Choose your cover
You can get home building or home contents cover separately, or combine them.
Home & Contents Insurance
Protect your most valuable asset and your belongings by combining home building and home contents insurance.
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Building Insurance
Covers the loss of, or damage to, your home building due to events like storms, fire and theft, including the costs of repairs or rebuilding and temporary accommodation.
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Contents Insurance
Covers the loss of, or damage to, your home contents due to events like storms, fire and theft, including new-for-old replacement of items that can’t be repaired.
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Landlords and renters
Budget Direct home building and contents insurance is not only for homeowners, but landlords and renters too.
Landlord Insurance
Covers the loss of, or damage to, your investment property and any contents you provide for your tenant’s use; and loss of rental income while your property is uninhabitable.
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Renters Insurance
Covers the loss of, or damage to, the household goods and personal effects you own or are legally responsible for.
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Insured events
Budget Direct home and contents insurance policies cover your house and personal possessions against loss or damage caused by the following insured events:
- Storm and rainwater
- Fire
- Lightning
- Theft (or attempted theft)
- Escape of liquid (e.g. burst pipe)
- Impact at home (e.g. fallen tree)
- Earthquake
- Malicious damage, vandalism, riot or civil commotion
- Explosion
- Accidental breakage of glass, ceramic and sanitary fixtures
Upgrade your cover
You can customise your home and contents insurance policies by adding one or more of the following optional covers:
You can add these covers when you buy your policies or – if you’re an existing customer – by logging into your online account
Terms, conditions, limits and exclusions apply. Please read the product disclosure statement for full details.
How much cover do I need?
It’s up to you to determine how much it would cost to replace your home building and home contents if they were totally destroyed, for example, by fire – the ‘sums insured’.
These are the maximum amounts we’ll pay, so it’s important you’re comfortable the amounts you nominate are sufficient to replace your home and contents at today’s prices.
Get a quote online and save up to 30%^
Getting a Budget Direct home insurance quote takes just a few minutes.
| Get a quote online and you’ll receive the following discount | |
|---|---|
| Building insurance | 15% |
| Contents insurance | 15% |
| Combined home and contents insurance | 30% |
Compare home insurance savings
Compared to their previous insurers premiums, customers across Australia who switched to Budget Direct home insurance told us they saved an average of
$###†
Use our Comparitron™ tool to compare home insurance savings against other insurers.
Award-winning Australian home insurance
Winner of Money magazine’s Insurer of the Year award 2018, Best of the Best award for Cheapest Home & Contents Insurance in 2018 as well as Mozo’s 2017 People’s Choice Award in two home-insurance categories: Outstanding Customer Satisfaction; and Excellent Customer Experience.
Find out more
The information on this page is a summary only. For more details about Budget Direct home and contents insurance, including the terms, conditions, limits and exclusions that apply, please read the product disclosure statement (PDS)
How to make a claim
If your home building and/or contents are lost, damaged or destroyed by an insured event and you need to claim, we’re here to help. Make a claim on your home insurance policy.
Frequently asked questions
What’s covered under a ‘home building’ policy’?
Among other things, a home-building policy covers:
- your residential building, including garages
- other structures like your garden shed and fences
- domestic fixtures – items permanently attached to your home or buildings (e.g. built-in wardrobes, air conditioner, kitchen cupboards, dishwasher, fixed floor coverings (except carpets), awnings, in-ground swimming pool)
- permanent structural improvements (e.g. a home extension).
What’s covered under a ‘home contents’ policy’?
Among other things, a home-contents policy covers:
- furniture and furnishings
- computers and electrical appliances
- kitchenware
- clothing and shoes
- personal effects like jewellery, sunglasses and cameras (if you want your portable items to be insured when you take them with you away from your home, you’ll need to get extra Personal Effects Cover.
- fixed carpets and rugs
- internal blinds, curtains and window coverings.
Is my home covered for floods?
Your home will be covered for floods if you take out optional Flood Cover, which insures your home building and contents for loss or damage caused by flooding rivers, creeks, lakes, dams and other bodies of water.
You can add Flood Cover to your home building and contents insurance policies when you buy your insurance; or – if you’re an existing customer – by logging into your online account or contacting us.
Are valuables I take with me away from my home, like jewellery, covered?
Budget Direct home contents insurance covers the following portable items:
- bicycles
- clothing
- jewellery/watches
- musical instruments
- photographic equipment
- sporting equipment.
These items are automatically covered if they are lost or damaged while inside your home – subject to any limits that apply.
If you want these items to also be insured when you take them with you away from your home, you’ll need to add optional Personal Effects Cover to your policy; you can choose one or both of two cover types:
Unspecified Personal Effects: Your portable items are not specified, or listed separately, on your policy. The most we’ll pay per item is $1,000. You are required to nominate a total cover amount for a group of items damaged or lost in any one insured event: $1,000, $2,000, $3,000, $4,000, or $5,000.
Specified Personal Effects: Your portable items are specified, or listed separately, on your policy, with individual descriptions and values.
You can add one or both of the above mentioned personal effects covers to your home contents policy when you buy your insurance; or – if you’re an existing customer – by logging into your online account or contacting us.
Before you insure your jewellery, for example, we recommend you get it valued by a suitably qualified professional.
Please keep your valuations and receipts of purchase in a safe place, as we’ll need to see them if you make a claim.
Note that some portable items, like mobile phones and laptops, are only covered if they are lost or damaged inside your home by an insured event.
Home Insurance Knowledge Base
Your questions about insurance all
answered in one place.
Useful links
^Online discount applies to new policies only. Terms and conditions apply.
*Based on a survey of Budget Direct Home Insurance customers conducted between 10 February 2015 and 31 May 2018. Visit www.budgetdirectreviews.com.au for more details.
||Benefit capped at 10% of sum insured. Terms and conditions apply.
†Figures represent average savings based on data provided to us by new customers who switched online to Budget Direct's combined Home & Contents Insurance between 01/07/2017 and 31/12/2017. Individual circumstances and policy terms may vary. Please compare for yourself.
‡Flood data based on analysis conducted by Auto & General Insurance Company Ltd. Subject to underwriting terms and conditions, please see PDS for details.
