Allianz Building Insurance

Mozo snapshot:

Many of us want to give our home the quality cover it needs, so why not take a look at Allianz Building Insurance. This buildings insurance policy will cover your home for things like lightning, fire and explosions, with cover for things like flood and accidental damage listed as optional extras. Plus, there’s a discount of up to 10% if you sign up online, or for bundling multiple policies and a no claims discount of up to 30%.

Key features:

Whether you’re a landlord or first home owner, Allianz Building Insurance is a policy that’s designed to give your building cover against the worst case scenarios. You’ll receive cover for building and structural improvements plus a range of events and natural disasters, like fire, breakage of glass and storms - but you’ll also have the option to add cove for things like flood and accidental loss and damage onto your policy.  

The Allianz Building Insurance policy will also cover you for legal liability (up to $20 million), lock replacement (up to $1,000), temporary repairs and debris removal (up to 10% of sum insured combined with demolition costs). 

There’s 24/7 claims logement available and you’ll have your choice of excess to help you budget better. If you'd like to pay your premium in monthly instalments to help you manage the cost of insuring your building you can, jut keep in mind this will mean paying an extra service fee.

However underinsurance protection and cover for power and storm surges are not available with this policy. 

Who it's good for:

The Allianz Building Insurance policy could be a great choice for homeowners looking to score a discount by combining insurance policies with Allianz and landlords who are only interested in covering the building.