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Budget Direct Home Buildings Insurance

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

Last updated: 15 December 2020.

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What's hot
  • 15% online discount
  • Underinsurance optional extra (up to 25% of sum insured)
  • Can add flood cover as an optional extra
What's not
  • Monthly payments cost cost extra
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Whether you’re moving into your new home or want to switch home insurance policies, Budget Direct’s Home Building Insurance could be the policy for you. This building insurance policy will cover you for major natural disasters, like fire, lightening and explosions, with flood and fusions listed as optional extras. And if you sign up online, you’ll receive a 15% discount on your first year's premium!

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Key features

The Budget Direct Home Buildings Insurance policy can help give your home the TLC it needs when disaster strikes. With this policy, you’ll be covered for building and structural improvements as well as events like accidental breakage of glass, impact damage, theft and even vandalism.

There’s also cover for a range of natural phenomenon like fires, lighting, storms and earthquakes, plus, you’ll have the option to add cover for flood or fusions onto your policy. Just keep in mind that there is no cover for power or storm surges, and lock replacement is also an optional extra.

But Budget Direct Building Insurance isn’t just about your house. You’ll also be covered for some of the little extras that might come along with an event that impacts your home -  cover of up to $7,000 for funeral or injury, up to 10% of the sum insured for temporary accommodation (including 12 months accommodation for pets), up to 10% of sum insured for both debris removal and demolition cost and cover for temporary repairs.

When it comes to features that help you choose how to pay for your Budget Direct Building Insurance, there’s plenty on offer. From a 15% online discount, to having your choice of excess and a 24/7 claims service, this is a pretty handy policy to keep in your pocket.

Just a couple of things to keep in mind - while there is the option to pay your premium in monthly instalments instead of annually in a lump sum, it will cost extra to do so. And if you want to be covered for underinsurance, you’ll need to add this as an extra.

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Who is it good for

The Budget Direct Home Buildings Insurance policy is a great choice for homeowners who want to protect their home against almost all major disasters and don’t mind paying their premium annually. And because this is just a buildings insurance policy, it also might be a good choice for landlords who don’t need cover for belongings inside the house.


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Any catches

While this policy provides cover across a range of events, homeowners will not be covered for power and storm surges.

Details

Rates and fees information correct as at 5 March 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.
Buildings
  • Yes

  • Up to $1,000

  • No

  • Yes

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

Policy and service features
  • 60

  • Optional Extra - Up to 25% of sum insured

  • Yes

  • $100

  • true

  • no

  • 15% online discount

  • Yes

  • Up to $20,000,000

  • none

  • none

Other cover
  • Up to $7,000 funeral expenses

  • No

  • 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 demolition cost

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

  • No

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
6.9/10
Value for money
7.4/10
Policy coverage
6.8/10
Customer service
7.1/10
Claims handling
6.1/10
Trust
6.5/10

Latest reviews of Budget Direct Home Buildings Insurance

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