Budget Direct paid out over $1.5 billion on car + home insurance claims in the last 12 months.
What's protected by Contents Insurance?
With Contents Insurance cover, you can be covered against loss or damage to your belongings that are inside your home. This refers to things like your dining table to your favourite jeans. As part of your new-for-old replacement cover, if an insured event like a storm, fire or burst pipe results in loss or damage to your possessions, we can replace your contents with new ones.
Keep in mind, your home itself is not covered by Contents Insurance. To make sure your house and structures are also protected, you'll need to look into Combined Home and Contents Insurance.
What's covered by Contents Insurance?
Budget Direct Contents Insurance covers loss or damage to contents you own within your property caused by the following insured events:
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Furniture including beds, tables, lounges and chairs.
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Appliances, such as refrigerators, washing machines.
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Televisions, and computers.
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Personal items, including shoes and bags.
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Household decorations, including paintings.
What’s not covered by Contents Insurance?
Budget Direct Contents Insurance does not cover you for loss or damage for every circumstance. There are exclusions such as:
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Motor vehicles, caravan or trailers.
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Garden beds, lawn, plants, shrubs or trees.
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Stock used in any business, trade or profession.
Terms, conditions, limits and exclusions apply. Please read the Product Disclosure Statement (PDS) for full details on what’s covered by Budget Direct Home and Contents Insurance.
Benefits Included in Contents Insurance
If your home is uninhabitable due to an event covered by the policy, we’ll assist you with temporary living arrangements. This includes the costs for your family and pets, for up to 12 months. It could be a short hotel stay, or a long-term rental - we will ensure you have somewhere safe to stay.
Your Contents Insurance comes with up to $20 million in legal liability protection. This means if an accident you happen to be responsible for causes injury to another person (or damages their property) this cover can help. And the best part is, this legal liability protection applies no matter where you are in Australia.
Did you know that when you take certain belongings with you on trips within Australia, they can still be protected?
If your contents suffer loss or damage due to an insurance-covered event while you're away from home, we can cover them for up to 90 days. So, whether it's a camera travelling with you to see family, or your favourite pair of designer sunnies, some of your items may still be protected. Always check your policy for the full details.
We know that prices fluctuate due to inflation - so we automatically increase the insured amount for your contents each year. This helps your cover follow current replacement costs.
Your premium will also be adjusted to reflect this updated level of cover.
When you take out Contents Insurance with Budget Direct, we’ll take care of the removal and disposal of damaged contents, up to 10% of your sum insured, so you can rest easy.
Did an event covered by your home insurance policy cause your food to go off? If we accept your claim, we can pay up to $500 to cover the cost of that spoiled food. Plus, if your claim is just for the spoiled food, you won’t need to pay any excess.
If your keys are stolen we’ll cover up to $1,000, to replace keys, locks, and key codes, helping you keep your belongings secure.
Your policy can protect unattached equipment, spare parts, and accessories - such as those for your car, trailer, or caravan - covering loss or damage up to $500.
Terms, conditions, limits and exclusions apply. For full details, please read the Product Disclosure Statement (PDS)
Get a Quote Online and Save 15%^
If you get a quote and buy a new Contents Insurance policy online, we'll give you a 15%^ discount on your first year's premium.
Compare Contents Insurance Savings
Price Comparison Figures
Upgrade Your Contents Insurance Cover
Whether you are buying a new policy or you are an existing Budget Direct Contents Insurance policy holder, you can tailor your policy to better suit your needs by adding on optional cover. You can upgrade your cover by adding one or more optional covers, to better protect the items in your home that are important to you.
If you already have a policy with us, you can add the optional cover by contacting us or logging into your online account and editing your existing policy.
Want protection if your home is flooded? You can add Flood Cover to your insurance. This helps pay for damage if a flood happens.
What do we mean by “flood”? It's when water from places like rivers, lakes, creeks, or even dams overflows and covers land that is usually dry. This goes on to cause loss or damage.§
Learn more about Flood Cover
§ The addition of Flood Cover to a policy is subject to our underwriting criteria.
We know how frustrating it can be when essential home appliances suddenly stop working. That's why our Motor Burnout Cover is here to help. If an electric motor in one of your appliances - such as your fridge, freezer, or washing machine - burns out due to an electrical problem or power surge, and it's less than ten years old, this cover can help with the cost of repair or replacement.
Learn more about Motor Burnout
Accidental Damage cover is designed for those moments that aren't usually covered by standard Contents Insurance. For example, if you accidentally spill red wine on your favourite carpet, or if a fragile item like a vase slips from your hand and breaks, this cover can provide peace of mind and help you get things sorted.
Learn more about Accidental Damage
Personal Effects Cover will protect your personal belongings, even if they're outside the home. This means that your favourite sunnies, camera, or jewellery are covered.
Learn more about Personal Effects
When your belongings can't be at home with you and need to be stored elsewhere, we know that they need to remain safe.
This option provides insurance for your possessions against loss or damage from events covered by your insurance policy - when they are being kept in a commercial storage facility. So, you can rest a little easier, knowing your furniture, boxes of memories are protected, even when they're not under your roof.
How much cover do I need?
When you get Contents Insurance you need to determine how much it would cost to replace your belongings if they were destroyed in an insured event, this amount is known as ‘sum insured’.
This is the maximum amount we’ll pay after an insured event, so it is important that the cover amount you choose is enough to replace all of your contents at current prices.
To make your insurance journey easier we have calculators to help you work out your total cover amount.
Do you need more cover?
If you own your home, you may want to consider covering it as well. With Budget Direct's Combined Home and Contents Insurance you can get 30%^ off your first year's premium when you purchase a new policy online.
Owner-occupiers aren't the only ones who may benefit from insuring their property. You can also protect your investment property with Budget Direct Landlord Insurance.
Contents Insurance FAQs
Contents are your household and personal items that you own or are legally responsible for which you use primarily for domestic purposes. Among other things, a Budget Direct Contents Insurance policy covers loss or damage to:
furniture and furnishings
household electrical appliances
kitchenware
clothing and shoes
valuables like jewellery (limits apply), 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).
fitted carpets and rugs
internal blinds, curtains and window coverings.
Note that benefit limits apply to certain contents.
We offer Personal Effects cover as an optional extra for your contents insurance. This can cover a wide range of categories of belongings, including:
bicycles
clothing
jewellery/watches
musical instruments
photographic equipment
sporting equipment
medical aids
mobile phones (specified only)
laptops/tablets (specified only)
e-scooters.
To find out how much this coverage might cost, you can get a quote online.
Personal Effect Cover
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: These are portable items not specified, or listed separately, on your policy. We’ll cover a variety of items, and the most we’ll pay per item is $1,000. You then nominate a total cover amount.
Specified Personal Effects: These are portable items specified, or listed separately, on your policy, with individual descriptions and values.
For an additional premium and subject to our approval, you can add one or both of the above mentioned personal effects covers to your policy.
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.
