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

Mozo editorial review RACV Building Insurance

Last updated: 15 July 2020.

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What's hot
  • Multi-policy and no claims discount
  • Flood cover comes included
What's not
  • No underinsurance protection
Mozo snapshot

With the RACV Building Insurance policy, not only will you have access to your own choice of excess, if you choose to combine policies, you’ll also be able to snag a multi-policy discount along with a no claims bonus if you’ve got a great claims history. Plus, if you’re a loyal customer, you’ll also get a loyalty discount. 


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Key features

With RACV Building Insurance your home will be given extensive cover for over 16 listed events like fires, storms, earthquakes and all those other things you’d rather not think about. You also have the option to add accidental damage and electric motor burnout to your policy, however you will not be covered for any power surges. Cover for temporary accommodation for both you and your pet is also available along with lock replacements, debris removal and demolition costs.

When it comes to your home's structure, RACV Building Insurance has you covered. You’ll be able to receive cover for any structural improvements, building materials if you’ve decided to renovate, gates or fences and landscaping.

And don’t forget those discounts! You can score a loyalty discount which will depend on how long you’ve been with RACV, a no claims discount for keeping your claims history squeaky clean, and a discount for having more than one policy with RACV.



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Who is it good for

RACV Building Insurance is a good choice for Victorian homeowners thinking of giving their home a high level of cover.


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Any catches

RACV Home Insurance does not offer underinsurance protection for your home. This means that if your home is damaged and will need to be rebuilt or repaired, you may have to provide the funds yourself if you’ve failed to value your property correctly. To avoid this, it’s best to seek out quotes from reputable experts to value your home.

New for old replacement is also unavailable under this policy, which could also leave you out of pocket if a part of your home needs to be replaced. Here it might be a good idea to list anything you want extra cover for separately in your policy. 

Finally, while you do have the option to pay your premium monthly, it’s important you know that you will have to pay extra for this.


Details

Rates and fees information correct as at 7 May 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.
Buildings
  • Yes

  • Up to $1,000

  • Yes

  • Yes

Events
  • Optional Extra

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Optional Extra, up to 15 years old

  • No

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

Policy and service features
  • 60

  • No

  • Yes

  • $100

  • true

  • no

  • 10% multi-policy discount, loyalty discount, no claim discount

  • Yes

  • Up to $20,000,000

  • none

  • none

Other cover
  • Up to $10,000 for funeral

  • Yes

  • Up to 12 months

  • Up to 12 months

  • Yes

  • Yes

  • 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 on the provider's website for further information before making any decisions about an insurance product.

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).

Customer Reviews

How are RACV home insurance rated by the Mozo community?

Overall
8.1/10
Value for money
7.5/10
Policy coverage
7.8/10
Customer service
8.1/10
Claims handling
7.6/10
Trust
8.1/10

Latest reviews of RACV Building Insurance

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About RACV

See RACV home insurance