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.
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
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.
Any homeowner wanting top-value cover for their home and belongings, with underinsurance and optional extras providing a little wiggle room.
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.
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
Optional Extra
Yes
Yes
Yes
Yes
Yes
Yes
Optional Extra, up to 10 years old
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Up to $1,000, when stored and locked
Up to $1,000 for plants
Yes
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
$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
Very unhappy with my insurer. Following storm damage in Tasmania they totally reneged on their contractual obligations and have squirmed and wriggled their way into trying to deny a claim. I will be taking my concerns higher.
Read full reviewVery unhappy with my insurer. Following storm damage in Tasmania they totally reneged on their contractual obligations and have squirmed and wriggled their way into trying to deny a claim. I will be taking my concerns higher.
I feel there are less expensive companies out there but have been with RACT for over fifty years and I find it difficult to look anywhere else. Maybe I should I have been told honour does not come into it with insurance companies.
Read full reviewI feel there are less expensive companies out there but have been with RACT for over fifty years and I find it difficult to look anywhere else. Maybe I should I have been told honour does not come into it with insurance companies.
RACT provides excellent insurance and service for Tasmanians
Read full reviewRACT provides excellent insurance and service for Tasmanians
Very helpful, very good service
Read full reviewVery helpful, very good service
Great products and very helpful consultants
Read full reviewGreat products and very helpful consultants
