Compare Building Insurance
Your CGU Building Insurance covers both the dwelling you live in, plus any other buildings on your property – like sheds and garages. You’ve got three options for your Building Insurance. With each, you’re guaranteed to love CGU’s attentive, quick service whenever you have questions or need to make a claim.
Enjoy ultimate peace of mind with CGU's highest level of cover for your home. As well as cover for events like flood, fire and damage from break-ins, Premium will cover you for almost any type of accidental damage.
Get exceptional value for money with Quality cover, and know that you’re covered for a very wide range of natural disasters, weather events, damage from break-ins and more.
FundamentalsBasic has you covered for floods, fires, break-ins and more. You’ll be pleasantly surprised at just how much cover you get!
Building Insurance FAQs
What is Building Insurance?
When you take out Buildings Insurance, you’re taking out cover for both the home you own, including your garage, shed and other structures on your property.
How much you’re covered for depends on a few things. You choose the sum insured (we’re here to help), and then you can choose from three levels of cover – Premium – Accidental Damage Cover, Quality – Listed Events or Basic – Fundamentals.
To really wrap your head around what’s covered with our Buildings Insurance, you should take a look at each Product Disclosure Statement (PDS):
How much does Building Insurance cost?
Homes come in all shapes and sizes, right? This can determine the amount of insurance you pay; Home insurance for a large house in a suburb known for break-ins will cost more than a cottage in a quiet town.
When we calculate your home insurance premium, we look at a whole range of factors – from the materials used to build your home to its location. We even consider whether you’ve got an alarm system or not.
The best way to answer this question is to complete a quick quote.
What isn’t covered by Building Insurance?
This depends on the type of policy you’ve taken out. Each of our Buildings Insurance policies comes with a Product Disclosure Statement (PDS), which lists out all the exclusions to your cover.
In short, you’re not covered for any foreseeable event or for general wear and tear (for example, your home deteriorating over time due to age).
We encourage you to read your PDS to see the full list of what is and isn’t covered:
Is Building Insurance best for me?
If you are not concerned about covering the contents of your home – which includes things like carpet and curtains, as well as valuable items like jewellery and electronic equipment – then Building Insurance is the way to go. With Building Insurance, we’ll only pay for the cost of fixing the actual house if it’s damaged – not the stuff inside.
Say, for example, your home is flooded. Not only do you need to repair or replace some of the walls (part of the building) but you will also need to repair or replace carpets, furniture and valuable items (all considered contents).
Please read through these Product Disclosure Statements (PDSs) to get a better idea of whether Building Insurance is right for you:
Understanding your Building Insurance quote
Whether you’re insuring your building, your contents or both, the higher the sum you choose to insure then the higher your premium will be.
Some areas are more prone to burglary or damage than others. CGU calculates the probability of an event occurring in your area and applies it to your premium.
The higher your excess (which is the amount you pay when you make a claim), the lower your premium will be. This is entirely up to you.
Level of security
If your home has a premium alarm system and plenty of locks and bolts, it’s less likely to get burgled, right? We consider this when calculating your premium.
How the house is built
Some building materials are more prone to damage or are more expensive to replace than others.
It’s the little things that make our Buildings Insurance better
Need help choosing the right insurance?
We’re here to help you work out which home insurance policy is right for you. Our friendly CGU insurance specialists can answer all your questions, or you can turn to an insurance adviser for help in assessing your risk and working out the right cover for your needs.
Product Disclosure Statement
Before you decide which level of Buildings & Contents cover is right for you, we recommend you read the Product Disclosure Statement (PDS). In each PDS, you’ll learn everything you need to know about what’s covered and what’s not. Go on, make yourself a cuppa and have a read.Premium – Accidental Damage PDS
Quality – Listed Events PDS
Basic – Fundamentals PDS
Home Building Key Fact Sheet
Home Contents Key Fact Sheet
Whenever you need us, we’re right here
CGU Flood Cover
CGU includes automatic flood cover as a policy feature on Home and Landlords insurance. This ensures that all customers are covered for damage caused by water giving you peace of mind when water damage occurs. With an increase in recent years of severe weather events it protects our customers and enables CGU to offer quick flood claim resolutions.CGU Flood Cover additional information
Need to make an insurance claim?
Step 1. Call 13 24 80 with your policy number and any other information about the incident handy.
Step 2. We’ll kick off the claims process, and keep you informed every step of the way.Visit the Claims hub