WFI building insurance: what each policy covers, and who underwrites it
3 building policies from WFI. 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 CGU Australia Pty Ltd.
- Website
- wfi.com.au/
- What it is
- Brand
- Listed on
- Houses and rental properties
- Underwriter
- CGU Australia Pty Ltd
- APRA
- Authorised by APRA to write new general insurance (listed as CGU Australia Pty Ltd)
Building policies
WFI Private Plan - Classic Home (buildings)
- Type
- Home building · Residential
- Sold
- Direct
- Levels of cover
- Classic Home, Standard Home
- Building valued as
- Sum insured plus a buffer
- Flood
- Included, can be removed
- Accidental damage
- Included
- Left empty
- No cover after 90 days. You must tell the insurer. Unless you tell WFI before the 90 days begin, it agrees to keep insuring you, and all gates, doors and windows are kept locked.
- Who it is for
- Private residential buildings (free standing house, townhouse, villa, duplex, semi-detached or terrace) that are not under a registered body corporate; primary residence, holiday home, or occasional short-term rental subject to acceptance criteria.
- Documents
- WFI Private Plan Product Disclosure Statement (PDS prepared 29 February 2024, with SPDS) (29 February 2024) · Key Facts Sheet - Classic Buildings (1 October 2025) · Target Market Determination TMDPP001 (1 October 2025)
- Flood is included unless the customer chooses to opt out; the web page says 'Flood is included up to the sum insured of the building and contents unless the choice to opt out of Flood cover has been taken'.
- Quote is a request for a call back from a WFI area manager or client service team, not an instant online price.
- Safety-net percentage for buildings was not stated in the Key Facts Sheet.
The policy
“Home owners can choose from either the Classic Home policy or the Standard Home policy.”
Source: wfi.com.au/personal-insurance/home · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“This product is designed to be distributed by us or our distributors by any of the following means, where authorised: – Online through relevant websites – By contacting a branch or contact centre – In person (e.g. branch, agency or premises visit)”
Source: iag.com.au/tmd/TMDPP001 · 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 the insurer may provide you with some agreed extra cover above that amount (Sum insured plus safety net).”
Source: wfi.com.au/documents/home/home-building-classic/kfs · Confirmed on the insurer's page on 13 November 2026.
Flood
“Excludes damage by flood if you have chosen not to have flood cover.”
Source: wfi.com.au/documents/home/home-building-classic/kfs · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“This policy insures You against Accidental damage, burglary and theft occurring during the Period of Insurance.”
Source: wfi.com.au/documents/personal/private-plan/pds · Confirmed on the insurer's page on 13 November 2026.
Left empty
“This policy does not provide any insurance if at the time the loss or damage occurs, Your Home is unoccupied and has been so unoccupied for at least 90 consecutive days before the loss or damage unless:”
Source: wfi.com.au/documents/personal/private-plan/pds · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Providing cover for a private residential building, including the fixtures and fittings, such as a: • Free standing house • Townhouse, villa or duplex • Semi-detached house or terrace”
Source: iag.com.au/tmd/TMDPP001 · Confirmed on the insurer's page on 13 November 2026.
WFI Private Plan - Standard Home (buildings)
- Type
- Home building · Residential
- Sold
- Direct
- Levels of cover
- Classic Home, Standard Home
- Building valued as
- Sum insured plus a buffer
- Flood
- Included, can be removed
- Accidental damage
- Not stated
- Left empty
- No cover after 90 days. You must tell the insurer. Unless you tell WFI before the 90 days begin, it agrees to keep insuring you, and all gates, doors and windows are kept locked.
- Who it is for
- Private residential buildings (free standing house, townhouse, villa, duplex, semi-detached or terrace) that are not under a registered body corporate; primary residence, holiday home, or occasional short-term rental subject to acceptance criteria.
- Documents
- WFI Private Plan Product Disclosure Statement (PDS prepared 29 February 2024, with SPDS) (29 February 2024) · Key Facts Sheet - Standard Buildings (1 October 2025) · Target Market Determination TMDPP001 (1 October 2025)
- Flood is included unless the customer chooses to opt out; the web page says 'Flood is included up to the sum insured of the building and contents unless the choice to opt out of Flood cover has been taken'.
- Quote is a request for a call back from a WFI area manager or client service team, not an instant online price.
- Safety-net percentage for buildings was not stated in the Key Facts Sheet.
