‘Flood’ means the covering of normally dry land by water that has escaped or been released from the normal confines of a lake, dam, river etc. We do not cover loss or damage to retaining walls, sea walls, garden borders and free standing outdoor walls. Please check the PDS for more information on what constitutes a ‘flood’.
Building Insurance
Cover your building, including permanent fixtures and fittings, from a range of damaging events with Home Building Insurance.
Current offer
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First Year Online Discount*
OVERVIEW
What does Building Insurance cover?
Building Insurance covers the structure of your property. It includes cover for garages and sheds, as well as permanently attached fixtures and fittings, such as solar panels, fences and gates. A Home Building Insurance policy can provide cover for damage caused by events such as flood, storm, storm surge, fire (including bushfire), and more.
What's covered?
FOR A COMPLETE LIST SEE SECTION 3 ‘THINGS WE DON’T COVER’ IN THE PDS
10% MULTI-POLICY DISCOUNT*^
You'll be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. View T&Cs
LEVELS OF COVER
Compare Building Insurance options
OPTIONAL COVER
Depending on the level of cover you choose these may be automatically included with your policy, or available to add on to your policy for an additional cost.
NEWGIO Home Assist (Home cover only)
Add optional GIO Home Assist to your Home or Home and Contents Insurance policy if GIO Home Assist is available at your insured address, to help support you after a home emergency — that is, a sudden and unforeseen incident that occurs to your home (but not your contents) and requires urgent attention from a plumber, electrician, locksmith, and/or carpenter. After a home emergency, we’ll send a tradesperson (for a period of up to 2 hours) to help ensure your home is safe and secure, and to help minimise further damage. GIO Home Assist provides 3 emergency call-outs during the period of insurance.
Limits and exclusions apply, please refer to the PDS and read the GIO Home Assist T&Cs.
NEWExcess-Free Glass cover (Home cover only)
This option will apply in addition to the additional cover ‘Accidental breakage of glass’ which is included in home cover and provides cover for accidental breakage of:
- fixed glass in windows, doors, skylights, shower screens
- mirrors fixed to your home.
When you have this option and the claim is only for the accidental breakage of fixed glass mentioned above, we cover the cost to replace it without you having to pay an excess, if the breakage is the only damage you are claiming.
Accidental Damage at the Home
Included with Classic Extras and Platinum. Available as an optional cover that you can pay extra for with Classic.
Cover for your home and/or contents in the event of accidental loss (e.g. losing something) or damage (e.g. breaking or damaging something) — for example, scorching a bench top or a painting accidentally falling off the wall.
CALCULATOR
How much is your building worth?
Building Insurance Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.
Not sure how much to insure your home for? The replacement cost of your home may vary depending on your home’s design, features, fixtures and fittings. Estimate the cost of replacing your home building now with our handy Building Insurance Calculator and help set your sum insured with confidence.
WHY GIO
Reasons to choose GIO
24/7 Claims
Claim at any time online or over the phone. You can also track the progress of your claim online.
Lifetime repair guarantee
We offer a dedicated 24/7 claims service and a lifetime guarantee on authorised building repairs.
Est. in 1927
We’ve been a trusted insurer for over 95 years
WAYS TO SAVE
Discounts we offer and things to check
10% multi-policy discount*^
You'll be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. View T&Cs.
15% Home and Contents combined discount^
Save 15% on your policy when you combine your home insurance and your contents insurance into one policy with us.
10% online discount*
Get 10% Off Your First Year When You Buy Online!*
Your excess
You can choose to lower your premium by increasing your excess within a range we set. This means your premium will be cheaper, but you’ll face higher out-of-pocket costs in the event of a claim. It’s up to you to decide on a balance that suits your needs.
Payment frequency
If you pay your premiums annually, you’ll pay less than if you were to pay in monthly instalments for the same period.
Your property details
Double-check the property details listed on your policy. Things like the building materials and room sizes, which affect your premium. If there’s something that doesn’t seem completely accurate, or if you’ve made some changes or improvements, fixing that up may alter your premium. This may mean an increase or a decrease, but your policy will be accurate.
FAQs
People also ask
We provide cover for carpets under GIO Contents Insurance, but not GIO Home Building Insurance.
Safety net home protection – included in GIO Classic Extras and GIO Platinum home covers – provides a further percentage of the home sum insured toward the cost of repairing or rebuilding your home if the costs exceed your sum insured.
If you are renovating your home or unit, we will not cover any loss or damage to, or caused by, connected with or arising from those building extensions, alterations or renovations (other than the cover available under ‘Legal Liability’) including:
- damage caused by cracking, collapse, subsidence caused fully or partially by the construction work;
- damage caused by storm, flood or water entering the home through openings in the walls or roof or other parts of the home under construction, whether or not they are temporarily covered at the time of the damage;
- damage caused by storm or flood to any part of the home that is not fully built or is undergoing extensions, alterations or renovations;
- theft or damage by someone who enters or leaves through an unlockable part of the home that is under construction;
- damage caused by a malicious act or vandalism to unfinished parts of the home.
Our Home and Contents Insurance policies do not cover new buildings during construction.
Please contact us if you’re commencing building works or renovations at your home, including demolition.
No, GIO Home and Contents Insurance does not cover loss or damage caused by insects, vermin, or rodents – including termites.
Important information
*If you’re eligible for more than one discount, we apply them in a pre-set order to the discounted premium, before government taxes and charges.
^Discount not applicable to GIO Roadside Assist, GIO Home Assist, Excess-free Glass or Domestic Workers Compensation optional covers.
#Market value option is available to new policies purchased on or after 5th August 2021 or renewing policies on or after 8th September 2021.
Flood
‘Flood’ means the covering of normally dry land by water that has escaped or been released from the normal confines of a lake, dam, river etc. We do not cover loss or damage to retaining walls, sea walls, garden borders and free standing outdoor walls. Please check the PDS for more information on what constitutes a ‘flood’.
Building Insurance Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.