Understanding your Home and Contents Insurance cover
Important notice
Here’s a summary of key features of BankSA Home and Contents Insurance, provided by Allianz. It doesn’t provide a complete statement of the cover offered, exclusions, conditions and limits that may apply. You should read the Product Disclosure Statement for more details on what’s covered and what may not be covered.
Product Disclosure Statement (PDF 1MB)Product Disclosure Statement (PDF 1MB)
What’s covered?
Building insurance is designed to cover the physical structures and fixtures that make up your buildings. This includes the house, garage, fences and paved driveways – even built-in appliances such as hot water systems, air-conditioners and more.
Refer to page 24 of the Product Disclosure Statement (PDS) (PDF 1MB)Refer to page 24 of the Product Disclosure Statement (PDS) (PDF 1MB)
Covered by Building insurance
Covered by Contents insurance
Covered by Contents insurance
What you are covered for under each of the insured events
There may be exclusion periods and conditions for each event. Please refer to the relevant page in the Product Disclosure Statement.
Buildings and/or contents
Loss or damage caused by:
- fire
- bushfires and grassfires, or
- smoke.
Additional benefits
Here’s a summary of included additional benefits. These benefits are added to your sum insured amount or are explained below. For full details of what is covered and limitations, please refer to the relevant page in the Product Disclosure Statement.
Buildings
If your home building is damaged by an insured event during the period of insurance to such an extent that you can’t live in it, rental costs for accommodation for you and your pets will be paid for the period it reasonably takes, to repair or rebuild your home building.
Contents
If your contents are damaged by an insured event during the period of insurance to such an extent that you can’t live in your home buildings, a benefit will be paid to help you pay for alternative accommodation.
Optional Cover (at an extra cost)
Here’s a summary of the optional cover you can choose to add to buildings or contents insurance, for an additional fee.
Available for Contents cover, or both Buildings and Contents cover.
Portable contents are items designed to leave your insured address with you (such as a handbag, wallet, suitcase or musical instrument) or on you (such as spectacles, sunglasses, jewellery or clothing).
Choose from two types of portable contents cover (or choose both)
- Unlisted portable contents
Choose from the available limits of cover per item and with a combined total sum insured for all items per claim for unlisted portable contents, without having to individually list these items. - Listed portable contents
You can ask to cover specific portable contents separately for their full value. These items will be covered individually for a specified amount (less any excess).
Note: Laptops, tablets, mobile phones, smart watches and other wearable technology are only covered under this option if they are specified on your policy as Listed Portable Contents. Cracked glass or screens are not covered where this is the only damage to the item.
What may not be covered
You may not be covered for damage caused by, or to, items that have not been well maintained. For example, if a storm causes water damage to your ceiling, you may not be fully covered if the water entered because of a poorly maintained roof.
There are some general and additional exclusions that apply to certain insured events. For full details of what may be excluded, please refer to the relevant page in the Product Disclosure Statement.
Including depreciation, gradual deterioration, wear and tear or lack of maintenance.
Important information
*Allianz 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.
There are some general and additional exclusions that apply specifically to certain insured events. For full details, please refer to the Product Disclosure Statement.
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). BankSA – 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.
BankSA's Privacy Statement is available at banksa.com.au/privacy/privacy-statement or by calling 13 13 76. It covers:
- How you can access the personal information BankSA 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 BankSA and how BankSA will deal with your complaint; and
- How BankSA collect, hold, use and disclose your personal information in more detail.