Virgin Money Insurance building insurance: what each policy covers, and who underwrites it
2 building policies from Virgin Money Insurance. 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 Zurich Australian Insurance Limited.
- Website
- virginmoney.com.au/insurance/home-insurance
- What it is
- Brand
- Listed on
- Houses and rental properties
- Underwriter
- Zurich Australian Insurance Limited
- APRA
- Authorised by APRA to write new general insurance (listed as Zurich Australian Insurance Limited)
- Sold by
- Honey Insurance Pty Ltd · AFSL 528244
Building policies
Virgin Money Household Insurance (home building)
- Type
- Home building · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included
- Accidental damage
- Optional extra
- Left empty
- Extra $1,500 excess after 60 days. You must tell the insurer. Also counts as unoccupied if someone stays less than one night a week on average during the 60 days.
- Who it is for
- Owner-occupiers who own and reside in the insured home, aged 18+.
- Documents
- Household Product Disclosure Statement (October 2026) (1 October 2026) · Key Facts Sheet - building (1 October 2026) · Target Market Determination (1 October 2026)
- Accidental damage is the optional 'Advanced cover' benefit (also covers motor burnout); it does not apply to a home that is rented out.
- Honey Insurance Pty Ltd administers the policy on behalf of the insurer, Zurich Australian Insurance Limited.
The policy
“The product is designed for people who want to be covered against financial loss caused by a range of incidents involving their home and/or their contents and are seeking an appropriate level of cover relevant to their personal circumstances.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-target-market-determination-household-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Virgin Money Household Insurance is distributed only through: • Virgin Money Insurance’s website virginmoney.com.au/insurance • Virgin Money Insurance's contact centre by calling 1300 862 860”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-target-market-determination-household-2610.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: insurance.virginmoney.com.au/documents/virginmoney-insurance-key-facts-sheet-building-household-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood Yes You're not covered for loss or damage to lawns or grass, swimming pools and spas and their covers and liners, the water in swimming pools and spas, shade or sail cloth and fabric awnings.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-key-facts-sheet-building-household-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“Optional Optional – We cover accidental damage to some items under the optional benefit of Advanced cover.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-key-facts-sheet-building-household-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“If your home is unoccupied for more than 60 days and suffers loss or damage from an insured event, then you need to pay a $1,500 excess for each claim you make.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-product-disclosure-statement-household-VMAHH-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“The product with Home Insurance Cover is designed for people who want to be covered against financial loss caused by an incident involving their home and are seeking an appropriate level of cover relevant to their personal circumstances.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-target-market-determination-household-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Virgin Money Landlord Insurance (building)
- Type
- Landlord · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included
- Accidental damage
- Not stated
- Left empty
- Extra $1,500 excess after 60 days. You must tell the insurer. Also counts as unoccupied if someone stays less than one night a week on average during the 60 days.
- Who it is for
- Owners of a residential rental property.
- Documents
- Landlord Product Disclosure Statement (October 2026) (1 October 2026) · Key Facts Sheet - building (1 October 2026) · Target Market Determination (1 October 2026)
- Landlord building cover includes accidental damage, malicious damage or theft by a tenant as an included benefit; accidental damage by others is not stated as covered or optional in the Key Facts Sheet.
The policy
“The product is designed for people who own a residential rental property and want to be covered against financial loss caused by a range of incidents involving their rental property and/or their contents (including certain risks associated with having a tenant) and are seeking an appropriate level of cover relevant to their circumstances as a landlord.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-target-market-determination-landlord-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Virgin Money Landlord Insurance is distributed only through: • Virgin Money Insurance’s website virginmoney.com.au/insurance • Virgin Money Insurance's contact centre by calling 1300 862 860”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-target-market-determination-landlord-2610.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: insurance.virginmoney.com.au/documents/virginmoney-insurance-key-facts-sheet-building-landlord-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“Flood Yes You're not covered for loss or damage to lawns or grass, swimming pools and spas and their covers and liners, the water in swimming pools and spas, shade or sail cloth and fabric awnings.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-key-facts-sheet-building-landlord-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“If your rental property is unoccupied for more than 60 days and suffers loss or damage from an insured event, then you need to pay a $1,500 excess for each claim you make.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-product-disclosure-statement-landlord-VMALL-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“The product is designed for people who own a residential rental property and want to be covered against financial loss caused by a range of incidents involving their rental property and/or their contents (including certain risks associated with having a tenant) and are seeking an appropriate level of cover relevant to their circumstances as a landlord.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-target-market-determination-landlord-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“The insurer is Zurich Australian Insurance Limited ABN 13 000 296 640 ("ZAIL", "we", "us", "our", or "insurer"), AFSL 232507.”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-product-disclosure-statement-household-VMAHH-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Who sells it
“Insurance administered by Honey Insurance Pty Ltd (ABN 52 643 672 628, AFSL 528244) on behalf of the product issuer, Zurich Australian Insurance Limited (ABN 13 000 296 640, AFSL 232507).”
Source: insurance.virginmoney.com.au/documents/virginmoney-insurance-product-disclosure-statement-household-VMAHH-2610.pdf · Confirmed on the insurer's page on 13 November 2026.
Zurich Australian Insurance Limited: licence
- AFS licence
- 232507 · ZURICH AUSTRALIAN INSURANCE LIMITED
- ABN
- 13000296640
- Licensed since
- 31 January 2004
- Principal business
- North Sydney NSW 2060
- 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
- 528244 · HONEY INSURANCE PTY LTD
- ABN
- 52643672628
- Licensed since
- 30 April 2021
- Principal business
- The Rocks NSW 2000
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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