Building Insurance
Your home is your castle, get it covered for storm, fire, floods and more. Score a bonus $150 eGift Card for new policies.*
Get a $150 eGift Card
Buy a new eligible home insurance policy, with a minimum premium of $750 and get a $150 eGift card.* Offer ends 28 November 2025.
*T&Cs apply. Insurance issued by Allianz.
What’s Building Insurance?
Bank of Melbourne Building Insurance, provided by Allianz, covers your home's physical structures and fixtures including your garage, fences and paved driveways. It also includes built-in appliances like hot water systems and air-conditioners.
Why Bank of Melbourne?
One less step
Sort out your insurance and banking together.
Flexible payment options
No extra cost to pay by the month so you can better manage your budget.1
All in one place
See your insurance policies next to your bank accounts in the App.2
Comprehensive cover
Insure your home for storm damage, floods and bushfires.3
Award winning value... yet again!
Bank of Melbourne has been recognised with the Canstar Outstanding Value Home, Home & Contents and Contents Insurance awards for a second year in a row.
Cover for the big and small events
- Flood
- Fire or smoke inc. bushfires
- Lightning
- Storm, cyclone, rainwater or run-off
- Impact damage
- Riot or civil commotion
- Earthquake or Tsunami
- Theft or burglary
- Water or liquid damage
- Explosion
- Vandalism or malicious damage
- Accidental breakage of glass or ceramic items
Storms, floods and bushfires
If you’re a Bank of Melbourne Home or Car Insurance customer impacted by severe weather or bushfires and need help with a claim, call the specialist Bank of Melbourne team at Allianz on 1300 020 266 or submit a claim online.
Benefits for you
Included additional benefits
Get accommodation for you, your family and your pets if your home can’t be lived in. Your policy also covers debris removal and professional fees if you need to rebuild.
Boost your cover with optional extras
For an additional premium, you can add Accidental Damage that includes Motor Burnout, or simply add Motor Burnout on its own to tailor your cover to suit your needs.
Simple online quote
It’s easy to get a quote and find out how much you’ll pay each month.
Already started a quote? Retrieve your quote
Tools and calculators
Calculators are intended as a guide only.4
Help me choose
Use our cover selector to help you find the insurance that’s right for you.
Home Building calculator
Estimate the cost to rebuild your house.
The details on what’s covered
We've summarised some of the key things you should know.
For full details of the terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS) (PDF 991KB) (PDF 995KB), and the Home Building Key Fact Sheets (KFS) before making a decision to purchase the insurance.
Frequently asked questions
Are there exclusions?
All insurance policies have exclusions, and these vary depending on the type of cover you choose. For a summary of the exclusions, conditions and limits that may apply to Building Insurance visit the Understand my cover section.
Does the condition of my property affect my cover?
It is important to keep on top of your home repairs to ensure to ensure little things don’t become a bigger issue down the track. For example, if a storm caused water damage to your ceiling, you may not be fully covered if the water entered because your roof was not properly maintained.
What if I run a business from home?
You can have a home office, but it’s important to tell Allianz if you plan to use any part of your home as a business premises. If you don’t let them know, and you need to make a claim, your claim may be declined or reduced.
What if I rent out my home?
A Home Building Insurance policy does not cover your home or belongings if you rent your home to tenants. You should consider Landlord Insurance.
If you rent out part of your home while you live at the same address, contact Allianz to see which cover may be right for you.
Do I need to tell Allianz if I’ve installed or removed an alarm system?
Yes. Altering the security on your home may change the conditions of your home insurance, which could affect your premium. You should call Allianz as soon as you remove or stop using any security devices that were specifically required under your policy. If you don’t let them know, and you need to make a claim, your claim may be declined or reduced.
Do I need to let Allianz know about any home renovations?
Yes. You should let Allianz know before work commences if the building alterations, additions, demolition, repairs or decorations are over $75,000. If you don’t let them know, and you need to make a claim, your claim may be declined or reduced.
You should also consider increasing your sum insured to include the cost of any extensions or renovations to make sure you are adequately covered if you need to make a home insurance claim.
The Detail
*Buy an eligible home, landlord or motor insurance policy between 2 October 2025 and 28 November 2025 to receive a $150 eGift card after day 60 of your insurance policy being active. T&Cs apply, including a minimum annual premium of $750. Insurance issued by Allianz. Full T&Cs and eligibility criteria can be found on bankofmelbourne.com.au/insuranceoffers.
1Pay by instalment at no additional cost compared with paying annually. Instalments may be subject to minor adjustments due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.
2Policyholders need to ensure their personal details on their policy match with their Bank of Melbourne accounts. Only primary policyholders can see policies alongside their other Bank of Melbourne accounts.
3Allianz may not provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to PDS for when exclusion periods apply.
4The Building and Contents calculators provided by Allianz through a third-party provider, are intended as a guide only. For a more accurate cost to rebuild your home or replace your contents, consider obtaining a professional valuation from a licensed builder or professional valuer.
Any financial product advice provided on this page is general in nature and does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement (PDS), supplementary PDS (if applicable) and Target Market Determination (TMD). To see some of the events covered and not covered, please refer to the Key Facts Sheet (KFS).
Home and Contents Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the initial issue of the insurance under a distribution agreement with Allianz but does not guarantee the insurance.
By selecting 'Get a quote' you will enter a third-party site hosted by Allianz. Any personal information you provide to Allianz will be collected, used and disclosed in accordance with Allianz’s Privacy Statement and Privacy Policy available on their website.
If you purchase Home and Contents Insurance with Allianz the Bank will receive a commission of up to 12% of the premium excluding Government fees and charges, plus GST.
Bank of Melbourne's Privacy Statement is available at bankofmelbourne.com.au/privacy/privacy-statement or by calling 13 22 66. It covers:
- How you can access the personal information Bank of Melbourne holds about you and ask for it to be corrected;
- How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by Bank of Melbourne and how Bank of Melbourne will deal with your complaint; and
- How Bank of Melbourne collect, hold, use and disclose your personal information in more detail.
View the Bank of Melbourne Retail and Business Banking Financial Services Guide and Credit Guide (PDF 161KB)