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
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
No
No
Up to 20% of sum insured
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 would not recommend to anyone. In fact, watch out who you are insuring and what is covered. There is no transparency with this insurance, you will be given different answer every time you call. So disappointed with Budget Direct. I even got charged fees when I cancelled the policy which is of no use.
Read full reviewI would not recommend to anyone. In fact, watch out who you are insuring and what is covered. There is no transparency with this insurance, you will be given different answer every time you call. So disappointed with Budget Direct. I even got charged fees when I cancelled the policy which is of no use.
I like the coverage and price charged for the product. It is straightforward to know what I am insured for.
Read full reviewI like the coverage and price charged for the product. It is straightforward to know what I am insured for.
We had a house fire and lost everything. I don't live at the home, my wife and four kids do, and because I have a criminal record the insurance was cancelled. My wife and four kids are left homeless because of this, both names were on the policy and after a full investigation they found out about my record and cancelled the policy. Four months after the fire they made this decision and they said they will pay two more weeks rent and that's it.
Read full reviewWe had a house fire and lost everything. I don't live at the home, my wife and four kids do, and because I have a criminal record the insurance was cancelled. My wife and four kids are left homeless because of this, both names were on the policy and after a full investigation they found out about my record and cancelled the policy. Four months after the fire they made this decision and they said they will pay two more weeks rent and that's it.
I received my Home/Contents Renewal with a quote of $2,700! Marginally more than last year, but as we are a little less financial this year than last year (post Covid19) I thought I would do a little shopping around on comparethemarket.com.au and Budget Direct quoted $1,300!!! I called to enquire and the rep took $500 off the premium with one phone call which was still $2,200. After finalising the process of the online quote and calling AGAIN, the quote was reduced to $1,600. That's $900 less than I paid last year and what was being asked again this year. ABSOLUTELY DISGUSTING!! If you can rob your customers like this, you are not to be trusted. Incidentally, I have managed to get the same Policy with St George Insurance for $1,300 with no extra charges to pay monthly.
Read full reviewI received my Home/Contents Renewal with a quote of $2,700! Marginally more than last year, but as we are a little less financial this year than last year (post Covid19) I thought I would do a little shopping around on comparethemarket.com.au and Budget Direct quoted $1,300!!! I called to enquire and the rep took $500 off the premium with one phone call which was still $2,200. After finalising the process of the online quote and calling AGAIN, the quote was reduced to $1,600. That's $900 less than I paid last year and what was being asked again this year. ABSOLUTELY DISGUSTING!! If you can rob your customers like this, you are not to be trusted. Incidentally, I have managed to get the same Policy with St George Insurance for $1,300 with no extra charges to pay monthly.
I was after an explanation as to why the renewal premium on our personal effects had increased by 73% as the sum insured had not changed. We had not made a claim during the year. Five phone attempts were made. One hung up because I got angry with her for reading from a pre determined general answer. Another tried very hard to help but didn't really understand the problem and we agreed to part ways. The first two calls were with South Africans. The other three made with the Underwriter disconnected me after trying to find but not being able to give an explanation. On each of these occasions they tried from other sources but after waiting for an eternity for them to answer they disconnected. I can therefore only interpret the premium increase as a money grab. Their service to give me cover for the first time was excellent. Their service when it came to a reasonable question was shameful and incompetent. It is all about money, not service.
Read full reviewI was after an explanation as to why the renewal premium on our personal effects had increased by 73% as the sum insured had not changed. We had not made a claim during the year. Five phone attempts were made. One hung up because I got angry with her for reading from a pre determined general answer. Another tried very hard to help but didn't really understand the problem and we agreed to part ways. The first two calls were with South Africans. The other three made with the Underwriter disconnected me after trying to find but not being able to give an explanation. On each of these occasions they tried from other sources but after waiting for an eternity for them to answer they disconnected. I can therefore only interpret the premium increase as a money grab. Their service to give me cover for the first time was excellent. Their service when it came to a reasonable question was shameful and incompetent. It is all about money, not service.
