Keep your belongings safe with an affordable contents insurance policy from RACQ. This policy offers new-for-old replacement on contents like appliances, furniture, electronics or jewellery, and covers events including theft or vandalism as well as storm, fire and flood damage. RACQ Contents Insurance also comes with a bunch of discounts for seniors, people living in an apartment or anyone who buys their policy online.
Features included with Contents Insurance from RACQ include new-for-old cover for your belongings, your choice of excess and a 24/7 claims service.
When it comes which of your belongings are covered, RACQ has a long list of inclusions. A few items on the list include: clothing and bags, household appliances and electronics, furniture, carpets and curtains, jewellery and watches, sport equipment, and garden tools.
These items are insured against events like accidental breakage of glass, fire, lightning, storms (including storm surge, which is a very rare inclusion), floods, earthquakes, tsunamis, leaks, riots and vandalism. If you’d like to be insured for accidental loss and damage – like if you trip and knock your brand new TV off the wall – then you can add that cover as an optional extra.
You can also add Advanced Cover to your policy for additional accidental cover and burnt out motors in electrical appliances.
Keep in mind there are some general exclusions. For example, damage done by a computer virus or normal ocean activity like king tides or erosion, as well as a few exclusions specific to certain events or items. Make sure you read your PDS carefully to know just what you’re covered for.
Now for the really good stuff: discounts. There are a whole bunch of ways to save on your RACQ contents insurance, including a $25 discount for buying your policy online, a 13% discount for combing contents with home insurance, and a 10% premium reduction for installing a 24/7 alarm system. You can also bag a lower premium if you’re a senior or live in an apartment.
When you buy an RACQ insurance policy, you also become an RACQ member, which comes with benefits including discounts on theme park and movie tickets and 24 hour domestic travel assistance.
Keep in mind that this is a contents insurance policy and doesn’t cover the structure of your house. So while it could be a great option for renters, homeowners might want to consider a combined home and contents insurance policy if they'd like protection for their building as well.
If you prefer to pay your premium by the month, you can do so, but there will be an extra charge to do this. You also aren’t protected against underinsurance with this policy, so it’s up to you to make sure you choose the appropriate level of cover for your needs.
One other tricky piece of fine print to be aware of is the cover for power surges. You’re covered for a power surge if it’s caused by lightning, but not if it’s caused by your electricity provider or problems with your power line – so read your PDS carefully!
Up to $300
Up to $1,500
Up to $5,000
Hardware yes, software up to $5,000 combined with CDs/DVDs
Up to $2,000
Yes - limits apply for carpets over 10 years old
Up to $1,000 per item
Up to $2,000 per item, up to $12,000 in total
Up to $2,000 per item, up to $6,000 in total
No
Up to $1,000
No
Yes
Up to $2,000
No
Up to $10,000
Up to $5,000 for funeral
Optional Extra, up to $750
Up to $1,000
No
No
Up to 10% of sum insured
Up to 20% of sum insured combined with demolition cost
Up to 20% of sum insured combined with debris removal cost
No
Up to 14 days
Yes
60
No
Yes
$0
true
no
Alarm Discount, Apartment Discount, No Claim Discount, Roadside Assistance Discount, Seniors Discount , Over 55s Discount, Multi-policy Discount
Yes
Optional Extra - Up to $2,000 per item, up to $8,000 total
Up to 5% of sum insured
Up to $20,000,000
none
none
Optional Extra
Yes
Yes
Yes
Yes
Yes
Yes
Optional Extra, up to 10 years old
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).
As an RACQ roadside member with other policies, RACQ provides a fairly good rate on my home insurance. Always good to support local businesses.
Read full reviewAs an RACQ roadside member with other policies, RACQ provides a fairly good rate on my home insurance. Always good to support local businesses.
I have recently claimed on my pet insurance. They were very helpful and paid the claim within two weeks.
Read full reviewI have recently claimed on my pet insurance. They were very helpful and paid the claim within two weeks.
Easy to deal with
Read full reviewEasy to deal with
Because of the speed of service and friendly staff.
Read full reviewBecause of the speed of service and friendly staff.
Never had any issues, always helpful.
Read full reviewNever had any issues, always helpful.
