Home and Contents Insurance
Cover your home and belongings for storms, floods, fire, theft and more.
What’s Home and Contents Insurance?
Bank of Melbourne Home and Contents Insurance, provided by Allianz, covers your home's physical structures and fixtures including your garage, fences and paved driveways. It also covers the items at your home like furniture, appliances and clothing.
Why Bank of Melbourne?
One less step
Sort out your insurance and banking together.
Flexible payment options
No extra cost to pay by the month so you can better manage your budget.2
All in one place
See your insurance policies next to your bank accounts in the App.1
Comprehensive cover
Insure your home and contents for storm damage, floods and bushfires.*
Award winning value
Bank of Melbourne has been recognised with the 2024 Canstar Outstanding Value Home & Contents and Home Insurance awards.
Cover for the big and small events
- Flood
- Fire or smoke inc. bushfires
- Lightning
- Storm, cyclone, rainwater or run-off
- Impact damage
- Riot or civil commotion
- Earthquake or Tsunami
- Theft or burglary
- Water or liquid damage
- Explosion
- Vandalism or malicious damage
- Accidental breakage of glass or ceramic items
Affected by severe weather?
If you’re a Bank of Melbourne Home Insurance customer impacted by severe weather and need help with a claim, call the specialist Bank of Melbourne team at Allianz on 1300 020 266 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, emergency contents storage, and professional fees if you need to rebuild.
Boost your cover with optional extras
For an additional premium, you can add Portable Contents and 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.^
Help me choose
Use our cover selector to help you find the insurance that’s right for you.
Home Building calculator
Estimate the cost to rebuild your house.
Home Contents calculator
Estimate the cost to replace the contents in your home.
The details on what’s covered
Some of the key things you should know about your cover.
For full details of the terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS) (PDF 991KB) (PDF 995KB), and the Home Building and Home Contents Key Fact Sheets (KFS) before making a decision to purchase the insurance.
Frequently asked questions
Are there any 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 Home and Contents 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 little things don’t become a bigger issue down the track. For example, if a storm caused water damage to your ceiling because your roof was not properly maintained, your claim may be declined or reduced.
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.
Can I cover my portable items such as laptops, tablets and mobile phones?
Yes. If you’d like to be covered when you’re using your laptops, tablets, mobile phones, smart watches, or other wearable devices outside your home, you can list them as portable contents under the Portable Contents cover option, for an additional cost. Portable Contents does not cover cracked glass or screens when this is the only damage to the item.
What if I rent out my home?
A Home and Contents 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 property 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.
The Detail
*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 Bank of Melbourne accounts. Only primary policyholders can see policies alongside their other Bank of Melbourne 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). Bank of Melbourne – 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 1800 825 866.
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.bankofmelbourne.com.au/tmd for the target market determination.
By selecting 'Get a quote' you will enter a third party site hosted by Allianz. Any personal information you provide to Allianz’s hosted site will be collected, used and disclosed in accordance with Allianz’s Privacy Statement and Privacy Policy.
Bank of Melbourne's Privacy Statement is available at bankofmelbourne.com.au/privacy/privacy-statement or by calling 13 22 66. It covers:
- How you can access the personal information Bank of Melbourne holds about you and ask for it to be corrected;
- How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by Bank of Melbourne and how Bank of Melbourne will deal with your complaint; and
- How Bank of Melbourne collect, hold, use and disclose your personal information in more detail.