With a Contents Insurance policy from RACV, you’ll get your choice of excess starting from $100, 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.
There are also plenty of discounts on offer to help you keep premium costs down, including a No Claim Bonus, Multi-Policy discount and the Years of Membership Benefit, 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.
This policy protects the contents of your home, which includes personal belongings and a number of household fixtures, such as:
Rugs and carpets
Large appliances like fridges and washing machines
Clothes, shoes and linens
Power tools and gardening equipment
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, and neither is the cost to replace any stolen credit cards. 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.