- Standard Home covers a list of defined events (fire, lightning, burglary, theft, storm); the Key Facts Sheet shows only accidental breakage of fixed glass and fixtures, so general accidental damage is recorded as null.
The policy
“Home owners can choose from either the Classic Home policy or the Standard Home policy.”
Source: wfi.com.au/personal-insurance/home · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“This product is designed to be distributed by us or our distributors by any of the following means, where authorised: – Online through relevant websites – By contacting a branch or contact centre – In person (e.g. branch, agency or premises visit)”
Source: iag.com.au/tmd/TMDPP001 · 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 the insurer may provide you with some agreed extra cover above that amount (Sum insured plus safety net).”
Source: wfi.com.au/documents/home/building-standard/kfs · Confirmed on the insurer's page on 13 November 2026.
Flood
“Excludes damage by flood if you have chosen not to have flood cover.”
Source: wfi.com.au/documents/home/building-standard/kfs · Confirmed on the insurer's page on 13 November 2026.
Left empty
“This policy does not provide any insurance if at the time the loss or damage occurs, Your Home is unoccupied and has been so unoccupied for at least 90 consecutive days before the loss or damage unless:”
Source: wfi.com.au/documents/personal/private-plan/pds · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Providing cover for a private residential building, including the fixtures and fittings, such as a: • Free standing house • Townhouse, villa or duplex • Semi-detached house or terrace”
Source: iag.com.au/tmd/TMDPP001 · Confirmed on the insurer's page on 13 November 2026.
WFI Landlord Plan - Landlord building and contents policy (buildings)
- Type
- Landlord · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included, can be removed
- Accidental damage
- Optional extra
- Left empty
- No cover after 90 days. You must tell the insurer. Unless you tell WFI before the 90 days begin, it agrees to keep insuring you, and all gates, doors and windows are kept locked.
- Who it is for
- Private residential buildings (free standing house, townhouse, villa, duplex, semi-detached or terrace) rented out to tenants; buildings under a registered body corporate are not eligible.
- Documents
- WFI Landlord Plan Product Disclosure Statement (prepared 29 February 2024; SPDS 1 October 2025 changes insurer to CGU Australia Pty Ltd) (29 February 2024) · Target Market Determination TMDLBC002 (1 October 2025)
- Customer chooses defined events cover or accidental damage cover for the building.
- Flood cover can be removed by the customer.
- Optional benefits include tenant damage, tenant rent default and loss of rent.
The policy
“WFI Landlord Plan consists of three different policies offering a range of optional benefits.”
Source: wfi.com.au/personal-insurance/landlord · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“This product is designed to be distributed by us or our distributors through the following means, where authorised: – Online through relevant websites – By contacting a branch or contact centre – In person (e.g. branch, agency, or premises visit)”
Source: iag.com.au/tmd/TMDLBC002 · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“The maximum amount We pay is the sum insured or other limit of insurance cover inclusive of any relevant GST component.”
Source: wfi.com.au/documents/personal/landlord/pds · Confirmed on the insurer's page on 13 November 2026.
Flood
“The Landlord building and contents policy in this Plan provides cover for damage caused by Flood unless You choose to remove Flood cover from it.”
Source: wfi.com.au/documents/personal/landlord/pds · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“You can choose to insure against events such as fire, storm, theft and vandalism, or against accidental damage.”
Source: wfi.com.au/personal-insurance/landlord · Confirmed on the insurer's page on 13 November 2026.
Left empty
“This policy does not insure You if at the time the loss or damage occurs the Domestic Building is unoccupied and has been so unoccupied for at least 90 consecutive days before the loss or damage, unless You:”
Source: wfi.com.au/documents/personal/landlord/pds · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Providing cover for a private residential building, including the fixtures and fittings, such as a: • Free standing house • Townhouse, villa or duplex • Semi-detached house or terrace”
Source: iag.com.au/tmd/TMDLBC002 · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Insurance issued by CGU Australia Pty Ltd ABN 62 004 478 960 AFSL 700014 trading as WFI.”
Source: wfi.com.au/personal-insurance/home · Confirmed on the insurer's page on 13 November 2026.
CGU Australia Pty Ltd: licence
- AFS licence
- 700014 · CGU AUSTRALIA PTY LTD
- ABN
- 62004478960
- Licensed since
- 9 May 2025
- Principal business
- Melbourne VIC 3000
- 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.