Border Bank and Allianz

Keeping you protected

when you need it the most

You’ve worked hard for your home, so you’ll want to make sure it’s protected. That’s where Allianz may be able to help.

Why choose Allianz home insurance through Border Bank

Allianz home insurance includes a range of features and benefits designed to give you peace of mind. Whether you are looking for cover for specified insured events, or more comprehensive accidental loss or damage cover, we may be able to help.

Online Discount

Up to 10% discount when you buy online1,2

Save with a No Claim Bonus

Up to 30% No Claim Bonus1,4

Flexible

Option to pay by the month at no extra cost3

Dedicated claims support 24/7

24/7 claims lodgement service

Protection

Protection for fraudulent use of lost or stolen credit cards with contents cover

New for old replacement, regardless of age

New for old replacement, where Allianz agrees to replace your items

Combined Discount

Up to 10% discount if you buy both buildings and contents covers on the one policy1

Choice of home insurance products

  • Vital Home Insurance
  • Protection in the event your home is broken into or damaged by specified insured events such as storm, fire or earthquake.
  • Classic Home Insurance
  • This product includes everything from Vital Home Insurance plus some higher policy limits and additional features and benefits such as cover for fusion of household electric motors (motor burnout) and up to twice the limit of legal liability compared with Vital Home Insurance.
  • Prestige Home Insurance
  • This product provides cover for accidental loss or damage to your buildings and/or contents (unless stated otherwise in the policy). It also includes some additional benefits such as legal defence costs, cover for contents in transit if you are moving house and offers up to twice the limit of legal liability compared with Vital Home Insurance.

Home insurance comparison table

Covers loss or damage due to:

Vital Home Insurance Classic Home Insurance Prestige Home Insurance

Accidental breakage (of glass)

Earthquake and tsunami

Explosion

Fire or smoke

Flood (optional, subject to eligibility)

Impact damage

Lightning or thunderbolt

Malicious acts

Riot or civil commotion

Storm, rainwater or run-off

Theft, burglary or housebreaking

Water or other liquid damage

Accidental loss or  damage unless specifically excluded (Flood cover is optional, subject to eligibility)

Other Features and Benefits included as standard:

Vital Home Insurance Classic Home Insurance Prestige Home Insurance
Legal liability cover Up to $10,000,000 Up to $20,000,000 Up to $20,000,000
Fusion (burnout of electric motors) N Motors up to 10 years old Motors up to 12 years old
Credit cards – cover for fraudulent use or lost or stolen cards Up to $2,500 Up to $5,000 Up to $5,000
Guests’, visitors’ and domestic helpers’ property Up to $5,000 Up to $5,000 Up to $5,000
Spoilage of refrigerated / freezer food N Up to $500 Up to contents sum insured

However, if the event causing the spoilage of perishable food is declared a natural disaster by the government or the Insurance Council of Australia, the maximum we will pay under this benefit is $500.

Compensation for fracture N Up to $1,000 for all fractures arising from the same accident, max $3,000 per period of insurance Up to $1,000 for all fractures arising from the same accident, max $3,000 per period of insurance
Temporary removal of contents from your risk address Up to 20% of contents sum insured with sub-limits for listed contents:

  • while kept inside where you are temporarily residing; or
  • anywhere else in Australia or NZ but excluding theft.
  • Up to 20% of contents sum insured with sub-limits for listed contents, while kept inside where you are temporarily residing; or
  • Up to $7,500 for contents anywhere else in Australia or NZ.

MORE

Vital Home Insurance Classic Home Insurance Prestige Home Insurance
Landscaping N Up to $2,000 Up to $5,000
Tax audit N Up to $5,000 Up to $5,000
Legal defence costs N N Up to $5,000
Transit to your new place of residence N N Y
Veterinary costs Up to $500 Up to $500 Up to $500
Replacement of locks or cylinders Up to $1,000 Up to $1,000 Up to $2,000
Security firm attendance Up to $500 Up to $500 Up to $500
Contents in the open air at the risk address

(Sub-limits apply for selected contents based on events causing loss/damage – see PDS for details)

