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Budget Direct Home & Contents Insurance

Advertiser disclosure
Important information on terms, conditions and sub-limits
Fire
Yes
Theft or burglary
Yes
Flood
Optional Extra
Storm
Yes
Building cover
Contents cover
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Mozo editorial review Budget Direct Home & Contents Insurance - last updated: 14 December 2020

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What's hot
  • Mozo Experts Choice Insurer of the Year 2020
  • New for old cover
  • 30% online discount (off first year's premium)
What's not
  • No cover for landscaping costs
Mozo snapshot

If you're looking for wide-ranging protection for your home and possessions that’s not only great value, but also comes with a heap of extra features including temporary accommodation cover and debris removal and extra rebuilding costs, then 2020 Insurer of the Year Budget Direct’s Home and Contents Insurance policy could be the option for you. 

With a 30% discount when you sign up online, it’s no wonder that the policy was awarded a 2020 Mozo Experts Choice Award in the Exceptional Value Home & Contents Insurance category. 

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Key features

Budget Direct Home and Contents Insurance will provide cover for your house and valuables for a range of events. The policy will insure you for everything from everyday occurrences like the accidental breakage of glass, to theft and even natural disasters such as lightning strikes and storms, and you’ll even be able to add flood cover to your Budget Direct policy as an optional extra.

If your home or contents are damaged or destroyed by an insured event, you’ll rest easy knowing that Budget Direct covers your valuables such as jewellery for up to $1,000 an item, and artwork for up to $5,000 per item. Even the contents from your home office will be insured for up to $12,000.  

With temporary accommodation cover you’ll also be safe in knowing that your family and pets will have a roof over their heads for up to 12 months (up to 10% of the sum insured) in the event that your home is damaged or destroyed.  

The Budget Direct Home and Contents Insurance policy also comes with a number of handy extra features like new for old replacement for your belongings and optional personal effects cover for frequent travellers, plus you’ll be eligible for a 30% policy discount if you sign up online. 

When it comes to paying for your policy Budget Direct gives you the option to pay your premium as a lump sum once a year, or in monthly instalments. However, you might be charged an extra fee if you do choose the monthly option.


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Who is it good for

With extensive cover for a range of events as well as a number of extra and optional features, Budget Direct’s Home and Contents Insurance is a top value option for homeowners looking to get the most out of cover for their home and valuables.

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Any catches

While Budget Direct provides a generous level of cover for a number of possessions, the policy does not cover landscaping costs such as the replacement of trees and shrubs in your garden should they be damaged.

Details

Rates and fees information correct as at 21 September 2021. 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.
Policy and service features

60

Optional Extra - Up to 25% of building sum insured

Yes

$100

true

n/a

30% online discount

Yes

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

Up to $1,000

Up to $20,000,000

n/a

n/a

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

Buildings

Yes

Up to $1,000

No

Yes

Contents

Up to $800 in total

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 and demolition costs

Up to 10% of sum insured combined with demolition cost and emergency storage

Up to 10% of sum insured combined with debris removal cost and emergency storage

Up to 10% of sum insured

Up to 14 days for contents

Up to 20% of sum insured

*Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

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