Budget Direct Landlord Insurance Review

Current offer for Budget Direct landlord insurance

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30% online discount on new home and contents landlord insurance

Save 30% on your first year's premium when you purchase a new combined home and contents landlord insurance policy cover online. T&Cs apply.

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Tenant Default and Damage (low-high)Tenant Default and Damage (high-low)Loss of Rent (low-high)Loss of Rent (high-low)Cooling-off Period (low-high)Cooling-off Period (high-low)Cheapest way to pay (low-high)Cheapest way to pay (high-low)

Product	Tenant Default and Damage	Loss of Rent	Accidental Damage	Sum Insured Safeguard	Cooling-off Period	Cheapest way to pay
Budget Direct Landlord Home & Contents Insurance	Optional	10% of the sum insured amount of your property		Optional	21 days	Annually	Save 30% on your first year's premium when you buy a combined home and contents policy online. T&Cs apply.	Get a quoteView details Compare	loading Fetching your data...
Budget Direct Landlord Contents Insurance	Optional	No			21 days	Annually	Save 15% on your first year's premium when you buy a contents insurance policy online. T&Cs apply.	Get a quoteView details Compare	loading Fetching your data...
Budget Direct Landlord Building Insurance	Optional	10% of the sum insured amount of your property		Optional	21 days	Annually	Save 15% on your first year's premium when you buy a home only policy online. T&Cs apply.	Get a quoteView details Compare	loading Fetching your data...

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What does Budget Direct landlord insurance cover?

There are three levels of landlord cover available with Budget Direct: building insurance, contents insurance, and combined building and contents insurance.

Here's some of the main events a policy can cover you for:

It's underwritten by Auto & General Insurance Company Limited and comes with a cooling-off period of 21 days. This means if you want to cancel within this timeframe from taking out a policy, you won't be charged, as long as you haven't made a claim. You'll also need to pay an excess when you make a claim.

Budget Direct landlord insurance features

FAQs about Budget Direct landlord insurance

• Who is eligible for a Budget Direct landlord insurance policy?

  To be eligible, you need to be at least 16 years of age and have an Australian mailing address (or have one in the next 30 days) and reside or own property in Australia. Policies are generally not suitable for:

  • Homes in the Northern Territory or above the Tropic of Capricorn (excluding the Greater Rockhampton area)
  • Hotels and other multi-occupancy dwellings
  • Caravans, cars, trailers, mobile homes or shipping containers
  • Homes that have asbestos roofs
  • Homes that are under construction and not at lock-up stage
  • Anyone who has been convicted of arson or fraud or has had their previous insurance denied due to fraud

• Do I have legal liability with Budget Direct?

  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.

• Am I covered for floods with Budget Direct?

  Yes, Budget Direct landlord insurance offers flood coverage as an optional extra.

• How do I make a claim with Budget Direct landlord insurance?

  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.

  Ph: 1800 069 336

  Website: budgetdirect.com.au

• 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.

Written by

Gary Ross Hunter

Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

Gary Ross's expertise

Gary Ross has written 620 Finder guides across topics including:

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