RACV Home & Contents Insurance

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.

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.

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.