It is important that you understand the details of the estimate provided to you. Please ensure that you read the below information in conjunction with the estimate provided and the relevant Product Disclosure Statement.
This estimate is indicative only and is not binding on the insurer. It is intended to give you a general indication of the cost of insurance only.
The estimate has been prepared based on the limited information provided in your loan application and a set of assumptions listed below which may or may not be appropriate or accurate for your circumstances.
No cover has been arranged and this is not an offer of cover. If Allianz agrees to enter into a policy with you, the premium may vary significantly from this premium estimate.
This non-binding premium estimate does not include cover for flood. Flood cover is optional and is subject to eligibility and payment of additional premium. If you are eligible for flood cover, it will be offered when you apply for cover.
You will need to confirm the information you have provided and provide more information if necessary (please also note your Duty of Disclosure set out in the Product Disclosure Statement).
Based on when you apply or what you tell us, the insurer may offer cover on different terms to those in this estimate or decline your application.
You should read and consider the relevant Product Disclosure Statement for details of the standard terms, conditions, exclusions and limitations of cover before deciding whether to purchase this insurance.
The Building sum insured has been estimated at 66% of the estimated value of your property or a nominated value provided by you during our provision of credit assistance to you. You should consider whether the building sum insured is sufficient for your needs.
The Contents Sum insured has been based on the information provided by you during our provision of credit assistance to you.
Where no value for household contents has been provided by you the Sum insured has been based on Allianz’s minimum Sum Insured which may or may not be suitable for your needs.
You are responsible for determining your required sums insured prior to purchasing cover.
If you do not have sufficient cover, you may be underinsured and may have to bear part of any loss you are not covered for yourself.
Allianz’s Home Building and Contents Calculator may assist you in estimating the replacement cost of your home and contents. These are available at www.allianz.com.au.
Your insurance estimate includes a number of assumptions, here are the assumptions we’ve made:
If you have any questions or would like to discuss your insurance estimate, please contact Allianz Insurance on 1300 491 283 to speak with an Insurance Specialist.