Bank of Queensland Home Insurance

BOQ protects your home with a fully featured policy and smart home sensors to help when you need it the most.

No reviews yet. Write a review
Cristal Dyer's headshot

By

Cristal Dyer

Updated

Fact checked

Key takeaways

  • BOQ Home Insurance offers a $250 smart home kit with an 8% annual premium saving for sensor use.
  • The policy includes a 30% sum insured safeguard, helping prevent underinsurance for rebuilding costs.
  • Compare policy features and exclusions carefully to ensure it meets your specific home insurance needs.

Our Verdict

  • Bank of Queensland covers the agreed sum insured plus up to 30% more to help with the costs of demolition and design fees - a real bonus if you're underinsured.
  • You get a smart home kit worth $250 when you sign up which includes sensors to notify you of accidents in the home. Plus you'll save 8% off your premiums if you continue to use them.
  • There are no big sign-up or loyalty bonuses on offer so it's important to compare to make sure you're getting value for money above all the smart offers.
Sorry! We currently don't have this brand on our panel. But don't fret, you can head to the Bank of Queensland Home Insurance website or compare a bunch of other home insurance companies with Finder.
Compare home insurance fast

What does Bank of Queensland Home Insurance cover?

One of Australia's biggest regional banks, Bank of Queensland (BOQ) also offers insurance products to protect your most valuable assets - your home and contents. BOQ has partnered with Honey Insurance to provide a simple sign-up process and smart tech integrated into your cover.

Some main events covered by Bank of Queensland Home Insurance include:

BOQ has policy options for homeowners, renters and landlords including building insurance, contents insurance and combined building and contents cover. All policies come with a basic excess which is the amount you need to pay whenever you make a home insurance claim. There is also a cooling-off period of 21 days so if you decide to cancel your policy within this timeframe, you can receive a full refund.

Here's the rundown of a Bank of Queensland Home Insurance policy

Standard features
Optional add-ons
Exclusions

Check icon

Standard features

These are some of the standard features that you can claim on if an insured event causes damage or loss.
  • Up to $20,000 of home office cover
  • Temporary accommodation for up to 12 months
  • New for old replacement
  • Sum insured safeguard of an additional 30%
  • Flood
  • Storm surge
  • Food spoilage
  • Home modifications after a serious injury
  • Key and lock replacement

plus icon

Optional add-ons

Bank of Queensland Home Insurance offers a few optional extras which you can add to your policy for an additional premium.
  • Accidental damage
  • Motor burnout
  • Mobile phones
  • Small business contents
  • Individual items at home
  • Individual or grouped items away from home

cross icon

Exclusions

Home insurance usually comes with a list of things that will not be covered, referred to as general exclusions. Here are a few exclusions from Bank of Queensland to be aware of:

  • Actions of the sea, such as erosion and king tides
  • Defective or faulty workmanship
  • Deliberate acts
  • Erosion and landslide
  • Pests and parasites
  • Roots and trees
  • Rust and mould
  • Wear and tear

For the full list, make sure you read the Product Disclosure Statement (PDS) on Bank of Queensland's website. You can also head to our general exclusions guide for more information on what to look out for.

This is the bottom line about Bank of Queensland

Bank of Queensland Home Insurance through Honey looks a little bit different to what you might be used to. Like any insurer, it doesn't want you to make a claim but the difference is it's helping you to protect your home. You get a smart home kit worth $250 when you sign up and this includes a set of smart sensors to monitor your home for fire, water leaks and theft. Keep these turned on and you'll save 8% off your premium every year.

Honey's insurance also features some nice extras that other providers don't offer, including a sum insured safeguard of up to 30% over and above your sum insured. This helps prevent you from being underinsured, a costly mistake if your home is completely destroyed. While there are no attractive sign-up bonuses on offer, you might find that Honey's policies are still an affordable option to consider.

If you're still not sure about this Bank of Queensland Home Insurance, you can compareother home insurance companies here.

Frequently asked questions

Leave a Bank of Queensland Home Insurance review

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

Compare other products from Bank of Queensland

Cristal Dyer's headshot
Written by

Writer
Add to Preferred Sources

Cristal Dyer is a travel writer at Finder. She has been writing about travel for over five years and has visited over 40 countries around the world. Cristal currently travels full-time, writing about her favourite cities and food finds, and she is always on the lookout for amazing flight deals to share. See full bio

More resources on Finder

Get rewarded $$ for switching with Finder Rewards

Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More guides on Finder

  • ALDI home insurance review

    ALDI offers home, contents and landlords insurance. Its policies have thorough coverage with generous benefit limits.
  • Defence Services home insurance review

    If you serve or have served, you are probably eligible for home insurance with the Defence Service Homes Insurance Scheme.
  • GIO home insurance review

    GIO home Insurance has one of the most comprehensive policies around, covering you for environmental upgrades, emergency accommodation + more.
  • RAC home insurance review

    If you live in WA, RAC home insurance could be good for you. It comes with lots of benefits and savings, including RAC membership.
  • CBA Home Insurance Review

    Compare features and benefits of CBA's home insurance policy. Discover if it's right for you with this handy guide.

  • NAB home insurance review

    A review of NAB's home and contents insurance policies. Find out how NAB can cover your house and possessions, giving you peace of mind and protection against the worst.

  • Budget Direct Home Insurance Review

    Here's a review of the home insurance products available from Budget Direct.
  • Suncorp home insurance review

    Compare the home insurance options available from Suncorp.

  • QBE Home Insurance Review

    Review and compare policy features here and determine if QBE has a policy that is right for you.

Go to site