Bank of Melbourne home insurance

What does Bank of Melbourne home insurance cover?

Bank of Melbourne home insurance offers cover for both homeowners, landlords and renters. You can choose from 3 policy types: building insurance, contents insurance, and combined home and contents insurance.

Some main events covered by Bank of Melbourne home insurance include:

Bank of Melbourne home insurance is issued by Allianz Australia Insurance Limited, which is one of the largest insurance companies in Australia. It offers customers the choice of excess amount, and has a below-average cooling off period of 14 days – the industry standard is 21 days.

Here's the rundown of a Bank of Melbourne home insurance policy

Here's some information on Bank of Melbourne home insurance complaints

We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July 2020 and June 2021. The data breaks down different underwriters and compares their business size to the number of complaints processed.

When comparing insurers, keep in mind that insurers with a larger market share serve more customers, so can potentially get more complaints.

Here's an overview of how Bank of Melbourne (Allianz Australia Insurance Limited) did:

• Allianz is considered a very large general insurer which means it's normal to see a relatively large volume of complaints.
• This is the same case with Hollard and QBE, however, you can see that Allianz has a lower percentage of complaints that were resolved at the first stage of the complaints process.

This is the bottom line about Bank of Melbourne

Bank of Melbourne home insurance is a well-rounded policy with some essentials like flood cover included as standard. If you do need additional cover, there's a variety of optional add-ons you can choose from. While not as impressive as some providers, its new policy discount and combined cover discount can help you save on your premium.

Still not sure? You can compare and review home insurance brands side-by-side to make sure you end up with a policy you're happy with.

Why you can trust Finder's home insurance experts


We're free
You pay the same as buying directly from the home insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.

We're experts
We've researched and rated dozens of policies as part of our Finder Awards. We provide unique insights and our in-house experts regularly appear on Sunrise, 7News and SBS News.

We're independent
Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of home insurance brands, making it easier for you to find a good deal.

We're here to help
Since 2014, we've helped 150,000+ people find home insurance by explaining your cover options simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

Frequently asked questions

• How do I make a claim with Bank of Melbourne?

  If something happens to your home or contents, the claims process with Bank of Melbourne is designed to be as quick and easy as possible. All you have to do is follow a few simple steps:

  • Advise the police. You should immediately advise the police if anything has been stolen, if your home has been broken into, or if there has been any malicious damage. You also must not allow anyone to repair the property until the insurer has had a chance to inspect it.
  • Submit your claim. You can submit a claim by phoning the insurer or filling out an online form with details of the incident leading to your claim. Alternatively, you can print out and complete a paper claim form and then submit it along with your supporting documentation.
  • Provide important information. You will be sent a letter to confirm your claim and case number, as well as details of any further information or documents you need to provide.

• Does Bank of Melbourne home insurance cover flood?

  Yes, flood is automatically included as an insured event. This is a highlight of a Bank of Melbourne policy since flood cover is usually an optional extra with other brands. Exclusions do apply to the cover, so make sure to review them when making your decision.

• Does it cost more to pay by the month?

  No, there is no additional charge if you choose to pay by the month.

• Am I covered for accidental loss or damage?

  This type of cover is available as an optional add-on to your Bank of Melbourne home insurance policy.

Leave a Bank of Melbourne home insurance review

If you've held, or currently hold, a Bank of Melbourne home insurance policy, we'd love to hear from you. Your reviews help other Australians decide if Bank of Melbourne is right for them. Some reviews are from a survey commissioned by Finder.