NAB building insurance: what each policy covers, and who underwrites it
2 building policies from NAB. 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
- nab.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
- National Australia Bank Limited · AFSL 230686
Building policies
NAB Home and Contents Insurance (building cover)
- Type
- Home building · Residential
- Sold
- Direct
- 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
- Home and Contents Insurance PDS and Policy Document (1 October 2024) · Key Fact Sheet (Buildings) (1 October 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.
The policy
“Get award-winning cover and support in minutes with NAB Home and Contents Insurance, issued by Allianz.”
Source: nab.com.au/personal/insurance/home-and-contents-insurance · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“NAB is authorised to arrange for the issue of this insurance by Allianz, as its agent, not yours.”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-contents-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.”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-contents-insurance-building.pdf · 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: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-contents-insurance-building.pdf · 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 optional cover can provide even more cover – it covers you against damage caused by sudden, unforeseen and unintended events”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-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: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-contents-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
NAB 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 PDS and Policy Document (1 October 2024) · Landlord Key Fact Sheet (Buildings)
The policy
“NAB Landlord Insurance Product Disclosure Statement and Policy Document Preparation Date: 01.10.2024 Issuer Allianz Australia Insurance Limited (referred to as Allianz) ABN 15 000 122 850 AFSL No. 234708”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/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.”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/landlord-insurance-building.pdf · 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: nab.com.au/content/dam/nab/documents/pds/insurance/landlord-insurance-building.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: nab.com.au/content/dam/nab/documents/pds/insurance/landlord-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Issuer Allianz Australia Insurance Limited (referred to as Allianz) ABN 15 000 122 850 AFSL No. 234708”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-contents-insurance-pds.pdf · Confirmed on the insurer's page on 13 November 2026.
Who sells it
“National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 (referred to as NAB) has entered into a distribution arrangement with the Insurer Allianz.”
Source: nab.com.au/content/dam/nab/documents/pds/insurance/home-and-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
- 230686 · NATIONAL AUSTRALIA BANK LIMITED
- ABN
- 12004044937
- Licensed since
- 1 December 2003
- Principal business
- Melbourne VIC 3000
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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