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RACV Building Insurance

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 29 September 2020. 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

*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

  • Overall 3/10
    Happy to take premiums but not paying out claims.

    Didn't cover a cracked shower base. It seems they will try to blame everything on faulty installation.

    Read full review

    Didn't cover a cracked shower base. It seems they will try to blame everything on faulty installation.

    Value for money
    5/10
    Policy coverage
    2/10
    Customer service
    5/10
    Claims handling
    3/10
    Trust
    3/10
    Less
    Song, Victoria reviewed almost 5 years ago
  • Overall 10/10
    Great customer service provides discounts as well

    I have insured with other insurers and always seem to come back to Racv.

    Read full review

    I have insured with other insurers and always seem to come back to Racv.

    Value for money
    10/10
    Policy coverage
    10/10
    Customer service
    10/10
    Claims handling
    10/10
    Trust
    10/10
    Less
    Rosina, Victoria reviewed about 5 years ago
  • Overall 8/10
    Good customer service, discounts for multi policy

    I have recently had to claim on my policy after a bad storm,the operatives were very efficient and eager to help and started things rolling very quickly. The only problem we had was with one of the repairers,however this was dealt with and all was well and thoroughly checked and we were satisfied with the end result.

    Read full review

    I have recently had to claim on my policy after a bad storm,the operatives were very efficient and eager to help and started things rolling very quickly. The only problem we had was with one of the repairers,however this was dealt with and all was well and thoroughly checked and we were satisfied with the end result.

    Value for money
    8/10
    Policy coverage
    7/10
    Customer service
    8/10
    Claims handling
    7/10
    Trust
    8/10
    Less
    Jan, Victoria reviewed about 5 years ago
  • Overall 10/10
    Fantastic company

    They are great when it comes to claiming, very fast and helpful, love this company.

    Read full review

    They are great when it comes to claiming, very fast and helpful, love this company.

    Value for money
    10/10
    Policy coverage
    10/10
    Customer service
    10/10
    Claims handling
    10/10
    Trust
    10/10
    Less
    Mark, reviewed over 5 years ago
  • Overall 7/10
    Same as above

    The cover is OK but I think the premium is on the high side.

    Read full review

    The cover is OK but I think the premium is on the high side.

    Value for money
    4/10
    Policy coverage
    8/10
    Customer service
    7/10
    Claims handling
    -1/10
    Trust
    8/10
    Less
    Brian, Victoria reviewed about 6 years ago
RACV

About RACV

See RACV home insurance