Budget Direct Home & Contents Insurance

Budget Direct

Budget Direct is a provider of home and contents insurance in Australia, as well as other products such as travel insurance, car insurance, pet insurance and roadside assistance.

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What do Budget Direct home and contents insurance policies cover?

Budget Direct offers home insurance, contents insurance and combined home and contents insurance.

Home Building Insurance

Budget Direct says its home insurance is designed to protect your home against loss or damage caused by events such as fire, severe weather, theft and vandalism. Coverage includes your house, garage, carports, fixed swimming pools and other domestic outbuildings. Budget Direct also currently offers 15% off your first year’s premium for a new policy when purchased online.

Features of Budget Direct home insurance include cover for:

  • A range of insurance events including storm, fire, theft, explosion, malicious damage and more
  • Breakage of glass, ceramic and sanitary fixtures
  • Temporary accommodations for both family and pets
  • Removal of debris and extra costs associated with rebuilding
  • Legal liability for death, injury or damage to someone else’s property caused by an incident at the insured address
  • Mortgage discharge costs

Contents Insurance

Budget Direct says its contents insurance is designed to protect the belongings inside your home, such as furniture, appliances and computers from events including fire, storm, theft and vandalism. Budget Direct also currently offers 15% off your first year’s premium for a new policy when purchased online.

Features of Budget Direct’s contents insurance include cover for:

  • A range of insured events including storm, fire, theft, explosion, malicious damage and more
  • Replacement of locks and keys
  • Food spoilage
  • Damage or loss to contents during your move to a new address in Australia
  • Visitor’s uninsured contents

Combined Home and Contents Insurance

Budget Direct home and contents insurance offers all of the above benefits and inclusions of both home insurance and contents insurance in a combined package. At the time of writing, Budget Direct says policyholders are eligible for a 30% discount off their first year’s premium for a new combined policy when purchased online (15% combined + 15% online).

Optional Features

Budget Direct offers a number of optional cover policies for those willing to customise their Home and Contents insurance. Additional premium options include:

  • Flood cover
  • Accidental damage
  • Personal effects cover for items you take out of your home
  • Motor burnout
  • Sum insured safeguard – if nominated sum insured is insufficient, it will be increased by up to 25%

How do I apply for a Budget Direct home and contents insurance policy?

To apply for a Budget Direct home and contents insurance policy, you can get a quote from Budget Direct by either calling them directly, or requesting one online via their website. At the time of writing, Budget Direct says that if you get a quote online you will receive a discount of up to 30% for your first year’s premium for a new combined policy (conditions apply).

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This content was reviewed as part of our fact-checking process.

Budget Direct FAQs

What’s the difference between Budget Direct building and Budget Direct contents insurance?

As a general rule, building insurance covers any part of your house that is permanently fixed and not intended to move, such as your walls and roof, or kitchen benchtops. Contents insurance covers all the items within your house that are not permanent fixtures, i.e. you could move them between houses. Find out more about home and contents insurance here.

How much Budget Direct home insurance should I take out?

If you have a recent and accurate estimate for the value of your home and contents, then it’s often a good idea to insure up to that particular sum to get your exact money’s worth.

If you don’t have an accurate idea of this value, then you could look for a complete replacement home insurance policy to give yourself peace of mind, though bear in mind that while you’re less likely to be underinsured, the premiums for a total replacement may be more expensive than for a sum-insured one. Find out how much home insurance you need and how much contents insurance you need.

How do I make a claim with Budget Direct?

If something happens to your home or contents, you can either lodge a claim online or call Budget Direct’s customer care service during business hours. You will need to provide your policy number, details of the incident and other relevant information such as any photos of the damage or loss. Budget Direct says it will contact you within two business days of lodging your claim.

I’m currently renting. Do I need Budget Direct home insurance?

As a renter, you generally don’t need home insurance because your landlord should have insurance for the building you live in, and if you live in a unit, apartment or townhouse, the body corporate is legally required to have building insurance for the building. However, as a renter you can still consider contents insurance if you want to protect your own possessions.

Some providers offer specialised renters insurance policies. In many cases, though, renters insurance is the same or very similar to a contents insurance policy. It may be the case that when applying for a standard contents insurance policy, you simply need to specify to the insurer that you’re a tenant.

If you are a renter, you can purchase a contents-only policy from Budget Direct.

I’m a landlord. Do I need Budget Direct home insurance?

For landlords, a specific landlord insurance policy could be an option to consider. Landlord insurance is designed to cover you for the same things as a home insurance policy, but with several additions to cover you against risks from having tenants in your property.

Depending on your choice of cover, Budget Direct landlord insurance may cover costs to repair or replace your investment property, debris removal, lost rent and landlord’s contents

About Budget Direct

Budget Direct says it has insured more than three million Australians since it was founded in 2000. Today, Budget Direct has over 1,300 staff and partnerships with hundreds of car repairers and building contractors nationwide. Budget Direct policies are underwritten by Auto & General Insurance Company Limited, a part of the international BHL Group.

Written by: Tamika Seeto | Last updated: October 1, 2021