7. What benefits should I seek out when choosing a Home and Contents insurer?
Benefits, which could be important to you include:
- Choice of optional covers
- Flexible excess option - alter your premium by adjusting your excess
- Monthly payment option
- No forms to fill in ever, including application and claim forms
- 21 day money back guarantee if you cancel your policy and have not made a claim
8. What are some of the factors which contribute to why I have a different Home and Contents Insurance premium to my friends or neighbours?
Home and Contents Insurance premiums are calculated based on the level of 'risk' the insurance underwriters associate with you and your home and/or contents. So simple factors that differentiate you and someone else contribute to the perception of 'risk'.
Risk is affected by the location of the home, what materials the home is constructed from, the security devices installed at the home, and how the home is occupied. For example, not all insurers treat each suburb the same. The frequency of claims is also considered carefully.
Our underwriting allows us to offer competitive rates.
9. What happens if I don't tell Budget Direct about my past claims when I am asked?
This is called non-disclosure and affects an insurer's ability to accurately assess your risk or calculate the correct premium. It can lead to a claim being paid only in part, or not paid at all and/or your policy being cancelled.
