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Buildings Insurance

Save up to 10% on your first year’s premium when you quote and buy a new buildings insurance policy online1, 4

Get a quoteRetrieve a quote

on your 1st year’s premium when you quote & buy a new policy online1,4

24/7 online claims lodgement

Pay by the month at no extra cost6

Insure your home inside and out

With Over Fifty Buildings Insurance you can be covered if an unexpected event, such as a fire7, theft or storm7 damages or destroys your most important asset, your home.

Policy inclusions

Rebuilding and professional fees

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

Cover for the unexpected

Over Fifty’s Buildings Insurance offers cover for out of the ordinary but devastating events such as fire7, storm7 and burglary.

Cover for storm damage

Covers loss or damage by storm7, cyclone7, rainwater, runoff, (provided runoff is not combined with floodwaters) and, if caused by and occurs within the first 72 hours following a storm, Over Fifty Insurance provides cover for loss or damage caused by soil movement, landslide, mudslide or subsidence.

Making your buildings environmentally friendly

If your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, Over Fifty’s Buildings Insurance will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.

Alternative accommodation for you and your pets

If your Building or 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, Over Fifty Insurance will 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. This benefit applies up to a maximum of 12 months.

Replacement locks

Over Fifty’s Buildings Insurance 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.

Vandalism or malicious damage

Over Fifty Insurance will cover you for loss or damage caused by vandalism or a malicious act.

Debris removal

In addition to your buildings sum insured, Over Fifty’s Buildings Insurance will pay up to 10% of your building sum insured for the removal of debris from the damaged or destroyed part of the buildings.

24/7 online claims lodgement

When you need to make a claim Over Fifty Insurance 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.

Prefer to talk to a real person?

Call our friendly and experienced customer care team (Monday to Friday 8:30am to 6pm AEST)

Call 13 31 30

Policy Documents and Key Fact Sheet

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 Home Product Disclosure Statement (PDS) any applicable supplementary PDS and Home Buildings Key Fact Sheet is also available for reference.

Optional covers

Accidental damage

The accidental damage cover option helps insure you in the event of accidental unexpected mishaps that are caused unintentionally – giving you greater coverage for your home building.

Motor burnout

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

Domestic workers’ compensation cover

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.

Flood cover

Flood cover may be available as an optional cover to your buildings. A 72 hour exclusion period applies.7

What does Building Insurance cover?

  • Fire or smoke (including bushfires and grassfires)7
  • Theft or burglary
  • Storm7 and cyclone7, rainwater or run off (not including flood which subject to eligibility may be available under the optional Flood cover)
  • Lightning
  • Water or other liquid damage
  • Impact damage
  • Earthquake8 or tsunami
  • Accidental breakage of glass or ceramic items
  • Vandalism or malicious damage
  • Explosion
  • Riots or civil commotion

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 – 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.

Home Building replacement calculator

Value my home

Home Contents replacement calculator

Value my contents

Frequently asked questions

What do I do if I need to make a buildings insurance claim?

Do what you reasonably can to prevent any further loss, damage or liability. Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary or loss of insured property. Contact the Claims Call Centre on 1300 671 777 and advise the Claims Consultant of what has happened: the Claims Consultant will help you through the contents insurance claims process.

In order to be sure that you are covered under this policy you should always contact Allianz for approval before you incur expenses you wish to claim. If you do not, Allianz will pay for expenses incurred to the amount Allianz would have authorised had you asked Allianz first.

Am I covered for Flood?

Flood cover is an option on both Building and Contents in Home and Landlords policies. Please call us on 13 31 30 to find out whether you are eligible for Flood cover. For full details of terms, conditions, limits and exclusions of all our home insurance cover options, please refer to the relevant Product Disclosure Statement any supplementary PDS and Home Buildings Key Fact Sheet.

What do I do if I rent my home out to tenants?

If you’re renting all of your home out to tenants, cover is not available under our Home and Contents Insurance policy. Cover is not available for these types of losses under our Home and Contents Insurance. If you rent out part of your home while you live at the same address, please contact us so we can determine if you are eligible for this product. Click here.

What does it mean if I take the Accidental Damage cover option?

This optional cover provides even more cover – it covers you in the event of damage caused by accidental unexpected mishaps that are caused unintentionally not just the specified insured events.

If you have Buildings cover only and select this option, examples of the sort of mishaps you’ll be covered for include when:

  • You accidentally smash a hole in the wall when you move some furniture.
  • Your kids draw all over your walls.

I would like cover for my portable contents with my Buildings cover, what are my options?

The option to include portable contents cover under your policy may only be applied for if you have Contents cover or both Buildings and Contents cover. Your policy schedule will show which of the optional covers apply.

How do I know if I have optional covers on my policy?

You can apply to add these options to your policy when you start or renew it (or during your period of insurance by contacting Over Fifty’s Insurance on 13 31 30). If you’re not sure whether you have added these cover options, you can check your policy schedule.

How should I determine the replacement value of my buildings?

The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the buildings replacement value.

What is considered ‘unable to be lived in’?

Your home is unable to be lived in when it is so damaged that normal domestic activities like cooking, sanitation and personal hygiene cannot take place, and you cannot live in the home.

How to make a claim

Make a claim 24/7 using our online claims form or call 13 10 13 to speak to a consultant. 

What you need to get started

You’ll need the following details to start your claim. The Claims team will contact you to discuss next steps once your claim is received. 

  • Your policy information
  • Information about the incident, such as the date, where the damage occurred, etc.
  • Details about the loss or damage you are claiming for
  • Information about any other people, vehicles or property involved.
DISCLAIMERS
Over Fifty Insurance Pty Ltd ABN 58 007 165 200 AR 295939 arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Any advice provided is general advice only. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from www.over50insurance.com.au. The relevant Target Market Determination is available by calling 13 31 30. If you purchase this insurance, we will receive a commission that is a percentage of the premium, a profit share and marketing costs.  Ask us for more details before we provide you with services.
1. Online discount
When you quote and buy a new home insurance policy online a discount of up to 10% is applied to your first year’s premium including the following optional covers (if selected); Accidental damage, Flood, Motor Burnout and Portable Contents. This discount is not applied on renewal.
When you quote and buy a new Landlord insurance policy online, a discount of up to 10% is applied to your first year’s premium including the optional covers (if selected): Flood and Rent Default and Theft by Tenant. This discount isn’t applied on renewal.
2. Combined
A discount of up to 10% is applied to your premium when you combine Buildings and Contents on one Home Insurance policy, including for the following optional covers if selected: Motor Burnout and Accidental Damage cover. The combined discount doesn’t apply to Landlord policies, Flood or Portable Contents optional covers.
3. No Claims Bonus
When you take out a new policy, we calculate your No Claims Bonus (NCB) based on your home or landlord (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 5 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. The No Claim Bonus is applied to some optional covers if selected; Motor Burnout and Accidental Damage, but not Flood or Portable Contents Cover, if selected.
4. 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 / 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.
5. Option to change your excess
Not available with respect to any additional compulsory excess, imposed excess applied to the policy or to the Portable contents excess. Any reduction in premium will not be applied to government taxes and charges, or to optional covers (if available and selected): Domestic Workers compensation, Flood or Portable contents. Minimum premiums apply.
6. 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.
7. 72 hour waiting period
We 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.
8. Earthquake excess
An additional imposed excess amount of $250 applies for each claim or loss or damage caused by an earthquake or tsunami, or series of earthquake or tsunamis, during any period of 48 consecutive hours.