RACV Building Insurance

RACV Building Insurance

Mozo Review   RACV Building Insurance Review

Last updated: 22 October 2019.

What's hot:
  • Multi-policy and no claims discount

  • Flood cover comes included

What's not:
  • No underinsurance protection

Mozo snapshot:

With the RACV Home 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. 


Key features:

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.


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 14 December 2019. 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
  • Up to $1,000

Events
  • Optional extra

  • Optional Extra, up to 15 years old

Policy and service features
  • 60

  • $0

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

  • Up to $20,000,000

Other cover
  • Up to $10,000 for funeral

  • Up to 12 months

  • Up to 12 months

Customer Reviews

How are RACV home insurance rated by the Mozo community?

Overall customer rating
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...

    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

    Song | Victoria

    reviewed about 4 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.

    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

    Rosina | Victoria

    reviewed about 4 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...

    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

    Jan | Victoria

    reviewed over 4 years ago

  • Overall
    10/10
    Fantastic company

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

    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

    Mark |

    reviewed almost 5 years ago

  • Overall
    7/10
    Same as above

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

    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

    Brian | Victoria

    reviewed over 5 years ago

RACV

About RACV

See RACV home insurance