Compare our home insurance policies

Compare the benefits and features of our standalone and combined home building and home contents policies, including the most we’ll pay for any one insured event.

Benefits and features

Standard benefits
Optional covers
Other features
Excesses
Standard benefits

Building and Contents

Building Contents

Repair or replacement of your home building

Yes Yes No
Repair or replacement of your home 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 $5,000 (standard) or $7,000 (Smart)

Up to $5,000 (standard) or $7,000 (Smart)

Up to $5,000 (standard) or $7,000 (Smart)
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 in the open air Yes
No Yes
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

Disposal and storage of your contents

Up to 10% of sum insured

No

Up to 10% of sum insured

Loss or theft of credit cards

Up to $1,000

No

Up to $1,000

Replacement of locks

Up to $500

No

Up to $500

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

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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 Limit

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 calling us on 1800 182 310 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

Building and Contents

Building Contents
Flood Cover Yes Yes Yes
Tenant Default Yes Yes Yes
Tenant Theft and Malicious Damage  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
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How do I add an optional cover to my policy?

You can add one or more of the optional covers when you get a quote and buy a policy or – if you’ve already bought one – by contacting us on 1800 182 310 or logging into your online account and editing your policy.

Other Features

Building and Contents

Building 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%
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If you make a claim on your home building 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

Theft and Malicious Damage by Tenants2

4 weeks’ rent

Earthquake

$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.

Your certificate of insurance shows you the amount and types of excess that apply to your cover; they can also be viewed in your online account.
 

If I make a claim for loss or damage to my home building and contents, will I have to pay two excesses?

No – you’ll be required to pay only the higher of the two Basic excesses you have selected.

Insured events

Whether you insure your home building or home 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 property (e.g. fallen tree)
  • Accidental breakage of glass, ceramic and sanitary fixtures
  • Malicious damage, vandalism, riot or civil commotion
  • Explosion
  • Earthquake

Get a quote online and save up to 30%

Getting a Budget Direct home building and/or contents insurance quote is quick and easy.

Get a quote and buy a policy online and save 15% (building or contents) or 30% (combined building and contents); or call us on 1800 288 149.

Compare our home insurance prices

You know how our policies stack up against one another, but how do our premiums compare to other home insurers’?
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Find out more

The information on this page is a summary only. For more details about Budget Direct home insurance, including the terms, conditions, limits and exclusions that apply, please read the product disclosure statement.

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