RACV home insurance provides protection to your home for a wide range of events. You can take out cover for buildings only, contents only or combine the 2 policies together to create a package that provides complete peace of mind. RACV also offers landlord insurance and renters insurance.
If you do take out a policy with RACV, you'll also become a member and receive savings and discounts.
Some main events covered by RACV home insurance include:
RACV home insurance is issued by Insurance Manufacturers of Australia Pty Ltd and offers customers a choice of excess and a cooling-off period of 21 days.
There are certain situations when RACV won't provide cover under your policy. These are referred to as general exclusions and they apply to all the benefits under your policy. Here are a few to be aware of:
Make sure you read RACV's PDS for a more detailed breakdown of exclusions. You can also head to general exclusions for more information.
We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July 2020 and June 2021. The data breaks down different underwriters and compares their business size to the number of complaints processed.
When comparing insurers, keep in mind that insurers with a larger market share serve more customers, so can potentially get more complaints.
Here's an overview of how RACV (Insurance Manufacturers of Australia) did:
RACV home insurance offers a solid policy that includes cover for flood, up to 12 months temporary accommodation and new for old replacement – not benefits you see with every provider. What it lacks in policy discounts, it makes up for with its member rewards program.
Still making up your mind? You can check out other home insurance brands and compare them side-by-side so that you end up with a policy you're happy with.
If you've held, or currently hold, an RACV home insurance policy, we'd love to hear from you. Your reviews help other Australians decide if RACV is right for them. Some reviews are from a survey commissioned by Finder.
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RACV Home Contents Policy. I read in the PDS that there exists within the policy basic valuables up to $2500 and basic portables up to $10000. Anything in excess of these amounts may be insured for an optional additional premium. Could you please clarify for me ?
Hi Megan,
That’s correct. RACV offers separate optional cover for some items under ‘Valuable Items Cover’ and ‘Portable Items Cover’ if you want to insure them for more than $10,000 for Portable Items and $2,500 for Valuable Items inside the home.
If you want to insure any one item for more than the said amounts, you’ll need to list the item and its sum assured. You may be asked by RACV to provide a written valuation for each item.
Please reach out to RACV directly if you want to increase your level of cover for these categories.
I hope this helps,
Cheers,
James