Bank of Melbourne building insurance: what each policy covers, and who underwrites it
2 building policies from Bank of Melbourne. 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
- bankofmelbourne.com.au/
- What it is
- Brand
- Listed on
- Houses and rental properties
- Underwriter
- Allianz Australia Insurance Limited
- APRA
- Authorised by APRA to write new general insurance (listed as Allianz Australia Insurance Limited)
- Sold by
- Westpac Banking Corporation (Bank of Melbourne, a division) · AFSL 233714
Building policies
Bank of Melbourne Home Insurance (home and contents policy, building cover)
- Type
- Home building · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included
- Accidental damage
- Optional extra
- Left empty
- No cover after 60 days. You must tell the insurer. Unless the insurer agreed in writing beforehand (not unreasonably withheld). Lived in means someone eating and sleeping there two consecutive nights.
- Documents
- Home & Contents Insurance Product Disclosure Statement (21 November 2021) · Key Facts Sheet - Home Building (1 September 2021)
- Flood is an insured event, with a 72-hour wait after you first take out or increase cover.
- Accidental damage is an optional extra.
The policy
“Compare Bank of Melbourne's award-winning Home Insurance, provided by Allianz.”
Source: bankofmelbourne.com.au/personal/insurance/home-insurance · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Tailor your cover and get a quote in minutes, with pre-filled details to make it even easier when you sign in.”
Source: bankofmelbourne.com.au/personal/insurance/home-insurance · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“Under this policy you set the maximum level of cover and your payout is limited to that amount (Sum insured).”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-home-building-kfs.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood What’s covered? What’s not covered? Buildings and/or contents ✔ Loss or damage caused by: • flood* • flood water*, combined with run-off and rainwater.”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-home-contents-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“Optional covers You can also upgrade your policy to include cover for: Accidental damage”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-home-contents-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“Loss, damage or theft if the buildings have not or will not be lived in for any period in excess of 60 consecutive days, unless you have our prior agreement in writing.”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-home-contents-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Bank of Melbourne Landlord Insurance (building cover)
- Type
- Landlord · Residential
- Sold
- Not stated
- Building valued as
- Sum insured
- Flood
- Included
- Accidental damage
- Not stated
- Left empty
- No cover after 60 days. You must tell the insurer. Unless the insurer agreed in writing beforehand. Landlord: lived in means tenants eating and sleeping there; applies if you knew or should have known.
- Documents
- Landlord Insurance Product Disclosure Statement (21 November 2021) · Key Facts Sheet - Landlord Building (1 September 2021)
The policy
“Landlord Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz).”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-landlord-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“Under this policy you set the maximum level of cover and your payout is limited to that amount (Sum insured).”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-landlord-building-kfs.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood What’s covered? What’s not covered? Buildings and/or contents ✔ Loss or damage caused by: • flood* • flood water*, combined with run-off and rainwater.”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-landlord-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“Loss, damage or theft if the buildings have not or will not be lived in for any period in excess of 60 consecutive days, unless you have our prior agreement in writing.”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-landlord-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Home & Contents Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz).”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-home-contents-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Who sells it
“Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 arranges the insurance, but does not guarantee the insurance.”
Source: bankofmelbourne.com.au/content/dam/bom/downloads/personal/insurance/bom-home-contents-insurance-pds.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.
Distributor's licence
- AFS licence
- 233714 · WESTPAC BANKING CORPORATION
- ABN
- 33007457141
- Licensed since
- 9 February 2004
- Principal business
- Sydney NSW 2000
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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