Important information on terms, conditions and sub-limits
Fire
Yes
Theft or burglary
Yes
Flood
Yes
Storm
Yes
Building cover
n/a
Contents cover

Mozo editorial review RACQ Contents Insurance - last updated: 2 February 2021

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What's hot
  • New-for-old cover on your contents
  • Save $25 when you buy a policy online
  • Automatic flood cover
What's not
  • No underinsurance protection
Mozo snapshot

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. 

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Key features

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.

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Who is it good for

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.

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Any catches

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!

Details

Rates and fees information correct as at 26 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Contents

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

Optional Extra - Up to $20,000

Up to $10,000

Other cover

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

Policy and service features

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

Events

Optional Extra

Yes

Yes

Yes

Yes

Yes

Yes

Optional Extra, up to 10 years old

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

*Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

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