With RACV Home Insurance your home will be given extensive cover for over 10 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 fusion 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 and its structure, RACV Home Insurance has you covered there too. You’ll be able to receive cover for any structural improvements, building materials if you’ve decided to renovate, your 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.
Who it's good for:
RACV Home Insurance is a good choice for Victorian homeowners thinking of giving their home a high level of cover.
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.