Budget Direct has provided home and contents insurance to Tasmanians since 2000.
Whether you’re an owner–occupier, landlord or renter, living in Hobart or Smithton, or anywhere between, we’ve got you covered§.
Award-winning home insurance
In 2025, we have won Money magazine's Best of the Best title for Home & Contents Insurance (2022-2025) and WeMoney's Best for Value Home & Contents Insurance award 2025. We are also the Winner of WeMoney's Best for Quality Home and Contents Insurance 2025. Plus, we have won the coveted Money magazine Insurer of the Year title nine years running (2017-2025).
Choose your cover
You can get home or contents cover separately, or combine them.
Home and Contents Insurance
Protect your most valuable asset and belongings by combining home and contents insurance.
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Home Insurance
Covers loss or damage to your home due to events like storms, fire and escape of liquid. Includes the costs of repairs or rebuilding and temporary accommodation.
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Contents Insurance
Covers loss or damage to your contents due to events like storms, fire and theft. Includes new-for-old replacement of items that can’t be repaired.
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Highly rated claims
Use our Comparitron™ tool to compare home insurance savings reported by our customers throughout Australia.
Frequently asked questions
What does home insurance cover?
‘Home insurance’ is an umbrella term that encompasses three variations of cover:
- Home and contents insurance covers your house and other structures on your property as well as your belongings for loss or damage due to events like fire, theft and storms.
- Home Building insurance covers your house and other structures on your property, including your garden shed, fences, and in-ground swimming pool.
- Contents insurance covers the belongings inside your home, including furniture, whitegoods, electrical appliances, clothing, and more.
Terms, conditions, limits and exclusions apply to Budget Direct home insurance; for full details, please read the product disclosure statement.
What events are covered by home insurance?
An ‘insured event’ is an event we cover should it cause loss or damage to your home and/or contents.
Budget Direct covers the following events:
- Storm (including cyclone) and Rainwater (flood cover is optional)
- Fire
- Theft (or attempted theft)
- Escape of liquid (e.g. burst pipe)
- Lightning
- Impact at home (e.g. fallen tree)
- Breakage of glass, ceramic and sanitary fixtures
- Malicious damage, vandalism, riot or civil commotion
- Explosion
- Earthquake or tsunami.
How much home insurance do I need?
Your 'sum insured' is the maximum amount Budget Direct will pay to rebuild your home or replace your contents after a covered event. It's essential you set this amount high enough to cover the full cost of rebuilding or replacing everything at current prices.
Underinsuring your property could mean you won't have enough cover from a significant loss.
For Your Home Building: Consider the total cost to rebuild your home from scratch, including:
- Current building materials and labour costs
- Any improvements you have made or unique site challenges
You can use our online calculators as a guide, or consult a professional valuer or building contractor for a precise estimate.
For Your Contents: Estimate the cost to replace all your personal belongings with new items. A good method is to walk through each room, listing everything and its current replacement value. Don't overlook items like clothing, kitchenware, and items that may be stored away.
