Home insurance

Building Insurance

Your home is your castle, get it covered for storm, fire, floods and more.

$125 eGift card

Purchase a new eligible Home Insurance policy, with a minimum premium of $750, before 12th August and get a $125 eGift card. Terms and conditions apply.  

What’s Building Insurance?

BankSA 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 BankSA?

Sort out your insurance and banking together.

No extra cost to pay by the month so you can better manage your budget.2

See your insurance policies next to your bank accounts in the App.1

Insure your home for storm damage, floods and bushfires.*

Cover for the big and small events

Affected by severe weather?

If you’re a BankSA Home Insurance customer impacted by severe weather and need help with a claim, call the specialist BankSA team at Allianz on 1300 656 345 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.^

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 1MB) , 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.

Get a quote

Get a quote online or call

1300 554 002

Retrieve a quote

Check or change your cover

Call the specialist BankSA Insurance team at Allianz on

1300 554 002

Mon–Fri, 7.30am–8.30pm Sat–Sun, 7.30am–4.30pm

Make a claim

Lodge your claim online 24/7 with Allianz using the online claim form, or call

1300 656 345

Home Insurance Offer Terms and Conditions

#Buy an eligible home, contents or landlord insurance policy between 20/05/2024 and 12/08/2024 to receive a $125 eGift card after day 60 of your insurance policy being active. T&Cs apply, including a minimum premium of $750. Full T&Cs can be found here.

*72-hour exclusion period may apply. Allianz doesn’t 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. For full details of conditions and exclusions please refer to the relevant PDS.

^The Building and Contents calculators, provided by Allianz through a third-party provider, are intended as a guide only. For a more accurate rebuilding or replacement cost, consider obtaining a professional valuation from a licensed builder or professional valuer.

1Policy holders need to ensure their personal details on their policy match with their BankSA accounts. Only primary policyholders can see policies alongside their other BankSA accounts.

2Instalment premiums: If you choose to pay your premium by instalments you do not pay 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.

For the standard terms, conditions and exclusions about Home & Landlord Insurance, please refer to the relevant Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). To see some of the events covered and not covered, please refer to the Key Fact Sheets (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 arranges the initial issue of the insurance under a distribution arrangement with Allianz, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 1300 554 002.

If you take out Home and Contents or Landlord Insurance with Allianz the Bank will receive a commission of up to 12% of the premium, excluding Government fees and charges, plus GST.

A target market determination has been made for this product. Please visit https://www.banksa.com.au/tmd for the target market determination.

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View the  BankSA Retail and Business Banking Financial Services Guide and Credit Guide (PDF 1MB)

For BankSA issued products, conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding. Target Market Determinations for the products are available. Unless otherwise specified, the products and services described on this website are available only in Australia from © BankSA - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.