RACT logo

RACT Home & Contents Insurance

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

Mozo editorial review RACT Home & Contents Insurance - last updated: 3 June 2021

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What's hot
  • 25% additional repair or rebuild safetynet
  • Temporary accommodation cover, including pets
  • Combined home and contents policy discount
What's not
  • Some accidental damage only covered as optional
  • No option to pay in monthly instalments
Mozo snapshot

This Tasmanian insurer is kicking goals in every corner of home and contents insurance. When it comes to your four walls and belongings, RACT has got you covered for all kinds of major natural disasters, as well as breakages, theft and malicious damage. The policy also features generous building underinsurance, in case you haven’t valued your home accurately and need a boost when repairs or replacement are necessary.

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Key features

RACT’s Home & Contents insurance will cover all your bases, with natural events like floods, bushfires, lightning and even earthquakes and tsunamis included in the policy. Beyond wild weather events, your home and belongings will also be covered in the case of theft, explosions and glass breakages. 

If the contents on your property is destroyed, it will be replaced with comparable new items, but there are fixed limits for some things. For example, important documents like birth certificates, drivers licences and passports are covered up to $1,000 collectively, and only $300 in cash kept at the address is insured. 

Other items like jewellery, antiques and art have flexible limits which you can elect. Remember, a higher limit may mean a higher premium.

Similarly, some items covered under home insurance have fixed limits. This includes up to $1,000 for unfixed building materials and other $1,000 for fixed landscaping elements like trees, plants and lawns. Read the product disclosure statement (PDS) for other variable limits and any optional extras that are available at an additional cost with the policy.

You won’t have to stress if any building repairs or replacements cost more than your initial valuation, as this policy also includes underinsurance of up to 25%. If you do find yourself in a situation where your place is unlivable, you’ll be happy to know accommodation costs for yourself and your pets are also covered for up to 10% of the sum insured.

And since RACT’s policy took home a 2020 Mozo Experts Choice Awards win in the Exceptional Value category, you know you’re getting a good price for all this cover.

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Who is it good for

Any homeowner wanting top-value cover for their home and belongings, with underinsurance and optional extras providing a little wiggle room.

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Any catches

Keep an eye out for circumstances in your PDS that might see your claim denied, or accidental damages that are only included if you choose them as optional extras.

Details

Rates and fees information correct as at 19 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.
Policy and service features

60

Yes - Up to 25% of sum insured

Yes

$200

true

n/a

Combined policy, over 50

No

Up to 90 days, up to 20% of sum insured

Up to 20% of sum insured

Up to $20,000,000

n/a

n/a

Events

Optional Extra

Yes

Yes

Yes

Yes

Yes

Yes

Optional Extra, up to 10 years old

No

Yes

Yes

No

Yes

Yes

Yes

Yes

Buildings

Yes

Up to $1,000, when stored and locked

Up to $1,000 for plants

Yes

Contents

Up to $300

No

Yes

Yes

Yes

Yes

Yes

Up to $1,000 per item

Up to $1,000 per item

Up to $1,000 per item

Up to $1,000

No

Yes

Up to $1,000

No

No

Other cover

$5,000 for death

No

Up to $1,000

Up to 10% of sum insured

Up to 10% of sum insured, combined with temporary accommodation costs

Up to 10% of sum insured, combined with temporary accommodation costs

Up to 15% of sum insured combined with demolition cost

Up to 15% of sum insured combined with debris removal cost

No

No

No

*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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