Bankwest - Building Insurance

Bankwest Building Insurance Review

Review published: 20 September 2017

What's hot:

  • 2017 Mozo Experts Choice winner

  • 10% online discount

  • Underinsurance proteciton

What's not:

  • No new for old replacement

  • Monthly premium payments cost extra

Mozo snapshot:

This year, Bankwest’s Building Insurance has taken out a Mozo’s Experts Choice Award for Exceptional Quality Home Buildings Insurance and for good reason. Along with round the clock service, you can choose your excess and automatically be given a 10% discount if you apply online. 


Key features:

With Bankwest’s Building Insurance you won’t have trouble receiving cover for any accidental loss, damage or breakage of glass along with 14 unpredictable events, ranging from fires and floods to theft or burglary, vandalism and riots or civil commotion. However, if you’ve got any future renovation plans, it’s important to know that you won’t get cover for building materials or if your home suffers from a storm surge.

You’ll also get legal liability cover for up to $20,000,000 and temporary accommodation for you and your pet if your home becomes unlivable.

Bankwest Building Insurance provides cover up to the sum insured amount for your gates, fences and landscaping along with any needed structural improvements, lock replacements, debris removal, demolition costs or temporary repairs.

Plus, if you often worry that your home hasn’t been insured with the correct value, you can rest easy as Bankwest also offers underinsurance protection of up to 25% of the sum insured amount.

Who it's good for:

Bankwest Building Insurance is a good choice for anyone looking to protect their home against many of life’s unforeseeable events. It’s also available Australia-wide so no matter where you live, you’ll be able to take out a policy.  


Any catches?

One of the things you should know is that Bankwest’s Building Insurance does not offer new for old replacement. This means that should any item be damaged or stolen from your home, Bankwest will not provide you with a new replacement or make any repairs, it will pay out the sum insured amount.

There are always exclusions with any insurance policy so to make sure that your home will be adequately covers, be sure to read the Product Disclosure Statement (PDS) before signing on the dotted line.  



How is Bankwest home insurance rated by the Mozo community?

Product Type Overall Rating Price Features Service Claims Handling Trust
Bankwest home insurance
7.0

Based on 10
Bankwest home insurance reviews

7.7 7.3 7.1 6.2 7.8

Latest reviews of Bankwest Building Insurance

Bankwest

Bankwest home insurance review

Overall rating   10 / 10

Just great

None they are just great

Full review

None they are just great

    Value for money   8 / 10

    Policy coverage   10 / 10

    Customer service   9 / 10

    Claims handling   9 / 10

    Trust   10 / 10

Less

Eric (WA), reviewed over 1 year ago

Bankwest

Bankwest home insurance review

Overall rating   10 / 10

Easy and understandable

I've been with Bankwest for a couple years and they have never let me down.

Full review

I've been with Bankwest for a couple years and they have never let me down.

    Value for money   10 / 10

    Policy coverage   10 / 10

    Customer service   10 / 10

    Claims handling   10 / 10

    Trust   10 / 10

Less

Scott (WA), reviewed about 2 years ago

Bankwest

Bankwest Home & Contents Insurance home insurance review

Overall rating   8 / 10

Very good assistance

Very good.

Full review

Very good.

    Value for money   8 / 10

    Policy coverage   7 / 10

    Customer service   9 / 10

    Claims handling   7 / 10

    Trust   10 / 10

Less

Shane (WA), reviewed about 2 years ago

Bankwest

Bankwest Home & Contents Insurance home insurance review

Overall rating   6 / 10

Competitive rates, nohassle paying account on time

Been with them for quite sometime and very happy.

Full review

Been with them for quite sometime and very happy.

    Value for money   7 / 10

    Policy coverage   7 / 10

    Customer service   5 / 10

    Claims handling   7 / 10

    Trust   5 / 10

Less

Darrel (WA), reviewed over 2 years ago

Bankwest

Bankwest Home Insurance home insurance review

Overall rating   6 / 10

I like my insurer, I don't want to change

I like my insurer, I don't want to change. My broker is CBA.

Full review

I like my insurer, I don't want to change. My broker is CBA.

    Value for money   10 / 10

    Policy coverage   10 / 10

    Customer service   3 / 10

    Claims handling   0 / 10

    Trust   10 / 10

Less

Daozhi (NSW), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Buildings

  • Up to sum insured

  • sum insured

Events

  • Optional extra

  • Up to 10 years old

Policy and service features

  • 60

  • Up to 25% of sum insured

  • 100

  • 10% online discount

  • Up to $20,000,000

Other cover

  • Reasonable cost

  • Up to 52 weeks

  • Up to 12 months

Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).

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