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.
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.
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.
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.
| 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 |
| Optional Extra | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| Optional Extra | |
| Yes | |
| Optional Extra, up to 10 years old | |
| No | |
| Yes | |
| Yes | |
| No | |
| Yes | |
| Yes | |
| Yes | |
| Yes |
| Yes | |
| Up to $1,000 | |
| No | |
| Yes |
| 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 |
| 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 on the provider's website for further information before making any decisions about an insurance product.
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).
I have been with BD for well over 10 years.....their customer service is excellent, their product appears to be sound and I trust them and would recommend them to others, my gripe is the increase in premium from $1205 for house and contents to $1455. I haven't made a claim. I get a 3% increase yearly, inflation is running at a similar figure and yet my insurance goes up over 20% when I made no claims.
Read full reviewI have been with BD for well over 10 years.....their customer service is excellent, their product appears to be sound and I trust them and would recommend them to others, my gripe is the increase in premium from $1205 for house and contents to $1455. I haven't made a claim. I get a 3% increase yearly, inflation is running at a similar figure and yet my insurance goes up over 20% when I made no claims.
When l took my building and content policy over 3 years ago, l was given such poor options to reduce my premiums all having expensive excess options. Unfortunately l chose a high excess of $3000 to get my monthly payments to $206 per month as the lower excesses meant very high monthly payments back then. Move forward 3 years, Budget have adjusted their rates unbeknown to me until l tried to make a claim. They now have new rates and had l been paying an additional $15 more a month could have had my excess to $750 instead of $3000 Thanks a lot Budget for looking after your existing customers. A short email suggesting that we your loyal customers review your rates would have been appreciated. Budget want to argue that l chose it, the features and costs were different at the time, but why on earth would l opt to have a $3000 when l could have reduced it by 75% for $15 a month. The answer is poor advice or different cover features now applicable. Look after you existing customers before chasing new one!
Read full reviewWhen l took my building and content policy over 3 years ago, l was given such poor options to reduce my premiums all having expensive excess options. Unfortunately l chose a high excess of $3000 to get my monthly payments to $206 per month as the lower excesses meant very high monthly payments back then. Move forward 3 years, Budget have adjusted their rates unbeknown to me until l tried to make a claim. They now have new rates and had l been paying an additional $15 more a month could have had my excess to $750 instead of $3000 Thanks a lot Budget for looking after your existing customers. A short email suggesting that we your loyal customers review your rates would have been appreciated. Budget want to argue that l chose it, the features and costs were different at the time, but why on earth would l opt to have a $3000 when l could have reduced it by 75% for $15 a month. The answer is poor advice or different cover features now applicable. Look after you existing customers before chasing new one!
After being a long term customer, holding four (4) separate policies, I submitted a claim. I had a tenant cause $16,783.38 in malicious damage (holes in walls/ broken windows/ recked the carpet/ recked the blinds/ removed internal doors/ broke the front door so it couldn't be closed/ and the list goes on). After providing all information including police report and photographic evidence, Budget Direct applied two (2) separate excesses (valuing $2920), want to honour a compensation payment of only $1,699.54. (Just little over the annual policy premium value) I believe this is grossly inadequate and proof that their policies, despite covering malicious damage in the PDS, is virtually worthless. ***BEWARE***
Read full reviewAfter being a long term customer, holding four (4) separate policies, I submitted a claim. I had a tenant cause $16,783.38 in malicious damage (holes in walls/ broken windows/ recked the carpet/ recked the blinds/ removed internal doors/ broke the front door so it couldn't be closed/ and the list goes on). After providing all information including police report and photographic evidence, Budget Direct applied two (2) separate excesses (valuing $2920), want to honour a compensation payment of only $1,699.54. (Just little over the annual policy premium value) I believe this is grossly inadequate and proof that their policies, despite covering malicious damage in the PDS, is virtually worthless. ***BEWARE***
Great price but when you need to claim they pick faults in issues that have nothing to do with claim and insist they are fixed at great cost to you prior to paying out on a small claim. Very disappointed, this company does not look after customers when you actually need them. Beware!
Read full reviewGreat price but when you need to claim they pick faults in issues that have nothing to do with claim and insist they are fixed at great cost to you prior to paying out on a small claim. Very disappointed, this company does not look after customers when you actually need them. Beware!
Budget Direct Home Insurance. After three years with them, never a claim. My concern was every year the premium was increased. 2nd year $27.44 3rd year $240.56 From the initial premium $480.34 to $748.34 I rang them up & asked why the sharp increase? She said she didn't know why. She wouldn't amend to a more competitive rate. I asked twice to keep my business but it fell on deaf ears & she was happy to close my insurance renewal. I cancelled my renewal to a more solid & people interested insurer. Western Australia 1 June 2021
Read full reviewBudget Direct Home Insurance. After three years with them, never a claim. My concern was every year the premium was increased. 2nd year $27.44 3rd year $240.56 From the initial premium $480.34 to $748.34 I rang them up & asked why the sharp increase? She said she didn't know why. She wouldn't amend to a more competitive rate. I asked twice to keep my business but it fell on deaf ears & she was happy to close my insurance renewal. I cancelled my renewal to a more solid & people interested insurer. Western Australia 1 June 2021