Y Y Y
Emergency storage of contents Y Y Y
Vital Home Insurance Classic Home Insurance Prestige Home Insurance
Automatic indexation of sums insured Y Y Y
Compensation for death – $10,000 Y Y Y
Contents in a safe deposit box at a bank (excludes cover for theft) Up to $250 for money, cheques and other negotiable instruments; or up to 20% of contents sum insured for all other contents
Sub-limits apply for selected contents
Up to $500 for money, cheques and other negotiable instruments; or up to 20% of contents sum insured for all other contents

Sub-limits apply for selected contents

Up to $1,000 for money, cheques and other negotiable instruments; or up to 20% of contents sum insured for all other contents

Sub-limits apply for selected contents

Environmental benefits when rebuilding after a total loss – up to $5,000 Y Y Y
Mortgage discharge costs – up to $5,000 Y Y Y
Modifications to buildings for paraplegia or quadriplegia – up to $10,000 Y Y Y
Title deeds – up to $2,000 Y Y Y

OPTIONAL EXTRAS

An additional premium applies. Vital Home Insurance Classic Home Insurance Prestige Home Insurance
Unspecified Personal Effects cover – accidental loss or damage cover for portable contents items:

– anywhere in Australia; and

– for up to 35 days overseas

Available only in conjunction with contents cover.

Covers any of the following contents items up to the ‘per item’ and ‘per claim’ limits you select:

a. travellers’ suitcases and bags, handbags, briefcases, wallets and purses (but not the contents of these items);

b. clothing;

c. jewellery, watches or items containing silver or gold;

d. cosmetics and toiletries;

e. clocks;

f. sporting equipment (but not watercraft, camping equipment or motor or trail bikes);

g. musical instruments;

h. photographic or video equipment;

i. binoculars or telescopes;

j. writing instruments;

k. spectacles and sunglasses;

l. personal audio and video equipment and up to four cassettes or discs (DVD, CD or Mini Discs) used with the equipment; and

m. pocket calculators and personal organisers (but not portable or handheld computers).

Some exclusions:

·        No cover is provided for any item used for business, trade or professional purposes.

·        We will not pay for damage to glass (other than lenses) or other brittle or fragile substances (other than jewellery) unless caused by fire or theft.

Specified Personal Effects cover – accidental loss or damage cover for portable contents items:

– anywhere in Australia; and

– for up to 35 days overseas

Available only in conjunction with contents cover.

Can cover:

a.       portable contents items included under Unspecified Personal Effects if their replacement value exceeds the maximum limits offered under Unspecified Personal Effects;

b.       portable contents items which are not included in the list of items coverable under Unspecified Personal Effects (e.g. mobile phones, laptops, tablets, high value jewellery items).

We will not pay for damage to glass (other than lenses) or other brittle or fragile substances (other than jewellery) unless caused by fire or theft.

Domestic Workers’ Compensation cover – Only available in the ACT, WA and TAS.

Covers the amount you are liable to pay if you employ a domestic worker such as a gardener or cleaner, and they are injured while working for you.

This is a summary only. For the standard terms, conditions, limits and exclusions of cover, please refer to the Vital Home Insurance, Classic Home Insurance and Prestige Home Insurance Product Disclosure Statements (PDS).

To review the Key Facts Sheets available for our home buildings and/or contents covers click here.
To review the Key Facts Sheets available for our landlord buildings and/or contents covers click here.

Terms & Conditions

Border Bank is a division of Police Bank Ltd ABN 95 087 650 799. AFSL/Australian Credit Licence No. 240018 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. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from www.borderbank.com/insurance . If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services.

1 Minimum premiums may apply. Any discounts/entitlements may be subject to rounding and only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements. Discounts may not be applied to the premium charged for optional covers such as flood (where applicable).

2 Any online discounts offered are applied to our standard rates (excluding optional covers) and are for the first year’s premium only (unless stated otherwise). Other discounts may apply to insurance purchased via other methods.

3 Premiums payable by installments may be subject to minor adjustments (upwards or downwards) due to rounding and financial institution transaction fees may apply.

4 To qualify for the maximum No Claim Bonus of 30%, customers must have had no home or contents insurance claims in the preceding five years. However, customers who have had up to two claims may still qualify for reduced No Claim Bonus.

5 The optional Personal Effects cover is only available in conjunction with contents cover.