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!
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.
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.
While this policy provides cover across a range of events, homeowners will not be covered for power and storm surges.
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Yes |
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Up to $1,000 |
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No |
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Yes |
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Optional Extra |
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Yes |
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Yes |
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Yes |
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Yes |
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Optional Extra |
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Yes |
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Optional Extra, up to 10 years old |
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No |
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Yes |
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Yes |
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No |
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Yes |
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Yes |
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Yes |
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Yes |
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60 |
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Optional Extra - Up to 25% of sum insured |
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Yes |
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$100 |
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true |
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no |
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15% online discount |
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Yes |
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Up to $20,000,000 |
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none |
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none |
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Up to $7,000 funeral expenses |
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No |
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Up to 10% of sum insured, up to 12 months. Combined with temporary accommodation for pets. |
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Up to 10% of sum insured, up to 12 months. Combined with temporary accommodation. |
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Up to 10% of sum insured combined with demolition cost |
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Up to 10% of sum insured combined with debris removal cost |
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Up to 10% 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.
I have found budget direct the best insurance company around for service and value. I recommend this company any time.for car or home insurance
Read full reviewI have found budget direct the best insurance company around for service and value. I recommend this company any time.for car or home insurance
The claim is pushed to third-party building companies who con and scam the customer. Terrible company to trust with claims as they do everything possible to bully customers and not repair damages... lie cheat and scam policy holder's. A very unreliable cheep fraudulent insurance company.
Read full reviewThe claim is pushed to third-party building companies who con and scam the customer. Terrible company to trust with claims as they do everything possible to bully customers and not repair damages... lie cheat and scam policy holder's. A very unreliable cheep fraudulent insurance company.
Rates are comparable. However I had an issue with a claim that wasn't handled well. It finally got sorted but took quote awhile and many phone conversations with assessors and the company. I also dislike the automatic renewal. I have requested numerous times to not have this but each time I have to go through the process of eliminating this. The reason I have continued to use them as generally they are price competitive. Customer service is generally pretty good.
Read full reviewRates are comparable. However I had an issue with a claim that wasn't handled well. It finally got sorted but took quote awhile and many phone conversations with assessors and the company. I also dislike the automatic renewal. I have requested numerous times to not have this but each time I have to go through the process of eliminating this. The reason I have continued to use them as generally they are price competitive. Customer service is generally pretty good.
Very good so far.
Read full reviewVery good so far.
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? Brooke said she didn't know why. Brooke 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.
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? Brooke said she didn't know why. Brooke 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.