Budget Direct Contents Insurance
Get 15% off
- Fire, storm & theft cover
- Jewellery cover
- Home office cover
Updated . What changed?
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Whether you own your home or you're renting, contents insurance provides crucial financial protection for all your most treasured possessions. Read on to find out what to look out for in a policy and what you'll be covered for. Plus, compare contents insurance policy features from Aussie insurers.
Compare benefits of up to 4 different contents policies by checking the "Compare" box. After you've found a policy that's right for you, select "Get a quote" and we'll take you directly to the brand's website.
Contents insurance covers the cost of repairing or replacing your possessions when they are stolen or damaged due to an insured event. It covers everything from furniture and appliances to handbags, jewellery and even your TV, offering financial protection if any of your items are damaged due to fire, storm, flood,theft and a wide range of other risks.
There are two types of policies available:
Contents insurance is designed to cover damage to or loss of the contents of your home. This includes cover for a wide range of items, such as:
The best policies will cover your personal possessions against a wide range of events, including:
Finally, contents insurance also offers a range of additional benefits:
The cost of contents insurance will depend on the value of your stuff, or how much of it you actually want covered. We got a bunch of quotes for contents worth $20,000 and $50,000 so you can get an idea of how much it can cost you on a monthly or yearly basis.
Yes, contents insurance can provide cover for your personal valuables, including items such as jewellery, smartphones, computers, cameras and more. However, it’s important to be aware of any limits that apply to cover – for example, your laptop may be worth $3,000, but your insurer may only pay a maximum benefit of $1,500 for any one item.
Keep an eye out for portable valuables or portable contents insurance, which is included as standard on some policies but available as an extra-cost option on others. This provides cover for those important items you often take with you when you leave home. You can protect them against theft, accidental loss, or damage at home, when you’re away from home travelling in Australia or New Zealand, or overseas anywhere in the world for a limited period of time (typically 30 days).
If you’re looking for cover for your smartphone, computer, camera or other important electrical items, look for a policy that provides cover for portable contents. This ensures that those gadgets you take with you anywhere you go are covered at home and away from home, providing cover for theft and accidental loss and damage.
If you need to put some or all of your contents into a storage facility for a few months or longer, the good news is that many contents insurance policies will provide cover for your possessions while in storage. This means you’ll be protected if your belongings suffer loss or damage due to any insured event, for example fire, storm, theft and flood.
However, terms and conditions apply. For example, your stuff may need to be stowed in a lockable and fully enclosed storage unit that is located in a commercial storage facility and accessible only by you.
If you need to put stuff into storage so you can renovate, downsize or just find some extra space at home, contact your insurer to find out whether they’ll cover you.
When comparing policies, keep an eye out for the following features:
The right level of cover depends on a few important factors:
To help work out exactly how much cover you need, it’s often helpful to create a checklist of all the items you want to protect. Go through your house one room at a time and make a list of all the important belongings you need to insure. For example, in a living room this list might include:
By listing all the items you want to cover and tallying up their combined value, you’ll gain a much clearer idea of how much your contents are worth. Then you can think about how you would afford to replace them if disaster struck, for example if you lost everything in a fire. Planning for this sort of worst-case scenario will help you work out exactly how much contents insurance is enough.
It can be easy to end up with contents insurance without really thinking about the amount of money you would need to replace everything you own.
Remember, it’s not just the big items you need to include, such as furniture, whitegoods, TVs and computers. Other things, like small appliances, clothing, jewellery, curtains, rugs, books, toys, kitchen items, linen, musical instruments and sports equipment, will all be expensive to replace and should be included in your estimate. And don’t forget items outside the house, such as tools, barbecues, lawnmowers and furniture.
When comparing contents insurance, it’s also important to be aware of what a policy doesn’t cover. These are the general exclusions, and the product disclosure statement (PDS) will contain a list of situations, circumstances and events where no cover will be available, such as:
Check the PDS for a full list of the exclusions that apply to your policy.
That’s the million-dollar question, and one most homeowners have asked themselves at one point or another. To find the answer, take a moment to think about what would happen in a worst-case scenario, such as if your house burned down and you lost everything. The emotional impact would undoubtedly be huge, but what about the financial impact?
Would you be able to afford to replace all your worldly possessions – furniture, clothing, white goods, TV and all those other essential items that make your house a home?
For most people the answer is a big fat no, which is why contents insurance is a worthwhile investment. Like any other type of insurance, it’s something you hope you will never actually have to use, but paying for cover is just one of life’s necessary expenses. So if the unthinkable does happen and something goes wrong, you can enjoy the peace of mind that comes with knowing you will be financially protected.
Want to reduce your contents insurance premiums? There are several simple ways you can cut down on the cost of cover, such as:
If you’re renting a home, you don’t need to worry about insurance cover for the actual building you live in – that’s the landlord’s responsibility. However, you do need to worry about insurance cover for all your stuff inside the house, like your furniture, white goods, electrical appliances, clothing and more.
The good news is that many Australian insurers offer specific contents-only insurance policies designed to suit the cover needs of renters. These policies can protect your belongings against loss or damage caused by a wide range of risks, including fire, theft, storm, vandalism, accidental damage and even flood. There’s also cover for your legal liability if someone suffers an injury at your home.
Check out our guide to renter’s insurance for more information on how to compare and choose a policy as a tenant.
As a landlord, you might be wondering whether you need any cover for your investment property. Sure, home insurance is essential to cover the building itself and any permanent fixtures, but what benefits does contents insurance offer for a landlord?
Well, it can cover all the items you own at the property, including:
It provides protection against loss or damage due to fire, storm, theft, vandalism, flood and a wide range of other insured events, while also covering theft or malicious damage caused by tenants.
Combined with all the usual benefits that home insurance has to offer, not to mention protection against loss of rental income caused by a range of events, the purpose of comprehensive landlord insurance becomes clearer. For more details on choosing a policy, check out our comprehensive guide to landlord insurance.
If you need to make a claim on your contents insurance, your insurer will be able to provide details on how to lodge your claim. You will generally need to:
There are also a few different ways in which an insurer may settle your claim. They may:
Love your handbag? Handbag insurance is a good way to show it.
Get protection for your high-value electronics and whitegoods with home and kitchen appliance insurance.
Find out the ins and outs of art insurance and what type of cover is right for you.
Find out more about watch insurance and how to get cover.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.