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House Insurance

Ready to Budget?

Get Covered Today.


Save up to R408pm* with us!

Get a Cash Back Bonus


Simply add the Cash Back Bonus to your Budget Insurance policy and if you remain claim free for two years, we’ll reward you by giving you money back.

House Insurance Benefits


Assist Benefits


Get Home Assist, along with all of our other helpful Assist Benefits, when you take out House Insurance with us.



15% of Your Premiums Back


Who wouldn’t want a payout in a couple of years’ time? Stay claim-free for two years in a row and we’ll pay 15% of your premiums back.



Homeowner’s Liability Cover 


You can extend your homeowner’s liability cover up to R5 million, R10 million, or R20 million if you want to make extra sure you’re adequately covered


For most people, their house is the most valuable asset they will ever own. It can take months to save enough money for a deposit for a home, years to fix it up just like you want it, and a generation to pay it off.



Why is house insurance so important?

If something were to destroy your home, would you have enough money to fix it without insurance? If your answer is ‘no’, you need house insurance, also known as building insurance.


There are countless risks that could wreak havoc on or even wreck your home. Natural occurrences like a fire, flood, storm, or earthquake could happen at any time. Criminals never stop ‘working’ and could damage your property while trying to break in. Even a car crashing into your perimeter wall isn’t unheard of.



Why get a House Insurance quote with Budget?

With House Insurance from Budget, you can protect yourself financially from these risks and many more. We also cover:


  • Power surges and dips.
  • Falling trees as long as they’re not being felled.
  • Damage caused by wild animals.
  • Malicious and intentional damage.
  • Subsidence of land (check out the FAQs further on for more info on this).
  • Damage to or caused by water-heating systems, like the geyser, solar panels, or boiler. As long as your insurance schedule specifically states you have this cover, that is.


All of this includes the main building on your property, any additional structures, like cottages, garages, outbuildings, the tennis court, the swimming pool, walls, fences, and gates.


If you experience any of these unfortunate events, all you need to do is call us and one of our friendly consultants will lodge your claim for you. We’ll have a quick run-through of the details with you, make a note of what was damaged, and sort out the rest while you take it easy.


Once your claim is approved, we’ll either pay you out in cash or assist with finding a professional who can repair or replace your damaged property. And you know our House Insurance quotes are also affordable, ‘cos you can’t afford not to!

More About House Insurance

Homeowners insurance


If you rent out property, what insurance are you still liable to pay? Find out here with our guide to homeowners insurance coverage.



Home building insurance


Your home has completely separate needs from that of your business property. We go through the differences between the two and why you need a building insurance quote for each.


Mortgage protection insurance


We don’t offer it, but as an insurer that cares about you and your loved ones, we feel mortgage protection insurance is vital. Find out why. 


Property Insurance Benefits



Cover Under One Roof


Completely insure your home under one roof. With us, you can cover your house and all the valuable contents inside it.



Loss of Rent


We cover the loss of rent if your tenants have to temporarily move out due to property damage while you repair it.



Fire Brigade Charges


We pay the fire brigade charges if your house is ablaze and the fire department comes to the rescue.

Frequently Asked Questions

What is the difference between house insurance and building insurance?

House insurance and building insurance are the same kind of cover – the only difference is in their names.

This kind of insurance is designed to protect your home from a wide range of risks. These can be minor, like a damaged lock from a break-in or a smashed window from a storm. Others are major, like a fire that blazes through your entire home. Either way, this cover is designed to keep you from being out of pocket if something happens to your house.

What is subsidence of land?

Subsidence of land is a technical term that means the ground is sinking. There are many things that can cause this, such as earthquakes and erosion, and the removal of water, natural gas, or natural resources. We’ll cover you if subsidence damages your property as long as it’s not because of the following causes:

  • Excavations.
  • Alterations to the structure.
  • Infill compacting.
  • A badly designed structure or poor workmanship on it.
  • Normal ground settlement or movement.

Is house insurance a requirement for a home loan?

Banks and other lending institutions that offer home loans will require you to have house insurance for as long as you have a mortgage with them. In fact, they won’t give you a bond until you accept a house insurance quote. This doesn’t need to be with the bank – as long as you have cover with a reputable house insurer, like Budget.

Are my carpets covered under Budget’s House Insurance?

Wall-to-wall carpets – the ones that are permanently attached to the floor of your property – are covered under our House Insurance. In fact, anything that is an immovable part of your property, such as the buildings and everything within those structures, will be insured under our House Cover. Loose carpets and rugs, however, will need to be covered under a Home Contents Insurance policy.

How do I work out the replacement value for my house?

The replacement value of your house is not the same as its market value. When calculating its replacement value, you need to consider how much it would cost to build the house from the foundations up.

It’s generally more expensive to build a home than it is to buy one, which is why you’ll find your replacement value is higher than your house’s market value.

Our advice is to get in touch with us and we can guide you on making sure your house is insured for an accurate replacement value.

Ready to Budget?

Get Covered Today.


Save up to R408pm* with us!

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