Allianz building insurance: what each policy covers, and who underwrites it
6 building policies from Allianz. For each: how the building is valued, whether flood and accidental damage are covered, and what happens once the building is left empty, with the sentence from its own documents. Underwritten by Allianz Australia Insurance Limited.
- Website
- allianz.com.au/
- What it is
- Insurer
- Listed on
- Houses and rental properties, Business premises and property owners, Factories, warehouses and large property (ISR)
- Underwriter
- Allianz Australia Insurance Limited
- APRA
- Authorised by APRA to write new general insurance (listed as Allianz Australia Insurance Limited)
Building policies
Allianz Home Insurance
- Type
- Home building · Residential
- Sold
- Direct
- Building valued as
- Sum insured, + 30% option
- Flood
- Included
- Accidental damage
- Optional extra
- Left empty
- No cover after 60 days. You must tell the insurer. Unless Allianz agreed in writing beforehand (not unreasonably withheld); a $1,000 unoccupancy excess then applies. Lived in means someone eating and sleeping there two consecutive nights.
- Who it is for
- Owner-occupiers of a house (not strata units); buildings cover.
- Documents
- Allianz Home Insurance PDS (purchased from 20 July 2025) · Key Facts Sheet - Home Building (16 December 2024) · Home Building and Home Contents Insurance TMD (20 July 2025)
- Rebuild safety net is an optional benefit that pays up to an additional 30% of the buildings sum insured once the sum insured is exceeded.
- 72-hour exclusion period applies to flood and cyclone on new policies or increased cover (not on renewals).
- Older Allianz policies (purchased before 20 July 2025) have different PDS versions; flood was optional on policies starting before 14 January 2025.
The policy
“Allianz Australia Insurance Limited, ABN 15 000 122 850 AFS Licence No. 234708 is the issuer of Allianz Home Insurance.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1418DIR042520250720/$FILE/POL1418DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Products under this TMD are distributed online through the Insurer’s website and/or by calling our contact centre.”
Source: einsure.com.au/wb/public/openPolicyDocument/TMDHLHBC1050725/$FILE/TMDHL_HBC105.pdf · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“What’s optional? Accidental damage cover Motor burnout Portable contents cover Rebuild safety net”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1418DIR042520250720/$FILE/POL1418DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood Yes Not covered for loss or damage caused by flood or flood water combined with runoff and/or rainwater, if such loss or damage occurs within 72 hours after you first take out or increase the cover under the policy.”
Source: einsure.com.au/wb/public/openPolicyDocument/KFSDIHomeITMPB00112241224/$FILE/KFSDIHomeITMPB0011224.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“Optional cover for accidental damage under your Home Building Insurance.”
Source: allianz.com.au/home-insurance/accidental-damage.html · Confirmed on the insurer's page on 13 November 2026.
Left empty
“Loss, damage or theft was caused or contributed to, by your buildings not being lived in for any period in excess of 60 consecutive days, unless you have our prior agreement in writing.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1418DIR042520250720/$FILE/POL1418DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty: the extra excess
“Each time you make a claim while your property is unoccupied for the agreed period unless your policy states otherwise. This excess applies in addition to any other excess. This excess is $1,000”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1418DIR042520250720/$FILE/POL1418DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Persons that own and occupy their home buildings that want cover against:”
Source: einsure.com.au/wb/public/openPolicyDocument/TMDHLHBC1050725/$FILE/TMDHL_HBC105.pdf · Confirmed on the insurer's page on 13 November 2026.
Allianz Landlord Insurance
- Type
- Landlord · Residential
- Sold
- Direct
- Building valued as
- Sum insured, + 30% option
- Flood
- Included
- Accidental damage
- Not stated
- Left empty
- No cover after 60 days. You must tell the insurer. Unless Allianz agreed in writing beforehand (not unreasonably withheld); a $1,000 unoccupancy excess then applies. No separate allowance for the gap between tenants.
- Who it is for
- Owners of residential buildings rented to a residential tenant.
- Documents
- Allianz Landlord Insurance PDS (purchased from 20 July 2025) · Key Facts Sheet - Landlord Building · Landlord Insurance TMD (20 July 2025)
- Rebuild safety net is an optional benefit that pays up to an additional 30% of the buildings sum insured once the sum insured is exceeded.
- Optional rent default by tenant cover.
- The landlord PDS lists no optional accidental damage cover for buildings.
