IMB Bank building insurance: what each policy covers, and who underwrites it
2 building policies from IMB Bank. 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
- imb.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
- IMB (trading as IMB Bank) · AFSL 237391
Building policies
IMB Bank Home Insurance (home and contents policy, building cover)
- Type
- Home building · Residential
- Sold
- Not stated
- Building valued as
- Sum insured
- Flood
- Included, can be removed
- 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 at least two nights in a row.
- Documents
- Product Disclosure Statement (1 September 2024) · Key Facts Sheet - Home Building (1 September 2024)
- Flood cover is standard; it can be removed only on a renewing policy where Allianz has agreed the property meets eligibility criteria relating to flood risk.
- Accidental damage is an optional extra on building cover.
The policy
“The insurer of this Home and Contents Insurance is Allianz Australia Insurance Limited ABN 15 000 122 850, AFS Licence Number 234708”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1368FI102420251221/$FILE/POL1368FI.pdf?open · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“Under this policy you set the maximum level of cover and your payout is limited to that amount (Sum insured).”
Source: einsure.com.au/wb/public/openPolicyDocument/KFSALSimplifyHomeB4580924/$FILE/KFSALSimplifyHomeB458.pdf?open · Confirmed on the insurer's page on 13 November 2026.
Flood
“Included as standard subject to eligibility criteria. Optional if you don't have flood cover under your renewing policy and you meet specific eligibility criteria relating to the risk of flood at your property. We must also agree that you can opt out.”
Source: einsure.com.au/wb/public/openPolicyDocument/KFSALSimplifyHomeB4580924/$FILE/KFSALSimplifyHomeB458.pdf?open · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“What does it mean if I take the Accidental Damage cover option? This option can cover you against damage caused by sudden, unforeseen and unintended events”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1368FI102420251221/$FILE/POL1368FI.pdf?open · 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: einsure.com.au/wb/public/openPolicyDocument/POL1368FI102420251221/$FILE/POL1368FI.pdf?open · Confirmed on the insurer's page on 13 November 2026.
IMB Bank Landlord Insurance (building cover)
- Type
- Landlord · Residential
- Sold
- Not stated
- Building valued as
- Sum insured
- Flood
- Included, can be removed
- Accidental damage
- Not stated
- Left empty
- No cover after 60 days. You must tell the insurer. Unless the insurer agreed in writing beforehand (not unreasonably withheld). Lived in means tenants eating and sleeping there at least two nights in a row, so gaps between tenants count.
- Documents
- Landlord Insurance Product Disclosure Statement (1 September 2024) · Key Facts Sheet - Landlord Building (1 September 2024)
- Flood cover is standard; it can be removed only on a renewing policy where Allianz has agreed the property meets eligibility criteria relating to flood risk.
- Accidental damage for the landlord policy was not stated in the documents read, so it is left blank.
The policy
“The insurer of this Landlord Insurance is Allianz Australia Insurance Limited ABN 15 000 122 850, AFS Licence Number 234708”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1390FI102420251221/$FILE/POL1390FI.pdf?open · 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: einsure.com.au/wb/public/openPolicyDocument/KFSALSimplifyLandlordB4580924/$FILE/KFSALSimplifyLandlordB458.pdf?open · Confirmed on the insurer's page on 13 November 2026.
Flood
“Included as standard subject to eligibility criteria. Optional if you don't have flood cover under your renewing policy and you meet specific eligibility criteria relating to the risk of flood at your property. We must also agree that you can opt out.”
Source: einsure.com.au/wb/public/openPolicyDocument/KFSALSimplifyLandlordB4580924/$FILE/KFSALSimplifyLandlordB458.pdf?open · 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: einsure.com.au/wb/public/openPolicyDocument/POL1390FI102420251221/$FILE/POL1390FI.pdf?open · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“The insurer of this Home and Contents Insurance is Allianz Australia Insurance Limited ABN 15 000 122 850, AFS Licence Number 234708”
Source: einsure.com.au/wb/public/openPolicyDocument/POL1368FI102420251221/$FILE/POL1368FI.pdf?open · Confirmed on the insurer's page on 13 November 2026.
Who sells it
“IMB trading as IMB Bank ABN 92 087 651 974, AFSL/Australian Credit Licence No. 237 391 arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz).”
Source: imb.com.au/insurance · 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
- 237391 · IMB LTD
- ABN
- 92087651974
- Licensed since
- 1 December 2003
- Principal business
- Wollongong NSW 2500
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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