Westpac - Building Insurance

Westpac Building Insurance Review

Rates and fees information correct as at 25 November 2017.

Review published: 20 September 2017

What's hot:

  • 2017 Experts Choice winner

  • Underinsurance protection

  • Lifetime guarantee on authorised repairs

  • Pay monthly at no extra cost

What's not:

  • No new for old cover

  • No cover for death and injury

Mozo snapshot:

Westpac Premier Care Residential has received the Experts Choice Award for Exceptional Quality Home Buildings Insurance for a policy that has your home well protected. Underinsurance protection is one of the benefits you’ll receive with this policy as well as a lifetime guarantee on authorised or arranged repairs. Along with being able to pay monthly at no cost, you’ll also be able to receive a no claims bonus, a 10% online discount, a combined policy discount and if applicable, an over 50s discount.

Key features:


Whether your home has been through a fire or become a victim to vandalism, Westpac Premier Care Residential has got you covered for heaps of events. While events like storms and accidental damage are also covered, you also have other extras attached to your policy for a higher level of cover. For example, if you and your pet need to temporarily move out of home, Westpac Premier Care Residential will cover the cost of accommodation. You’ll also be covered for lock replacements, debris removal and demolition costs, plus any temporary repairs your home may need.

If you’ve got any upcoming renovation plans, building materials and structural improvements are also covered along with landscaping and any gates and fences that are attached to your home. Although your home will be receiving a high standard of protection, you do need to know that power surges are not covered under this policy.

And don’t forget you can snag a range of discounts, including for buying a policy online, a no claims bonus, combined policy and seniors discount.

Who it's good for:

Westpac Premier Care Residential is a good option for those looking to give their home the highest standard of cover around and don’t mind paying for it.


Any catches?

Westpac Premier Care Residential do not offer new for old replacement for your home and although there is underinsurance cover for up to 30% of the sum insured, it's important you take the time to value your property correctly, so you aren't left out of pocket.

How is Westpac home insurance rated by the Mozo community?

Product Type Overall Rating Price Features Service Claims Handling Trust
Westpac home insurance
8.0

Based on 138
Westpac home insurance reviews

7.5 7.7 8.2 7.4 7.9

Latest reviews of Westpac Building Insurance

Westpac

Westpac Premier Care Residential (Home & Contents) home insurance review

Overall rating   10 / 10

Good provider

They have a wide variety of inclusions for no extra cost and good flood cover.

Full review

They have a wide variety of inclusions for no extra cost and good flood cover.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Kerralie (ACT), reviewed 5 months ago

Westpac

Westpac Premier Care Residential (Home & Contents) home insurance review

Overall rating   9 / 10

Reliable and established

The premiums may be higher than some of the currently advertised products but when we read the fine print on the other quotes we realised that they had too many exclusions. We haven't had to claim thankfully but are confident that there would be...

Full review

The premiums may be higher than some of the currently advertised products but when we read the fine print on the other quotes we realised that they had too many exclusions. We haven't had to claim thankfully but are confident that there would be no problems with Westpac.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Kim (TAS), reviewed 9 months ago

Westpac

Westpac home insurance review

Overall rating   8 / 10

Friendly efficient service

I recently made a claim and they were very helpful

Full review

I recently made a claim and they were very helpful

    Value for money   7 / 10

    Policy coverage   7 / 10

    Customer service   7 / 10

    Claims handling   10 / 10

    Trust   10 / 10

Less

Lesley (WA), reviewed over 1 year ago

Westpac

Westpac Premier Care Residential (Home & Contents) home insurance review

Overall rating   10 / 10

I have never found this to be an issue

Because we have everything, mortgage etc with Westpac, I find they are more helpful and it is a lot easier for us if everything is in one place

Full review

Because we have everything, mortgage etc with Westpac, I find they are more helpful and it is a lot easier for us if everything is in one place

    Value for money   9 / 10

    Policy coverage   9 / 10

    Customer service   10 / 10

    Claims handling   10 / 10

    Trust   10 / 10

Less

Julie (NSW), reviewed almost 2 years ago

Westpac

Westpac home insurance review

Overall rating   7 / 10

So far, so good.

Only been with westpac for a few months, but so far so good.

Full review

Only been with westpac for a few months, but so far so good.

    Value for money   7 / 10

    Policy coverage   7 / 10

    Customer service   7 / 10

    Claims handling   7 / 10

    Trust   5 / 10

Less

Shelley (QLD), reviewed almost 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.

Currently showing

Buildings

  • Up to $2,000

  • Up to $10,000

  • sum insured

Events

  • Up to 15 years old

Policy and service features

  • 60

  • Up to 30% of sum insured

  • 100

  • 15% online discount, over 50s, no claim bonus, security systems

  • Up to $20,000,000

Other cover

  • Up to $2,000

  • Up to 12 months or up to 10% of sum insured

  • 12 months, up to $5,000

  • Up to 10% of sum insured in total with demolition cost

  • Up to 10% of sum insured in total with removal of debris

Buildings

  • sum insured

Events

Policy and service features

  • 60

  • Up to 10% of sum insured

  • 100

  • 15% online discount, over 50s, no claim bonus, security systems

  • Up to $20,000,000

Other cover

  • Up to $10,000

  • Up to 10% of sum insured in total with demolition cost

  • Up to 10% of sum insured in total with removal of debris

Buildings

  • Up to $1,000

  • sum insured

Events

  • Up to 15 years old

Policy and service features

  • 60

  • Up to 20% of sum insured

  • 100

  • 15% online discount, over 50s, no claim bonus, security systems

  • Up to $20,000,000

Other cover

  • Up to $1,000

  • Up to 12 months or up to 10% of sum insured

  • 12 months, up to $5,000

  • Up to 10% of sum insured in total with demolition cost

  • Up to 10% of sum insured in total with removal of debris

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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