Building and contents insurance
Pay monthly, no problem
You won't be charged more to split payments over the year – your annual premium is simply divided by 12.
New for old contents replacement
Which means if your saggy old sofa is damaged in a fire or flood, you'll get a new one.*
Flood cover
Enjoy added peace of mind knowing that cover for floods is included as a policy feature.*
24/7 claims
You can make a claim under your insurance any time of the day or night.
What's covered?
- Residential buildings
- Garages and sheds
- Infrastructure for services
- In-built swimming pools and spas
- Money
- Jewellery
- Furniture and whitegoods
- Computers and software
Choose the right cover for your home
Accidental Damage
This is the highest level of cover offered through BCU Bank. As well as cover for events like fire, theft, and flood, you'll also have cover for a range of other types of accidental loss or damage.
- Accidental damage or accidental loss
- Accidental breakage
Windows, mirrors, glassware, and more - Valuable items
Up to $7,500 or 20% of your sum insured, whichever is greater (maximum limits per item apply)
Jewellery, mobile phones, tablets, laptops, cameras & photography equipment, and more - Optional additional valuables cover
Worldwide cover for up to 90 consecutive days (an excess of $250 will apply to claims under this option) - Vet expenses if your pet is injured in a road accident
Up to $500 - Credit and transaction card misuse
Up to $5,000 - Replacing keys and recoding of locks and barrels
Reasonable costs
Listed Events
Mid-level, quality cover for your home and contents – to help protect you from a wide range of events, including natural disasters, weather events, break-ins and more.
- Accidental damage or accidental loss
- Accidental breakage
Windows, mirrors, glassware, and more - Valuable items
Up to $5,000 or 20% of your sum insured, whichever is greater (maximum limits per item apply)
Jewellery, mobile phones, tablets, laptops, cameras & photography equipment, and more - Optional additional valuables cover
Worldwide cover for up to 90 consecutive days (an excess of $250 will apply to claims under this option) - Vet expenses if your pet is injured in a road accident
Up to $500 - Credit and transaction card misuse
Up to $5,000 - Replacing keys and recoding of locks and barrels
Up to $1,000
Fundamentals
A basic level of cover that provides an economical option while still helping to protect your home from floods, fires, break-ins and more.
- Accidental damage or accidental loss
- Accidental breakage
Windows, mirrors, glassware, and more - Valuable items
Up to $2,000 in total (maximum limits per item apply)
Jewellery, mobile phones, tablets, laptops, cameras & photography equipment, and more - Optional additional valuables cover
- Vet expenses if your pet is injured in a road accident
- Credit and transaction card misuse
Up to $1,000 - Replacing keys and recoding of locks and barrels
Up to $1,000
This is only a summary, please refer to the Product Disclosure Statement (PDS) for more information on what is and isn’t covered.
Do you know how much your home and contents are worth?
Avoid the possibility of under-insuring your building or contents and make sure you have appropriate cover for your important possessions.
Home building value calculator
Home contents value calculator
Got a question about home insurance?
The items and events your home insurance policy covers does depend on the level of home insurance you purchase.
Home insurance may protect your building, or other buildings on your property, in the event of accidental damage, loss caused by fire or theft, and storm damage.
You can choose to include contents insurance in your policy to help protect your belongings - such as electronics, furniture, money, carpets, and jewellery.
Some home insurance policies also include liability cover. This means that if there is an insured incident that causes loss or damage to someone else’s property, or death or bodily injury to other people, your legal liability will be covered.
You can find out full cover details in Home Insurance PDS.
You can use our building insurance value calculator to estimate the value of your home for insurance purposes.
The calculator takes into account location, property details, features and more.
If you’re applying for a home loan with BCU Bank, we may state a minimum amount that the property should be insured for, based off its valuation.
Use our building insurance calculator.
The Cordell Sum Sure calculator takes the answers you input (or confirm, as applicable) and analyses them against construction industry data collated by CoreLogic to generate an estimated rebuild cost of the improvements on your property. Use of the Cordell Sum Sure calculator and any estimated rebuild cost provided by it may not be appropriate for you and you will need to assess the suitability of this estimate given your knowledge of your property. A number of qualifications apply to the estimated rebuild cost, which are set out in the full set of terms and conditions accepted by you prior to your use of the Cordell Sum Sure Calculator.
It's easy to underestimate just how much stuff you actually own, and how much it's worth when thinking about insuring your home contents. That's where our home contents value calculator can help.
By answering a few simple questions about your property, the calculator will provide an estimate based on a typical home of your size, in your suburb, furnished similarly to yours. From there you can add to or edit your contents list to refine your contents value.
Use contents insurance calculator.
The Cordell Sum Sure calculator takes the answers you input (or confirm, as applicable) and analyses them against construction industry data collated by CoreLogic to generate an estimated rebuild cost of the improvements on your property. Use of the Cordell Sum Sure calculator and any estimated rebuild cost provided by it may not be appropriate for you and you will need to assess the suitability of this estimate given your knowledge of your property. A number of qualifications apply to the estimated rebuild cost, which are set out in the full set of terms and conditions accepted by you prior to your use of the Cordell Sum Sure Calculator.
You'll receive your insurance policy renewal via your preferred method (email or post) a few weeks before your policy is due to expire. Please make sure your contact details are up-to-date and advise us of any changes to your personal circumstances or the insured asset, as this may require changes to your policy.
If you're making monthly or quarterly direct debit payments on your policy, and are happy with your policy renewal information, you don't need to do anything. Your policy will automatically renew at the new premium amount advised. If you pay annually, you'll need to arrange payment of the premium amount quoted.
If you would like to speak to someone about your policy renewal, or make changes to your policy, please call us on 1300 228 228 and one of the team will be happy to help.
Important information
*Underwriting criteria, policy terms, conditions, limits and exclusions apply. Please see the Product Disclosure Statement for full details.
Police & Nurses Limited (BCU Bank) ABN 69 087 651 876 AFSL 240701 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited trading as CGU Insurance ABN 11 000 016 722, AFSL 227681. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement and Target Market Determinations (TMDs).