Compare our home insurance policies
Compare the benefits, features, claim limits and optional covers of our standalone and combined home and contents insurance policies.
Benefits and features
| Included benefits | Home | Contents | |
|---|---|---|---|
Repair or replacement of your home |
Yes | Yes | No |
| Repair or replacement of your contents Limits apply to certain items |
Yes | No | Yes |
| Legal liability | Up to $20 million | Up to $20 million | Up to $20 million |
| Temporary accommodation | Up to 10% of sum insured, up to 12 months |
Up to 10% of sum insured, up to 12 months |
Up to 10% of sum insured, up to 12 months |
| Debris removal and extra rebuilding costs | Up to 10% of sum insured |
Up to 10% of sum insured |
Up to 10% of sum insured |
| Funeral expenses | Up to $7,000 |
Up to $7,000 |
Up to $7,000 |
| Modifications to home | Up to $5,000 |
Up to $5,000 |
Up to $5,000 |
| Loss of rental income | Up to 10% of sum insured, up to 12 months |
Up to 10% of sum insured, up to 12 months |
No |
| Rental property fixtures and fittings | Up to 5% of sum insured |
Up to 5% of sum insured | No |
| Mortgage discharge costs | Up to $750 |
Up to $750 | No |
| Contents temporarily removed | Up to 20% of sum insured |
No | Up to 20% of sum insured |
| Contents lost or damaged in transit | Up to 20% of sum insured |
No | Up to 20% of sum insured |
| Replacement of locks | Up to $1,000 |
No | Up to $1,000 |
| Unattached equipment | Up to $500 |
No | Up to $500 |
Visitors’ uninsured contents |
Up to $500 |
No | Up to $500 |
Food spoilage |
Up to $500 |
No | Up to $500 |
| Quote Now | Quote Now | Quote Now |
The following table shows you the most we’ll pay to repair or replace certain contents damaged or lost in any one insured event.
If you have an item that exceeds this limit, you’ll need to list, or specify, the item on your policy (where applicable).
| Contents | Limits |
|---|---|
Hand-woven carpets and rugs |
Up to $2,500 per item1 |
Cash, cheques, and any other negotiable financial document |
Up to $800 in total |
CDs, DVDs, flash cards, digital media cards, audio and video tapes, records, computer discs, computer software, game cartridges, and game consoles |
Up to $3,000 in total1 |
Firearms (legally registered and stored) |
Up to $2,000 in total |
Home office equipment |
Up to $12,000 in total |
Jewellery and watches |
Up to $1,000 per item or set; and up to $5,000 in total1 |
Solid and plated silver and gold items (excluding jewellery and watches) |
Up to $2,000 per item or set |
Paintings, pictures, works of art, sculptures, and art objects |
Up to $5,000 per item or set; and up to $12,000 in total1 |
Collections, memorabilia, stamps, collectors’ pins, medals, and collectors’ non-negotiable currency |
Up to $2,000 per item or collection1 |
Tools of trade |
Up to $2,000 in total |
Specified contents items |
Up to the sum insured2 |
1. You may be able to insure the item/s for more than the limit by specifying it, or listing it separately, on your policy, with an individual description and value. You can do this when you get a quote and buy a policy or – if you’ve already bought one – by contacting us or logging into your online account and editing your policy.
2. This amount is shown on your insurance certificate and in your online account.
| Optional covers | Home | Contents | |
|---|---|---|---|
| Flood Cover | Yes | Yes | Yes |
| Tenant Default | Yes | Yes | Yes |
| Theft and Malicious Damage by Tenants | Yes | Yes | Yes |
| Accidental Damage | Yes | Yes | Yes |
| Motor Burnout | Yes | Yes | Yes |
| Sum Insured Safeguard | Yes | Yes | No |
| Personal Effects Cover | Yes | No | Yes |
| Commercial Storage | Yes | No | Yes |
| Quote Now | Quote Now | Quote Now |
How do I add an optional cover to my policy?
You can add one or more of these optional covers when you get a quote and buy a policy or – if you’ve already bought a policy – by contacting us or logging into your online account and editing your policy.
| Other features | Home | Contents | |
|---|---|---|---|
| Home and contents repairs guaranteed | Yes | Yes | Yes |
| Inflation protection | Yes | Yes | Yes |
| Higher excess to reduce premium | Yes | Yes | Yes |
| Fortnightly, monthly or yearly premium payments | Yes | Yes | Yes |
24/7 online and phone claims service |
Yes | Yes | Yes |
| Online discount | 30% | 15% | 15% |
| Quote Now | Quote Now | Quote Now |
If you make a claim on your home and/or contents policy, you’ll be required to pay a Basic Excess and any additional excesses that apply:
| Excess | Amount |
|---|---|
| Basic | $100 to $5,0001 |
| Fixed Based on perceived risk; may not apply to your policy |
Subject to underwriting criteria |
Tenant default2 |
4 weeks rent |
Tenant theft and malicious damage2 |
4 weeks rent |
| Earthquake or tsunami | $500 |
1. You’ll be asked to nominate an excess within this range when you get a quote and buy a policy.
2. This excess applies only if your policy includes these optional landlord covers.
Insured events
Whether you insure your home or contents or both, we cover all of the following events:
- Storm and rainwater (flood cover is optional)
- Fire
- 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
Get a quote online and save up to 30%
Getting a Budget Direct home and/or contents insurance quote is quick and easy.
Get a quote and buy a policy online and save 15% (home or contents) or 30% (combined home and contents); or call us on 1800 288 149.
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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.
