Shannons building insurance: what each policy covers, and who underwrites it
1 building policy from Shannons. 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 AAI Limited.
- Website
- shannons.com.au/
- What it is
- Brand
- Listed on
- Houses and rental properties
- Underwriter
- AAI Limited
- APRA
- Authorised by APRA to write new general insurance (listed as AAI Limited)
- Sold by
- Shannons Pty Limited · authorised representative no. 239594
Building policies
Shannons Home & Contents Insurance with Enthusiast Cover (home building cover)
- Type
- Home building · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included
- Accidental damage
- Optional extra
- Left empty
- Some events not covered after 60 days. Still covered: storm, storm surge, flood, lightning, earthquake and tsunami, riot, impact. You must tell the insurer. Unless you had written consent and paid any extra premium. Occupied means furnished to live in, someone eating and sleeping there, and utilities connected.
- Who it is for
- Owner-occupied homes for genuine motoring enthusiasts; not for properties rented to tenants or strata/body corporate buildings.
- Documents
- Home & Contents Insurance with Enthusiast Cover Product Disclosure Statement (prepared 17 February 2025) (17 February 2025) · Key Facts Sheet - Home Building (17 February 2025) · Target Market Determination - Home and Contents Insurance (27 June 2025)
- Accidental loss or damage cover is an optional extra and the PDS says it is not available when you lease your home under a rental agreement.
- Sum insured basis; no Safety Net-style buffer found in the PDS.
The policy
“Shannons can protect your home as well as your car with Home & Contents policies tailored to the motoring enthusiast.”
Source: shannons.com.au/home-insurance.html · Not found on the insurer's page on 13 November 2026: the insurer may have changed it, and this is being re-read.
How it is sold
“Home and Contents Insurance Shannons can protect your home as well as your car with Home & Contents policies tailored to the motoring enthusiast. Get a quote”
Source: shannons.com.au/home-insurance.html · Not found on the insurer's page on 13 November 2026: the insurer may have changed it, and this is being re-read.
How the building is valued
“Shannons will rebuild, replace or repair new for old regardless of age, or we will pay the assessed cost of doing so, up to the sum insured.”
Source: shannons.com.au/home-insurance.html · Not found on the insurer's page on 13 November 2026: the insurer may have changed it, and this is being re-read.
Flood
“Shannons Home & Contents Insurance includes automatic flood cover.”
Source: shannons.com.au/home-insurance.html · Not found on the insurer's page on 13 November 2026: the insurer may have changed it, and this is being re-read.
Accidental damage
“you can ask us to add accidental loss or damage cover to your policy for an extra premium.”
Source: shannons.com.au/home-insurance.html · Not found on the insurer's page on 13 November 2026: the insurer may have changed it, and this is being re-read.
Left empty
“We don’t cover loss or damage if your home or unit hasn’t been occupied for 60 continuous days or more at the time of the insured event.”
Source: shannons.com.au/content/dam/suncorp/insurance/shannons/documents/policy-documents/home/shannons-home-contents-pds-sh02906-210625a.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Shannons products are also targeted at customers who qualify as genuine motoring enthusiasts.”
Source: shannons.com.au/content/dam/suncorp/insurance/shannons/documents/policy-documents/home/shannons-home-and-contents-insurance-tmd-lr-sh03318-27-06-25-a.pdf · The page could not be loaded on 13 November 2026; last confirmed when this was written.
Who underwrites and sells it
Underwriter
“Shannons Pty Limited ABN 91 099 692 636 (Shannons) is an authorised representative of AAI Limited ABN 48 005 297 807 (AAI), the issuer of car and home and contents insurance.”
Source: shannons.com.au/home-insurance.html · Not found on the insurer's page on 13 November 2026: the insurer may have changed it, and this is being re-read.
Who sells it
“Shannons Pty Limited ABN 91 099 692 636, authorised representative No. 239594, acts as an authorised representative of AAI.”
Source: shannons.com.au/content/dam/suncorp/insurance/shannons/documents/policy-documents/home/shannons-home-and-contents-insurance-tmd-lr-sh03318-27-06-25-a.pdf · The page could not be loaded on 13 November 2026; last confirmed when this was written.
AAI Limited: licence
- AFS licence
- 230859 · AAI LIMITED
- ABN
- 48005297807
- Licensed since
- 8 November 2003
- Principal business
- Brisbane QLD 4000
- 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.
Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. What each policy covers and who underwrites it are read from each insurer's own documents by hand and re-checked daily, so a change can take a day to appear, and the policy wording you are issued is what applies to you. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.