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Budget Direct Home Buildings Insurance

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

Last updated: 27 May 2020.

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What's hot
  • 15% online discount
  • Underinsurance optional extra (up to 25% of sum insured)
  • Can add flood as an optional extra
What's not
  • No option to pay monthly at no extra cost
Mozo snapshot

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 surge and lock replacement.

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 and lock replacement.


Details

Rates and fees information correct as at 20 September 2020. 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
  • Up to $1,000

Events
  • Optional extra

  • Optional extra

  • Optional Extra, up to 10 years old

Policy and service features
  • 60

  • Optional Extra - Up to 25% of sum insured

  • $100

  • 15% online discount

  • Up to $20,000,000

Other cover
  • Up to $7,000 funeral expenses

  • 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

*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
7.3/10
Value for money
7.6/10
Policy coverage
7.0/10
Customer service
7.3/10
Claims handling
6.4/10
Trust
6.8/10

Latest reviews of Budget Direct Home Buildings Insurance

  • Overall 1/10
    Not having insurance was cheaper than BD

    The policy was cheap and seemed like a bargain. When lodging a claim, their process took over 24 months. They asked me to cash settle for a fraction of the repair cost. I said that I just wanted the damage caused by the storm fixed. They bumped up the cash settlement figure which was still very low and said that they couldn't fix as "they were not able to guarantee the workmanship for the next 10years." - they use this to get out of fixing damages, and instead urging customers to accept a low offer and get somebody cheap/not very qualified in to repair the damage. They sub-contract all the insurance to "Auto & general". Auto&General further subcontract out the policy to another company. There are a fair few middlemen cashing-in on the policy, that would originally be extremely cheap. They don't offer you real cover, instead, they prey on the ignorance customers that don't have the ability to contest their lies.

    Read full review

    The policy was cheap and seemed like a bargain. When lodging a claim, their process took over 24 months. They asked me to cash settle for a fraction of the repair cost. I said that I just wanted the damage caused by the storm fixed. They bumped up the cash settlement figure which was still very low and said that they couldn't fix as "they were not able to guarantee the workmanship for the next 10years." - they use this to get out of fixing damages, and instead urging customers to accept a low offer and get somebody cheap/not very qualified in to repair the damage. They sub-contract all the insurance to "Auto & general". Auto&General further subcontract out the policy to another company. There are a fair few middlemen cashing-in on the policy, that would originally be extremely cheap. They don't offer you real cover, instead, they prey on the ignorance customers that don't have the ability to contest their lies.

    Value for money
    9/10
    Policy coverage
    5/10
    Customer service
    1/10
    Claims handling
    1/10
    Trust
    1/10
    Less
    James, Western Australia reviewed 5 days ago
  • Overall 1/10
    Beware of budget direct

    All good when just paying premiums. It’s when you make a claim that you know how bad budget direct really are. I ended up waiting 8 months, and having to go through AFCA just to get a basic claim settled. Even if you have to pay a little more, worth going elsewhere for proper cover.

    Read full review

    All good when just paying premiums. It’s when you make a claim that you know how bad budget direct really are. I ended up waiting 8 months, and having to go through AFCA just to get a basic claim settled. Even if you have to pay a little more, worth going elsewhere for proper cover.

    Value for money
    3/10
    Policy coverage
    3/10
    Customer service
    1/10
    Claims handling
    1/10
    Trust
    1/10
    Less
    Ross, Victoria reviewed 10 days ago
  • Overall 1/10
    Total waste of time, go with a reputable company.

    They are a total waste of time.

    Read full review

    They are a total waste of time.

    Value for money
    3/10
    Policy coverage
    2/10
    Customer service
    4/10
    Claims handling
    -1/10
    Trust
    1/10
    Less
    Paul, Queensland reviewed about 2 months ago
  • Overall 8/10
    Great rates.

    Budget Direct have very competitive rates. We've been with them for 2 years and they seem great.

    Read full review

    Budget Direct have very competitive rates. We've been with them for 2 years and they seem great.

    Value for money
    9/10
    Policy coverage
    9/10
    Customer service
    9/10
    Claims handling
    -1/10
    Trust
    9/10
    Less
    Graham, New South Wales reviewed 10 months ago
  • Overall 0/10
    Great at taking your money.Terrible when it counts

    We purchased an older house recently and insured it with Budget Direct. It was burgled and all the copper was stripped in the kitchen, bathroom and laundry. Initially Budget Direct accepted the claim. However once the assessor came out and saw the extent of the damage they changed their mind and rejected the claim. The reason given was ‘we don’t insure houses with an asbestos roof.’ The assessor even lied by saying no insurance company would provide cover for a house with an asbestos roof, a claim easily refuted by calling RACV. What this has to do with being burgled we cannot understand. Being robbed is pretty distressing and the reason you take out insurance. Budget Direct canceled our policy without paying a cent. They left us with an unliveable house and abandoned us in our time of need. All the positive reviews focus on their cheaper prices. The true value of an insurance company should be judged by how they behave when you submit a legitimate claim.

    Read full review

    We purchased an older house recently and insured it with Budget Direct. It was burgled and all the copper was stripped in the kitchen, bathroom and laundry. Initially Budget Direct accepted the claim. However once the assessor came out and saw the extent of the damage they changed their mind and rejected the claim. The reason given was ‘we don’t insure houses with an asbestos roof.’ The assessor even lied by saying no insurance company would provide cover for a house with an asbestos roof, a claim easily refuted by calling RACV. What this has to do with being burgled we cannot understand. Being robbed is pretty distressing and the reason you take out insurance. Budget Direct canceled our policy without paying a cent. They left us with an unliveable house and abandoned us in our time of need. All the positive reviews focus on their cheaper prices. The true value of an insurance company should be judged by how they behave when you submit a legitimate claim.

    Value for money
    5/10
    Policy coverage
    0/10
    Customer service
    0/10
    Claims handling
    0/10
    Trust
    0/10
    Less
    Jimmy, Victoria reviewed 10 months ago
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