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RACV Home & Contents Insurance

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

Mozo editorial review RACV Home & Contents Insurance - last updated: 3 June 2021

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What's hot
  • Multi-policy discount, loyalty discount and no claims discount on offer
  • New-for-old cover on your belongings
What's not
  • No underinsurance protection
Mozo snapshot

If you need an insurance policy to keep your home and valuables safe, then check out what RACV's got to offer. With this policy in your pocket, your home and belongings are covered in the event of fire, flood, storms, burglary and heaps more. Plus, there are a bunch of discounts on offer if you buy multiple policies or haven’t made any claims. 

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Key features

With a Home & Contents Insurance policy from RACV, you’ll get your choice of excess starting from $100 to $5,000, a 24/7 claims service and new-for-old cover on your belongings, which means if you make a successful claim for one of your items, you’ll get a brand new one of comparable value.

There are also plenty of discounts on offer to help you keep premium costs down, including RACV's No Claim Bonus (up to 25%), Multi-Policy discount (10%) and the Years of Membership Benefit (up to 20%), which is tied to how long you’ve been insured with RACV.

A tonne of events are covered by your RACV insurance, including natural disasters like fire, flood and storms (including lightning and storm surges) as well as things like burglary, vandalism or accidental glass breakage. If you need cover for accidental damage – in case you knock your new Macbook off the kitchen table – you can add that as an optional extra.

Along with the structure of your home, this policy protects what's inside, including personal belongings and a number of household fixtures, such as: furniture, rugs and carpets, large appliances like fridges and washing machines, clothes, shoes and linens, power tools and gardening equipment. Make sure you check your product disclosure statement (PDS) for any limits on specific items. 

When it comes to your property, you'll be covered for rebuilding costs and removal of debris after an insured event.

You can also add extra cover for particularly valuable items or things you routinely carry outside your home with you (for example, an expensive engagement ring.) It’s up to you to make sure you have enough coverage for your items, since there’s no underinsurance protection with this product.

On the flip side, there are some exclusions you should take note of. For example, your trees, plants and shrubs aren’t covered. Events you aren’t covered for include normal ocean movements (like king tides or erosion) or damage caused by tree roots.

This isn’t an exhaustive list of inclusions and exclusions, so you should be sure to read your PDS carefully so you know what you are and aren’t covered for.

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Who is it good for

RACV Home & Contents Insurance offers pretty comprehensive coverage, while being wallet-friendly – so we think it’s a good choice for just about any Victorian.

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Any catches

One thing to be aware of is that certain items like artwork, jewellery or collectables aren’t covered by your contents insurance if they’re being kept in storage.

Something else to remember is that if you leave your home unoccupied for more than 60 days, your cover will stop. This is pretty standard for contents insurance policies, but still something to keep in mind if you’re planning extended time away.

Details

Rates and fees information correct as at 19 October 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.
Policy and service features

60

No

Yes

$100

true

n/a

10% multi-policy discount, 8% combined policy discount, loyalty discount, no claim discount

Yes

Optional Extra, up to $10,000 per item

Up to 20% of sum insured

Up to $20,000,000

n/a

n/a

Events

Optional Extra

Yes

Yes

Yes

Yes

Yes

Yes

Optional Extra, up to 15 years old

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Buildings

Yes

Up to $1,000

Yes

Yes

Contents

Up to $200

Up to $1,000

Up to $2,500

Yes

Yes

Yes

Yes

Up to $2,500 in total, optional extra to increase maximum

Up to $2,500 in total

No

Yes

No

Yes

Up to $2,000

No

Yes

Other cover

Up to $10,000 for funeral

No

Yes

Up to 12 months

Up to 12 months

No

Yes

Yes

No

Up to 14 days, contents only

Yes

*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 and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

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