Building Insurance. Cover your home and anything attached, including pipes, cables, ducting, wires, switches, meters, fixed appliances, carports, patios, paved paths, driveways and other permanent fixtures (like pools and spas).
Contents Insurance. Cover all your contents, including carpets, curtains, blinds, furniture, furnishings, non-permanent light fittings, removable domestic appliances, utensils, swimming pools and their accessories.
Building & Contents Insurance. You can combine both policies for complete protection of your home and its contents.
How does each cover type compare?
Scorching or melting, or burns that do not result in a fire
Repairing or replacing the item that exploded
Theft or attempted theft
Theft by you, someone on your behalf, a tenant or their guest (unless included as an optional extra)
Accidental breakage of glass, ceramic or sanitary fixtures
Greenhouses and conservatories, and any damage that doesn’t extend through thickness of the glass (scratches, chips, etc)
Storm and rain water
Loss or damage due to flood (unless included as an optional extra)
Power surges not caused by lightning strike
Loss or damage from any resulting tsunami
Sudden and unexpected escape of liquid
Repair or replacing item that caused escape, or any escape that was known and could have reasonably been prevented
Tree lopping done by you or someone on your behalf
Removal of debris and rebuild costs
Removal of debris that have not caused damage
Cover ends once your home is deemed liveable, or 10% of sum insured - up to 12 months, whichever happens first
Mortgage discharge costs
Penalty fees or charges imposed by credit provider
Modifications to your home as a result of paraplegia or quadriplegia
Cover applied only if you have been diagnosed as permanent and irreversible by an appropriately qualified medical practitioner registered in Australia
Death that occurs more than 90 days after initial injury
Replacement of locks and keys
Motorised vehicles and cost if you do not report theft of keys to police
Contents in the open
Cash or financial documents, tablets and personal computers, phones and contents on display for sale
Temporarily removed contents
Contents outside of Australia, or contents removed for longer than 90 days
Contents when moving house
Contents transported by sea or in a removalist vehicle, and contents at new address (unless covered by a policy)
Credit or financial transaction card
Any amount your credit provider or bank reimburses you, and any loss you did not notify your credit provider about
Unattached equipment, spare parts or accessories
Aircraft and accessories, or items attached to a vehicle
Contents of guest and visitors
Cash, financial documents, phones, tablets and personal computers
What additional cover options are there?
Tenant Default – Protect yourself against tenant default. Should your tenant be unable to make rental payments, or leaves without notice, you will be covered for a period of 12 months or until rental payments are resumed, whichever happens first.
Tenant Theft and Malicious Damage – Cover any damage or loss committed by your tenant or their guests with this additional extra.
Flood Cover – Cover extends on your insured sum by an additional 25% to cover any damage or loss due to flood.
Sum Insured Safeguard – Should your insured sum not be enough to replace or repair the damage to your home, this optional extra extends your cover by an additional 25%.
Do I have legal liability?
Yes. All policies have a limit of $20,000,000 from any legal claims and costs, and extends to your building if you are required to pay compensation for death or injury on your property, and landlord contents that cause death or injury.
What excess do I need to pay?
For each claim you make you may be required to pay an excess (unless otherwise outlined in your policy). For example, if a fire has damaged your house, you would need to claim for the damage and pay an excess.
How do I make a claim?
Once you have contacted any required emergency services and taken every precaution to prevent further loss, damage or injury, contact Budget Direct 24/7 either online or over the phone to begin the claims process and access your policy benefits.
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