Budget Direct Home Buildings Insurance

Optional extra

Budget Direct Home Buildings Insurance

Optional extra

Mozo Review   Budget Direct Home Buildings Insurance Review

Last updated: 22 October 2019.

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 Buildings 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!fu

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.

Who it's 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.


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 14 December 2019. 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

Customer Reviews

How are Budget Direct home insurance rated by the Mozo community?

Overall customer rating
7.7/10
Value for money
7.8/10
Policy coverage
7.2/10
Customer service
7.7/10
Claims handling
6.9/10
Trust
7.2/10

Latest reviews of Budget Direct Home Buildings Insurance

  • Overall
    8/10
    Great rates.

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

    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

    Graham | New South Wales

    reviewed 9 days 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...

    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

    Jimmy | Victoria

    reviewed 19 days ago

  • Overall
    9/10
    Quick resolution to issues

    we had to claim and they actually do call back to check on everything

    we had to claim and they actually do call back to check on everything

    Value for money
    8/10
    Policy coverage
    -
    Customer service
    -
    Claims handling
    -
    Trust
    -

    Ben | Queensland

    reviewed over 2 years ago

  • Overall
    8/10
    Great rate, no issues so far

    Great rate, no issues so far.

    Great rate, no issues so far.

    Value for money
    10/10
    Policy coverage
    7/10
    Customer service
    7/10
    Claims handling
    -1/10
    Trust
    8/10

    Bianca | Queensland

    reviewed over 4 years ago

  • Overall
    1/10
    All take, no give

    I dislike this insurer as it was quick to take my policy money but then didn't pay out when I...

    I dislike this insurer as it was quick to take my policy money but then didn't pay out when I made a legitimate claim. They weaselled out of it with a technicality. I have now left them. They give insurance companies a bad name.

    Value for money
    5/10
    Policy coverage
    6/10
    Customer service
    4/10
    Claims handling
    0/10
    Trust
    1/10

    Kym | Tasmania

    reviewed over 5 years ago

Budget Direct

About Budget Direct

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