Combined Home and Contents Insurance

Your home and contents insurance covers you for loss or damage to repair or rebuild your house, garden shed, fences, and other structures on your property from events listed in your policy as covered. This coverage is based on the total amount you have insured them for. If something like a fire, storm, or another covered event happens, your policy helps protect the house you live in.

What about all the things inside your house? Whether it’s your furniture or appliances, if these items suffer loss or damage because of a storm, fire, or a burst pipe, your combined home and contents insurance can help. If the loss or damage is covered by the policy, we’ll cover the cost to repair or replace them with new items, so you don't have to worry.

What's covered by Home and Contents Insurance?

Budget Direct Home and Contents Insurance covers your house and personal possessions against loss or damage caused by the following insured events:

• Storm (including cyclone) and rainwater (does not cover any loss or damage caused by flood). If this doesn't meet your needs, you can add optional flood cover§.
• Fires (including bushfires and grassfires)
• Lightning
• Theft (or attempted theft)
• Escape of liquid (e.g. burst pipe)
• Impact at home (e.g. fallen tree)
• Breakage of glass, ceramic and sanitary fixtures
• Malicious damage, vandalism, riot or civil commotion
• Explosion
• Earthquake or tsunami

What’s not covered by Home and Contents Insurance?

Budget Direct Home and Contents Insurance does not cover you for loss or damage for every circumstance. There are exclusions such as:

• Action of the sea (eg. high tide, tidal wave)
• Asbestos
• Breaking the law
• Contamination or pollution
• Defects, structural faults, or design faults
• Hacking or cyberattacks
• Gradual deterioration such as rust, corrosion, rot, mould, wear and tear.

If you choose to add Flood to your insurance, it can help pay for damage caused by a flood, including when water from a lake, river, creek, or even a dam overflows and covers land that is usually dry.

Learn more about Flood Cover

§ The addition of Flood Cover to a policy is subject to our underwriting criteria.

Motor Burnout helps you if an electric motor in your home appliances stops working because it burns out from an electric current or power surge. This cover is for motors that are less than ten years old. You'll find motors in things like your fridge, freezer, or washing machine.

Learn more about Motor Burnout

This extra cover is ideal for protecting against damage that isn’t usually part of your standard home insurance. For instance, if you accidentally knock over a vase and it breaks, or spill something on your carpet, Accidental Damage cover could help.

Learn more about Accidental Damage

Personal Effects cover protects your personal items when you take them outside your home. This includes things like your jewellery, sunglasses, and cameras.

Learn more about Personal Effects

If you need to store some of your belongings in a storage facility, we will cover any loss, including theft or fire, to ensure your belongings will be protected even when they are not in your home.

With home insurance, you choose the amount you think it would cost to replace the home. This is called the ‘sum insured’. But sometimes the actual cost may be more.

Sum Insured Safeguard is an extra layer of protection for your home. If the cost to replace, repair or rebuild your home exceeds the sum insured you nominated, we’ll increase it by up to 25% (e.g. from $400,000 to $500,000) to help cover the necessary repairs.