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Budget Direct Home Buildings Insurance

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Important information on terms, conditions and sub-limits
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 19 October 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

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.

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