Bupa home insurance review

Bupa Health Members may want to consider taking out a Bupa Home Insurance policy – you can get up to 15% off.

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Our Verdict

  • It's good if you're a Bupa health member. You get between 10% and 15% off.
  • Unlike many home insurers, Bupa also lets you choose the level of cover you want: Ultimate, Comprehensive and Basic.
  • If you're not a Bupa health member, there's less reasons for you to take out cover. Its policies are issued by Hollard Insurance Company Pty Ltd, a popular underwriter in Australia.

What does Bupa home insurance cover?

Bupa offers the standard policy types: a combined home and contents insurance, contents insurance, and building insurance. After choosing your policy type, you can choose the level of cover your want – Ultimate, Comprehensive and Basic. On top of that, if you're a Bupa health member, you can save up to 15% on your policy.

Some main events covered by Bupa home insurance include:

Bupa home insurance is backed by Hollard Insurance Company Pty Ltd. It comes with a 14-day cooling off period which is standard among most insurers. This allows you to cancel your policy and receive a refund so long as you haven't made any claims.

Here's the rundown of a Bupa home insurance policy

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Standard features

These are some of the standard features that you can claim on with the Bupa Ultimate home insurance policy if an insured event causes damage or loss. Keep in mind that this is its top policy. Not all benefits are included in the Comprehensive or Basic covers.

  • Key and lock replacement
  • Accidental damage
  • Burning out of an electric motor
  • Alternative accomodation
  • Modifications to your buildings
  • Contents in transit
  • Debris removal and demolishing
  • Document damage
  • Funeral expenses
  • Legal Liability
  • Guests' or visitors' belongings

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Exclusions

Your Bupa home insurance claim will not be paid if a claim is made due to:

  • Settling, shrinkage or earth movement
  • Damages caused by erosion, rust, depreciation or wear and tear
  • Damages caused by rats, mice or insects
  • Damages caused by structural defects or faulty workmanship or design
  • Malicious damage, vandalism, theft or a deliberate or intentional act by a tenant (except if you have Landlords Insurance)
  • Mechanical or electrical breakdown (except electric motor burnout)
  • Water entering your building through an opening made for building, renovation or repair work
  • Damages caused by roots from trees or plants
  • Liability arising due to an injury to any member of your family or anyone who normally lives with you
  • Liability arising from any alterations, renovations or additions to your buildings that cost more than $50,000
  • Lawful destruction or confiscation of your property
  • Damages caused by mildew, atmospheric or climatic conditions
  • Deliberate or intentional act by you, or anyone acting for you
  • Damages caused by storm surge

Make sure you read Bupa's PDS for a full list of exclusions. Our general exclusions page also outlines more information about what home insurance doesn't usually cover.

Here's some information on Bupa 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.

Bupa has recently changed underwriters to the Hollard Insurance Company Pty Ltd. Most recent data compares complaints while still being underwritten by Insurance Australia Limited.

Here's an overview of how Bupa (Insurance Australia Limited) did:

  • Insurance Australia Limited is considered a very large insurer so it's normal to see a high volume of complaints. It did, however, excel in how many complaints were resolved directly with the customer (40.14%).
  • At 974 complaints for the financial year, Insurance Australia Limited received almost double that of QBE.

Frequently asked questions

Compare other products from Bupa

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Editor, Insurance

Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

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Gary Ross has written 644 Finder guides across topics including:
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  • Managing the cost of living

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