What’s covered by renter’s insurance?

Your belongings

Cost to repair or replace (new for old) your lost or damaged contents, including furniture, whitegoods, appliances, clothing and personal effects.

Your legal liability for someone else’s death or bodily injury or for loss or damage to someone else’s property caused by an accident anywhere in Australia.

Temporary accommodation

Temporary accommodation for you and your pets if your rental property is unfit to live in due to loss or damage to the property or your contents. ||

Removal of debris

Removal and disposal of your damaged contents and storage of your undamaged ones during the time it takes to repair your rental property.

Replacement of locks

Replacement of locks or key codes if your keys are stolen, up to $1,000.

Contents temporarily removed

Contents lost or damaged after being temporarily removed – for 90 days or less – from your insured address.

Food

Spoilage of perishable food, up to $500.

Terms, conditions, limits and exclusions apply.

For full details, please read the Product Disclosure Statement.

Insured events

Budget Direct renter’s insurance covers your personal possessions against loss or damage caused by the following insured 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)
  • Breakage of glass, ceramic and sanitary fixtures
  • Malicious damage, vandalism, riot or civil commotion
  • Explosion
  • Earthquake or tsunami

Upgrade your cover

For an additional premium, you can customise your renter’s insurance by adding one or more of the following optional covers to your policy:

Flood Cover

Covers your belongings for loss or damage caused by flooding rivers, creeks and other bodies of water.§

Personal Effects Cover

Insures the portable items (e.g. jewellery, sunglasses, camera) you take with you away from your home.

Accidental Damage

Standard cover includes accidental damage to glass, ceramic and sanitary fixtures that you’re legally responsible for; Accidental Damage extends this cover to most of your possessions.

Motor Burnout

In case a power surge burns out a motor in an electrical appliance you own (less than 10 years old); we’ll also pay for related spoilage of food.

Commercial Storage

Covers your contents for loss or damage while they’re stored in a commercial storage facility.

How do I add an optional cover to my policy?

You can add one or more of these 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.

How much cover do I need?

It’s up to you to determine how much it would cost to replace your belongings 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 all of your possessions at today’s prices.

Use this calculator to help you estimate the cost of replacing your contents

Compare contents insurance savings

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

$###

Use our Comparitron™ tool to compare home insurance savings reported by our customers.

Get a quote online and save 15%^

Getting a Budget Direct Contents Insurance quote is quick and easy.

Get a quote and buy a policy online and save 15%; or call us on 1800 288 149.

Find out more

The information on this page is a summary only. For more details about Budget Direct Contents Insurance, including the terms, conditions, limits and exclusions that apply, please read the Product Disclosure Statement.

How to make a claim

If your belongings 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 renter’s insurance policy.

Award-winning Australian home insurance

After comparing the cost and features of 135 policies offered by 52 insurers, Canstar presented us with one of only three national awards for Outstanding Value Home & Contents Insurance in 2019.

We've also won Money magazine's Best of the Best title for Home & Contents Insurance three years running (2017–19); and a Mozo Experts Choice 2019 award for Exceptional Value Home & Contents Insurance.

CANSTAR's Outstanding Value Home & Contents Insurance Australia 2019
Money Magazine's Insurer of the Year 2019
Money Magazine's Cheapest Home & Contents Insurance 2019
MOZO's Expert's Choice 2019 - Exceptional Value Home and Contents Insurance
Reader's Digest - Quality Service Award 2019 - Winner

Frequently asked questions

What does ‘contents’ insurance cover?

Among other things, a Budget Direct contents insurance policy covers loss or damage to:

  • furniture and furnishings
  • computers and electrical appliances
  • kitchenware
  • clothing and shoes
  • valuables like jewellery, 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.

You can be covered for these things up to the amount of your contents sum insured.

Note that benefit limits apply to certain contents.

I'm a renter / tenant — do I need home insurance?

If you’re a renter or tenant, you do not have to worry about insuring the unit, apartment, flat, townhouse, detached or semi-detached house you’re living in – that’s your landlord’s responsibility.

However, if you want to be covered for the cost of repairing or replacing your belongings (e.g. furniture, whitegoods, electrical appliances, clothing, and personal effects), then you’ll need to get renter’s insurance.

I'm moving into a place with some housemates — will you insure me?

Yes — as long as you don’t share with more than two unrelated housemates.

Note that your policy would cover only the contents you own — not your housemates’ belongings.

Does home insurance cover valuables I take with me away from my home?

Among the items covered by Budget Direct contents insurance are:

  • bicycles
  • clothing
  • jewellery/watches
  • musical instruments
  • photographic equipment
  • sporting equipment
  • medical aids.

These items are covered – up to your contents sum insured – if they are lost or damaged by an insured event while inside your home.

Is there a minimum amount of cover for home contents?

Yes – the minimum amount of cover we provide for home contents is $20,000.

^ 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 and 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.
|| Damage caused by an insured event.  The benefit is capped at 10% of your sum insured. For more details, please read the Product Disclosure Statement.
§ The addition of Flood Cover to a policy is subject to our underwriting criteria.
† {comparitron-disclaimer}

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