The policy
“Allianz Australia Insurance Limited, ABN 15 000 122 850 AFS Licence No. 234708 is the issuer of Allianz Landlord Insurance.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1419DIR042520250720/$FILE/POL1419DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Products under this TMD are distributed online through the Insurer’s website and/or by calling our contact centre.”
Source: einsure.com.au/wb/public/openPolicyDocument/TMDHLLLP1060725/$FILE/TMDHL_LLP106.pdf · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“What’s optional? Motor burnout Rebuild safety net Rent default by tenant”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1419DIR042520250720/$FILE/POL1419DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood Yes Not covered for loss or damage caused by flood or flood water combined with runoff and/or rainwater, if such loss or damage occurs within 72 hours after you first take out or increase the cover under the policy.”
Source: einsure.com.au/wb/public/openPolicyDocument/KFSDILandlordITMPB00112241224/$FILE/KFSDILandlordITMPB0011224.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“Loss, damage or theft was caused or contributed to, by your buildings not being lived in for any period in excess of 60 consecutive days, unless you have our prior agreement in writing.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1419DIR042520250720/$FILE/POL1419DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty: the extra excess
“Each time you make a claim while your property is unoccupied for the agreed occupancy period. This excess applies in addition to any other excess. This excess is $1,000.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1419DIR042520250720/$FILE/POL1419DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Persons that own residential buildings that they rent out to a residential tenant that want cover against:”
Source: einsure.com.au/wb/public/openPolicyDocument/TMDHLLLP1060725/$FILE/TMDHL_LLP106.pdf · Confirmed on the insurer's page on 13 November 2026.
Allianz Business Insurance Pack
- Type
- Business property · Commercial
- Sold
- Direct
- Flood
- Optional extra
- Accidental damage
- Included
- Left empty
- No cover after 60 days (a few events excepted). Still covered: lightning, earthquake, subterranean fire, impact by vehicles, animals, trees, aircraft, falling masts or buildings. Unoccupied means left vacant even if contents remain. Unless Allianz agreed in writing (extra premium may apply); cover resumes when occupied again.
- Who it is for
- Small and medium businesses; acceptance criteria apply to each cover based on the business and the risks insured. Commercial Property insures business premises, contents and stock; Business Interruption, Theft, Money and Electronic Equipment sections need Commercial Property.
- Documents
- Allianz Business Insurance Pack PDS (policies effective from 14 June 2026), POL1013 (14 June 2026)
- The policy does not automatically provide flood cover; flood is an optional benefit under the Commercial Property section, shown on the Schedule where Allianz agrees to provide it.
- Some covers are only available if Commercial Property is also bought.
- Phone quotes (1300 131 000) are needed for some Business Interruption options; some covers can be bought online.
- No separate TMD for this pack was found on Allianz's TMD page (only commercial motor TMDs are listed under Business).
The policy
“Add any of the following to your Business Insurance Pack: Commercial Vehicle, General Property, Commercial Property, Business Interruption, Glass and more.”
Source: allianz.com.au/business-insurance/business-pack.html · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Note: Public Liability Insurance is automatically included when you quote online. For a quote without Public Liability cover, contact our specialist Business team on 1300 131 000.”
Source: allianz.com.au/business-insurance/business-pack.html · Confirmed on the insurer's page on 13 November 2026.
Flood
“There is an option to apply for cover for Flood under the Commercial Property Section.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1013BASBD042620260614/$FILE/POL1013BA_SBD.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“This Section covers You for Property Insured that is accidentally Damaged at the Situation during the Period of Insurance which is not otherwise excluded”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1013BASBD042620260614/$FILE/POL1013BA_SBD.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“the Policy does not provide any cover at a Building after the Building has been Unoccupied for more than 60 consecutive days.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1013BASBD042620260614/$FILE/POL1013BA_SBD.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“These eligibility criteria are subject to change from time to time and We will advise You of any criteria that may apply at the time of Your application.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1013BASBD042620260614/$FILE/POL1013BA_SBD.pdf · Confirmed on the insurer's page on 13 November 2026.
Allianz Office Pack
- Type
- Office pack · Commercial
- Sold
- Not stated
- Flood
- Optional extra
- Accidental damage
- Included
- Left empty
- No cover after 60 days (a few events excepted). Still covered: lightning, earthquake, subterranean fire, impact by vehicles, animals, trees, aircraft, falling masts or buildings. Unoccupied means left vacant even if contents remain. Unless Allianz agreed in writing (extra premium may apply); cover resumes when occupied again.
