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Budget Direct Contents Insurance

Fire
Yes
Theft or burglary
Yes
Flood
Optional Extra
Storm
Yes
Building cover
n/a
Contents cover
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Mozo editorial review Budget Direct Contents Insurance

Last updated: 18 September 2020.

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What's hot
  • 15% online discount (on your first year's premium)
  • New for old replacement
  • Up to 12 months temporary accommodation
What's not
  • Extra fee for monthly payments
Mozo snapshot

If you’re in the market for a contents insurance option that goes above and beyond the norm, then Budget Direct’s Contents Insurance may be the policy for you. Aside from providing your valuables with generous cover for a range of events, Budget Direct also offers a number of standout additional benefits including temporary accommodation and new for old replacement of items. 

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Key features

When it comes to providing protection for your valuables, the Budget Direct Contents Insurance policy will have you covered with up to $800 cover for any cash in your home, and up to $1,000 for items of jewellery (with a $5,000 total limit). 

You’ll have peace of mind knowing that your contents will be covered for a range of potential events - both likely and unlikely. Theft, vandalism, fire and lightning damage will all be covered under a Budget Direct policy, though if you’re wanting to protect your valuables against flood damage you’ll need to take it out as an optional extra. However, power surges and storm surges (an increase in sea level caused by a storm) aren’t covered in the policy.

In addition to the standard features you’d expect from most contents insurance policies, Budget Direct will also provide you and your family (plus your pets) temporary accommodation cover for up to 12 months, as well as new for old replacement for possessions which are damaged or destroyed in an event.  

Just remember to sign up online for your Budget Direct Contents Insurance policy so you can take advantage of the 15% online discount on your first year's premium.

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Who is it good for

Providing great value for money for a comprehensive range of standard and additional features, the Budget Direct Contents Insurance policy could be a great option for any homeowner wanting to safeguard their valuables and possessions.

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Any catches

Just bear in mind that Budget Direct may charge you a fee for paying your premium in monthly instalments, though you won’t be slugged if you opt to pay it as a lump sum each year.

Details

Rates and fees information correct as at 24 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Contents
  • Up to $800

  • No

  • Up to $3,000 combined with computer software

  • Hardware yes, software up to $3,000 combined with CDs/DVDs

  • Yes

  • Yes

  • Up to $2,500 per item

  • Up to $5,000 per item for artwork, up to $12,000 in total, up to $2,000 for collections

  • Up to $1,000 per item or set, up to $5,000 in total

  • No

  • No

  • No

  • Yes

  • Up to $2,000

  • No

  • Up to $12,000

Other cover
  • Up to $7,000 funeral expenses

  • No

  • Up to $1,000

  • Up to 10% of sum insured, up to 12 months. Combined with temporary accommodation for pets.

  • Up to 10% of sum insured, up to 12 months. Combined with temporary accommodation.

  • Up to 10% of sum insured combined with debris removal

  • Up to 10% of sum insured combined with emergency storage

  • No

  • No

  • No

  • Up to 20% of sum insured

Policy and service features
  • 60

  • No

  • Yes

  • $100

  • true

  • no

  • 15% online discount

  • Yes

  • Up to 90 days, up to 20% of sum insured

  • Up to $1,000

  • Up to $20,000,000

  • none

  • none

Events
  • Optional Extra

  • Yes

  • Yes

  • Yes

  • Yes

  • Optional Extra

  • Yes

  • Optional Extra, up to 10 years old

  • No

  • Yes

  • Yes

  • No

  • Yes

  • Yes

  • Yes

  • Yes

*Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).

Customer Reviews

How are Budget Direct home insurance rated by the Mozo community?

Overall
7.3/10
Value for money
7.6/10
Policy coverage
7.0/10
Customer service
7.3/10
Claims handling
6.4/10
Trust
6.8/10

Latest reviews of Budget Direct Contents Insurance

  • Overall 1/10
    Cancelled policy just cause we made a claim

    Disgusting. Cancelled our contents insurance. Reason given was that we had made a claim (which they paid without issue) 8 months ago. Lost our contents, home and two car policies. Would definitely not recommend. Bendigo Bank provided a cheaper policy as well.

    Read full review

    Disgusting. Cancelled our contents insurance. Reason given was that we had made a claim (which they paid without issue) 8 months ago. Lost our contents, home and two car policies. Would definitely not recommend. Bendigo Bank provided a cheaper policy as well.

    Value for money
    7/10
    Policy coverage
    5/10
    Customer service
    1/10
    Claims handling
    1/10
    Trust
    1/10
    Less
    Graeme, New South Wales reviewed 14 days ago
  • Overall 1/10
    Avoid at all cost!

    My neighbour's house caught alight in December 2019. My property suffered asbestos and smoke damage however Budget Direct wouldn't cover me because there was no flame at my property. Other insurers cover a flame within 10 metres to your property not Budget Direct! The next door property is about 9.2 metres away. You made a traumatic experience worse... shame on you.

    Read full review

    My neighbour's house caught alight in December 2019. My property suffered asbestos and smoke damage however Budget Direct wouldn't cover me because there was no flame at my property. Other insurers cover a flame within 10 metres to your property not Budget Direct! The next door property is about 9.2 metres away. You made a traumatic experience worse... shame on you.

    Value for money
    1/10
    Policy coverage
    1/10
    Customer service
    1/10
    Claims handling
    1/10
    Trust
    1/10
    Less
    Miranda, Queensland reviewed 3 months ago
  • Overall 9/10
    Great customer service.

    It was an easy process and quite affordable.

    Read full review

    It was an easy process and quite affordable.

    Value for money
    9/10
    Policy coverage
    9/10
    Customer service
    9/10
    Claims handling
    -1/10
    Trust
    -1/10
    Less
    Glenn, South Australia reviewed 5 months ago
  • Overall 10/10
    Extremely cheap and great coverage

    Quote and claim process is simple and all online.

    Read full review

    Quote and claim process is simple and all online.

    Value for money
    10/10
    Policy coverage
    -
    Customer service
    -
    Claims handling
    -
    Trust
    -
    Less
    David, Australian Capital Territory reviewed about 3 years ago
  • Overall 10/10
    Highly recommended!

    We have our home and cars insured with Budget Direct and they're great. Prices are superb too.

    Read full review

    We have our home and cars insured with Budget Direct and they're great. Prices are superb too.

    Value for money
    10/10
    Policy coverage
    -
    Customer service
    -
    Claims handling
    -
    Trust
    -
    Less
    Eliza, New South Wales reviewed over 3 years ago
Budget Direct

About Budget Direct

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