Budget Direct Home & Contents Insurance

Budget Direct home and contents insurance

Budget Direct is a provider of home insurance, landlord insurance, car insurance, life insurance, health insurance, travel insurance, and pet insurance.

“At Budget Direct, we don’t insure Captain Risky, to keep prices low.”

Policy Options: What Budget Direct home insurance covers

The inclusions below represent a selection of what is covered. Additional conditions may apply to different features. CANSTAR is not making any suggestion or recommendation to you about this product.  Please ensure that you read the product disclosure statement to determine all the current policy options and inclusions for the product you are considering.

Home and Contents

  • Liability cover for damage to other people and their property caused by an incident at your home connected to you owning or living there, up to $20 million.
  • Damage or loss of your home building and its contents caused by fire, explosion, theft or attempted theft, malicious damage, vandalism, riot, storm, rainwater, escaped water, earthquake, damage from impact, up to sum insured.
  • Accidental glass breakage and ceramics and sanitary fixtures.
  • Removal of debris demolishment of the home or any other part of the home if it is deemed unsafe and costs of rebuilding, up to 10% of sum insured.
  • Replacement of locks and keys after break-in, up to $500.
  • Temporary accommodation while your home is unliveable, up to 10% of building sum insured.
  • Funeral expenses as a result of an insured event, up to $5,000.
  • Discharge of mortgage fees if your building is a total loss, up to $750.
  • Modifications of home for paraplegia or quadriplegia, up to $5,000.
  • Outdoor contents stored in open air, up to $1,000.
  • Damage or loss of contents in transit while moving house.
  • Credit card cover up to $1,000.
  • Guests’ uninsured contents, up to $500.
  • Receive a 35% discount (at time of writing) for buying a combined ‘Smart Home and Contents’ insurance policy.
  • Optional cover for fusion damage (burn-out of electrical motors).
  • Optional cover for accidental damage or loss of home and contents.

Building Only

  • Liability cover for damage to other people and their property caused by an incident at your home connected to you owning or living there, up to $20 million.
  • Damage or loss of your home building caused by fire, explosion, theft or attempted theft, malicious damage, vandalism, riot, storm, rainwater, escaped water, earthquake, damage from impact, up to sum insured.
  • Accidental glass breakage and ceramics and sanitary fixtures.
  • Removal of debris demolishment of the home or any other part of the home if it is deemed unsafe and costs of rebuilding, up to 10% of sum insured.
  • Temporary accommodation while your home is unliveable, up to 10% of building sum insured.
  • Funeral expenses as a result of an insured event, up to $7,000.
  • Discharge of mortgage fees if your building is a total loss, up to $750.
  • Modifications of home for paraplegia or quadriplegia, up to $5,000.

Contents Only

  • Liability cover for damage to other people and their property caused by an incident at your home connected to you owning or living there, up to $20 million.
  • Damage or loss of your home contents caused by fire, explosion, theft or attempted theft, malicious damage, vandalism, riot, storm, rainwater, escaped water, earthquake, damage from impact, up to sum insured.
  • Accidental glass breakage and ceramics and sanitary fixtures.
  • Removal of debris only (excludes demolition), and costs of rebuilding, up to 10% of sum insured.
  • Replacement of locks and keys after break-in, up to $500.
  • Temporary accommodation while your home is unliveable, up to 10% of contents sum insured.
  • Funeral expenses as a result of an insured event, up to $7,000.
  • Outdoor contents stored in open air, up to $1,000.
  • Damage or loss of contents in transit while moving house, up to 20% of contents sum insured.
  • Credit card cover up to $1,000.
  • Guests’ uninsured contents, up to $500.
  • Unattached equipment, spare parts or accessories cover up to $500.
  • Receive a 35% discount for buying a combined ‘Smart Home and Contents’ insurance policy.
  • Optional cover for fusion damage (burn-out of electrical motors).
  • Optional cover for accidental damage or loss contents.

Landlord Insurance

  • Liability cover for damage to other people and their property caused by an incident at the property you own, up to $20 million.
  • Damage or loss of your investment building and contents you own, caused by fire, explosion, theft or attempted theft, malicious damage, vandalism, riot, storm, rainwater, escaped water, earthquake, damage from impact, up to sum insured.
  • Damage or loss of landlord’s fixtures and fittings provided for tenant’s use, up to 5% of building sum insured.
  • Loss of rent while building is unliveable, up to 10% of sum insured.
  • Outdoor contents stored in open air, up to $1,000.
  • Discharge of mortgage fees if your building is a total loss, up to $750.
  • Modifications of home for paraplegia or quadriplegia, up to $5,000.
  • Optional cover for rent default – I only found reference to tenant default.
  • Optional cover for malicious acts and theft by tenants or tenants’ guests.
  • Optional cover for fusion damage (burn-out of electrical motors).

Policy Benefits: Why choose Budget Direct

  • Online discount: Get a quote online in 1 minute – even on your mobile phone! You can get a discount of 20% if you buy any home or contents insurance policy online.
  • Claims process: Budget Direct has a 24/7 telephone helpline.
  • Multi-policy discount: Save on your policy premiums if you have more than one policy with Budget Direct.
  • Buddy up: When you buy car insurance from Budget Direct, you get a Budget Direct Buddy code to give to your friends. If they use the code to buy insurance from Budget Direct, you both get a $50 VISA gift card (at the time of writing).
  • Sum Insured Safeguard: If your sum insured isn’t enough to replace or repair the damage to your home building, this option lets you extend your insurance cover by up to 25%.
  • Premium cost-reducing measures: You can increase your excess to reduce your premium.
  • Payment options: You can pay by the fortnight, by the month, or once per year – and you can pay via direct debit, credit card, or even PayPal.
  • Hail Hero: A text or email is sent to your mobile device to let you know when a hailstorm is on its way to your home, so you have time to shut your doors and windows and make your home safe.

About Budget Direct

Budget Direct has insured over 1.5 million Aussies since they were founded in 2000. They are part of the International Budget Insurance group.

If you’re with Budget Direct, sign up for the Budget Direct Hail Hero App on the Apple iTunes Store or Google Play for Android so you’ll have enough warning to protect your home before a hailstorm hits.

These days, many people know Budget Direct for their hilarious Captain Risky TV ad series, or the older “Boojay Boojay” TV ad series featuring Michelle and Michael.

How Budget Direct supports the community

  • Protecting kids: Supports Act for Kids to prevent and treat child abuse and neglect.
  • Annual charity events: Budget Direct participates in the Smith Family Christmas Appeal, Day for Daniel, RSPCA Cupcake Day & Goods Collection, Australia’s Biggest Morning Tea, and Movember.

How Budget Direct supports the environment

  • Way back in 2008, Budget Direct was one of the many who advocated for insurance providers to be allowed to present PDS documents electronically rather than in paper form.
  • In 2013, Budget Direct provided a comprehensive infographic summarising pros and cons of the various alternative fuels to support the environment.
  • In 2015, Budget Direct has commented on how economical and environmentally-friendly self-driving cars could be.

Compare Home and Contents Insurance

Compare Home Building Only Insurance

Compare Contents Only Insurance

 Written by: TJ Ryan