rebuilding your home and other buildings on your property such as garages and sheds.
Building insurance covers both the main structure as well as permanent fixtures such as kitchen cabinets, plumbing and built-in wardrobes. Depending on the policy, it may also cover any legal liability caused to someone injured visiting your property.
Offer & Benefits
Save up to 25% online*
Quote and buy online to save 15% off your annual premium for the first year with promotional code COVER. Plus, 10% when you combine home and contents located at the same address under one policy.
Payment flexibility
You can pay for your cover monthly or yearly - whatever suits you.^
Simple claims process
24/7 claims support available online and over the phone, we're there for you when you need us. One of our dedicated Australian claims managers will call you back if we have further questions.
The Detail
Cover is subject to your application for insurance being accepted.
Key Facts Sheets (KFS):
Home Building Essential Care KFS (PDF 311KB)
Home Contents Essential Care KFS (PDF 335KB)
Home Building Quality Care KFS (PDF 311KB)
Home Contents Quality Care KFS (PDF 336KB)
Home Building Premier Care KFS (PDF 311KB)
Home Contents Premier Care KFS (PDF 341KB)
Product Disclosure Statements (PDS)
Home and Contents Insurance Product Disclosure Statement and Supplementary Product Disclosure Statement (PDF 1MB) (applicable to policies issued or renewed on or after 1 July 2019)
Home and Contents Insurance Product Disclosure Statement and Supplementary Product Disclosure Statement (PDF 1MB) (applicable to policies initially issued in the period between 30 June 2018 and 30 June 2019; or renewed in the period between 30 July 2018 and 30 June 2019)
This information does not take your personal objectives, circumstances or needs into account. Read the relevant PDS(s) to see if this insurance is right for you.
* Quote and buy online and save 15% off your annual premium for the first year with promotional code COVER. Plus, save 10% when you combine building and contents at the same address under the one policy.
+ Promotion opens 3 August 2020 at 9am AEST and closes 13 September 2020 at 11.59pm AEST. Entry is open to all residents of Victoria aged 18 years or over. Westpac Group employees are eligible to participate in this Promotion. To enter the promotion, entrants must during the Promotion period: submit an application for a Bank of Melbourne Home Insurance policy, issued by Westpac General Insurance Limited being any of Home and Contents Insurance; Building Insurance; Contents Insurance; Landlord Insurance; or Renters Insurance (each a “Policy”) by either: (1) Visiting www.bankofmelbourne.com.au/personal/insurance/home-insurance and completing and submitting the application online; (2) In person by visiting any Bank of Melbourne branch and completing the application and handing to a Bank of Melbourne branch representative; or (3) Calling the Bank of Melbourne contact centre 13 22 66 and completing the application over the phone. The premium for the Policy must be paid for the year if paying yearly, or the first monthly instalment, if paying monthly, and the two-week Policy cooling off period passed to be an eligible entry and the Policy must be current at the time of the draw. In the event of the Policy having more than one policy holder, the Eligible Entrant will be the first Policy Holder named on the Policy. There are 25 Prizes. Each Prize consists of a Bunnings Gift Card valued at $500. Prize draw will take place at 11am AEDT on 2 October 2020 at 200 Barangaroo Avenue, Barangaroo. Winners notified in writing on 6 October 2020 and their names will be published in The Australian newspaper on 16 October 2020. Download full terms and conditions (PDF 126KB). Promoter is Bank of Melbourne – a Division of Westpac Banking Corporation ABN 33 007 457 14. Insurance issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) (except workers compensation cover where applicable). Bank of Melbourne distributes the insurance, but does not guarantee the insurance. Bank of Melbourne, a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Policy terms, conditions, limits and exclusions apply. This information does not take your personal objectives, circumstances or needs into account. Please read the Product Disclosure Statement (PDF 1MB) to see if this insurance is right for you. (C) Bank of Melbourne
Home and Contents Insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (except workers compensation cover where applicable). Bank of Melbourne – a Division of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) distributes the insurance, but does not guarantee the insurance.