- Documents
- Allianz Office Pack PDS (policies effective from 14 June 2026), POL963 (14 June 2026)
- Office Pack appears only on Allianz's policy documents page; no marketing page or sales channel was found, so channel is unknown.
- Material Damage covers Property Insured shown on the Schedule; the PDS defines Building and Contents, but whether buildings can be insured as an owner was not checked.
The policy
“The insurer of this product is Allianz Australia Insurance Limited ABN 15 000 122 850 (Allianz) AFS Licence No. 234708”
Source: einsure.com.au/wb/public/openPolicyDocument/POL963BAFI042620260614/$FILE/POL963BA_FI.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“There is an option to apply for cover for Flood under the Material Damage Section and the Business Interruption Section.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL963BAFI042620260614/$FILE/POL963BA_FI.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“This Section covers You for Property Insured that is Accidentally Damaged at the Situation during the Period of Insurance which is not otherwise excluded”
Source: einsure.com.au/wb/public/openPolicyDocument/POL963BAFI042620260614/$FILE/POL963BA_FI.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“the Policy does not provide any cover at a Building after the Building has been Unoccupied for more than 60 consecutive days.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL963BAFI042620260614/$FILE/POL963BA_FI.pdf · Confirmed on the insurer's page on 13 November 2026.
Allianz Industrial Special Risks Mark V
- Type
- Industrial special risks (ISR) · Industrial
- Sold
- Through a broker
- Left empty
- No cover after 30 days. You must tell the insurer. Unless the insurer was notified and agreed to extend cover.
- Documents
- Industrial Special Risks Mark V Policy Document (POL566 1025) (3 October 2025)
- Policy document only; no public minimum sum insured or occupation list.
- Flood is a defined term and appears in the Section 1 'circumstances where cover is excluded' list (clause 6.2.3), subject to provisos; not recorded as included or optional.
The policy
“Welcome and thank You for choosing the Allianz Industrial Special Risk Mark V Policy.”
Source: allianz.com.au/openCurrentPolicyDocument/POL566BA/$File/POL566BA.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“For all enquiries please talk to your broker”
Source: allianz.com.au/openCurrentPolicyDocument/POL566BA/$File/POL566BA.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“any premises being Property Insured or containing any Property Insured having become unoccupied and remaining unoccupied for a continuous period in excess of thirty (30) days unless the Insurer shall have been notified and shall have agreed to extend cover.”
Source: allianz.com.au/openCurrentPolicyDocument/POL566BA/$File/POL566BA.pdf · Confirmed on the insurer's page on 13 November 2026.
Allianz Industrial Special Risks Mark IV
- Type
- Industrial special risks (ISR) · Industrial
- Sold
- Through a broker
- Left empty
- No cover after 30 days. You must tell the insurer. Insurer not liable for loss caused or contributed to by it, unless notified and agreed in writing (extra premium may apply).
- Documents
- Industrial Special Risks Mark IV Policy Document (POL565 1025) (13 October 2025)
- Both Mark IV and Mark V wordings are currently published (both dated October 2025).
The policy
“Welcome and thank You for choosing the Allianz Industrial Special Risk Mark IV Policy.”
Source: allianz.com.au/openCurrentPolicyDocument/POL565BA/$File/POL565BA.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“For all enquiries please talk to your broker”
Source: allianz.com.au/openCurrentPolicyDocument/POL565BA/$File/POL565BA.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“(c) whereby any premises containing any property insured hereunder shall become unoccupied, and so remain for a period of more than thirty days; or”
Source: allianz.com.au/openCurrentPolicyDocument/POL565BA/$File/POL565BA.pdf · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Allianz Australia Insurance Limited, ABN 15 000 122 850 AFS Licence No. 234708 is the issuer of Allianz Home Insurance.”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1418DIR042520250720/$FILE/POL1418DIR.pdf · Confirmed on the insurer's page on 13 November 2026.
Allianz Australia Insurance Limited: licence
- AFS licence
- 234708 · ALLIANZ AUSTRALIA INSURANCE LIMITED
- ABN
- 15000122850
- Licensed since
- 5 January 2004
- Principal business
- Sydney NSW 2000
- General insurance
- Licensed to deal in general insurance products
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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