Insurance
What’s covered by renter’s insurance?
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:
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
In comparison to their previous insurers’ premiums, customers across Australia who switched to Budget Direct Contents Only 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 new policy online and you’ll save 15%^ on your first year’s premium.
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 67 products offered by 49 providers, Canstar presented us with the National award for Outstanding Value Home & Contents Insurance for the eighth year in a row in 2024.
We’ve also won Money magazine’s Insurer of the Year title eight years running (2017–2024); and Best of the Best title for Home & Contents Insurance (2022-2024).
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?
We offer Personal Effects cover as an optional extra to cover your portable contents. 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.
Is there a minimum amount of cover for home contents?
Yes – the minimum amount of cover we provide for home contents is $20,000.
Useful links
|| Benefit capped at 10% of sum insured for up to a maximum period of 12 months, when your home is unliveable due to an insured event. Terms and conditions apply.
§ The addition of Flood Cover to a policy is subject to our underwriting criteria.
† {comparitron-disclaimer}
