Have you insured that bling?

Get a contents insurance quote now! Save % - when you buy contents insurance online.

Engagement rings can be one of the biggest purchases you make after a house and car. For an item so small they can certainly pack a pricey punch when it comes to replacing them in the event of theft, fire or storms.

Making sure your jewellery is protected with contents insurance is the best way to safeguard your valuables.

Do I need to specify, or list, my engagement ring on my contents policy?

If your engagement ring is valued at more than $1,000 (our standard limit), you’ll need to specify, or list 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 by logging into your online account and editing your policy.

Will my engagement ring be covered if I
take it with me away from my home?

Your engagement ring and other valuable jewellery are covered while they are inside your home (subject to any replacement amount limits that apply).

If you want your jewellery to be insured when you take it with you away from your home, you’ll need to add optional Personal Effects Cover to your policy.

You can add one or both of the following types of Personal Effects Cover to your policy:

Unspecified Personal Effects
Specified Personal Effects

Unspecified Personal Effects

Your engagement ring and any other 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 (jewellery and other valuables) damaged or lost in any one insured event: $1,000, $2,000, $3,000, $4,000 or $5,000.

Specified Personal Effects

Your engagement ring and any other portable items are specified, or listed separately, on your policy, with individual descriptions and values nominated by you.

For an additional premium, you can add one or both of the abovementioned personal effects covers to your policy.

You can do this when you get a quote and buy a policy or – or if you’ve already bought one – by calling us on 1800 182 310 or logging into your online account and editing your policy.

How much cover do I need?

It’s up to you to determine how much it would cost to replace your investment property and any contents you own if they were totally destroyed, for example, by fire – the ‘sum insured’.

This is the maximum amount we’ll pay, so it’s important you’re comfortable the sum insured you nominate is sufficient to replace your entire property and all of your contents at today’s prices.

Use these calculators to help you estimate the cost of replacing your property and contents

Compare home insurance savings

Compared to their previous insurers’ premiums, customers across Australia who switched to Budget Direct home contents insurance told us they saved an average of

$###

Use our Comparitron™ tool to compare home insurance savings against other insurers.

Get a quote online and save %^

Getting a Budget Direct home contents quote is quick and easy.

If you get a quote and buy a policy online, we’ll give you a % discount on your premium.

Find out more

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

How to make a claim

If your home contents are lost, damaged or destroyed by an insured event and you need to make a claim, we’re here to help. Make a claim on your home building insurance policy.

Award-winning Australian home insurance

After comparing the cost and features of nearly 150 policies offered by more than 50 insurance providers, Canstar awarded us one of three national awards for Outstanding Value Home and Contents Insurance in 2017. 

We also won Money Magazine’s 2018 Best of the Best award for Cheapest Home and Contents Insurance; and Mozo’s 2017 People’s Choice (Outstanding Customer Satisfaction, and Excellent Customer Experience) and Experts Choice (Exceptional Value) awards for home insurance.

CANSTAR's Outstanding Value Home & Contents Insurance Australia 2018
Money Magazine's Cheapest Home & Contents Insurance 2018
MOZO's People's Choice 2017 - Outstanding Customer Satisfaction
MOZO's Experts Choice 2017 - Exceptional Value Home and Contents Insurance

Frequently asked questions

Are there any limits on the amount you’ll pay to replace home contents?

Yes – 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.

How do you decide whether to repair or replace damaged contents?

If a damaged item can be repaired quickly, easily and economically (e.g. a television), we’ll repair it.

If it’s uneconomic to repair or damaged beyond repair, we’ll replace it with a new one.

Are things like my mobile phone and tablet covered?

Some electronic items, like mobile phones and tablets, are only covered if they are lost or damaged inside your home by an insured event.

This includes events like theft and storms but excludes accidental damage (e.g. due to you dropping your phone or tablet on the floor at home).

^ The online discount applies to the premium paid for a new Budget Direct insurance policy initiated online on or after 29 March 2017. The discount varies by product: 30% for combined Smart Home & Contents insurance, 15% for Smart Home only or Smart Contents only policies. We reserve the right to change the offer without notice. The base-rate premiums are subject to change. The discount does not apply to any renewal offer of insurance.
† {comparitron-disclaimer}

Get a home contents insurance quote online