A sum insured policy. It only covers your contents for fire and theft. We've scored this policy on cover only, because the insurer doesn't share its price data.
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Description
- Insurer
- RAC
- Policy
- Basic Contents and Personal Valuables (strata owners)
- Owner type
- Strata owners
- Provider
- RAC Insurance Pty Limited
- About the insurer
- RAC
Cover summary
- Contents cover
- Nominate a sum insured for your contents
- Legal liability
-
- Up to $20 million
- Cover for people named on the policy
- Cover for incidents in Australia
- Renters liability
- N/A
Cost
- Same price to pay monthly
- ACT price comparison
- N/A
- NSW price comparison
- N/A
- NT price comparison
- N/A
- North Queensland price comparison
- N/A
- South Queensland price comparison
- N/A
- SA price comparison
- N/A
- Tasmania price comparison
- N/A
- Victoria price comparison
- N/A
- WA price comparison
- N/A
Covered events
- Theft
-
- Covers loss and damage due to theft and attempted theft
- Covers theft which occurs during renovations, or in connection with renovations being carried out on your building
- Up to $500 for contents in the open air
- No cover for theft by you or residents
- No cover for theft by people authorised by you or a resident to enter site
- No cover for theft from common areas within a strata titled property
- Does not cover contents whilst being lent to a third party
- Fire
-
- Covered
- No cover for heat not directly involving fire
- No cover for your building or contents undergoing a process necessarily involving the application of heat
- 48 hour waiting period for bushfire
- Flood
- Not covered
- Storm and cyclone
- Not covered
- Storm surge
- Not covered
- Action of the sea
- Not covered
- Tsunami
- Not covered
- Explosion
- Not covered
- Earthquake
- Not covered
- Vandalism
- Not covered
- Riot & civil unrest
- Not covered
- Impact damage
- Not covered
- Animal damage
- Not covered
- Escape of water and other liquids
- Not covered
- Breakage
- Not covered
- Accidental damage
- Not covered
Claims
- Out-of-hours claiming
- Online and 24/7 phone
- How the insurer can settle your claim
-
- Repair damaged items
- Replace damaged items
- Pay you the item's replacement value, up to your sum insured or other sublimits
- Cash settlement
-
- Customer cost if insurer offers cash
- Insurer cost if you ask for cash (may be less than retail cost)
- Insurer may offer non-cash alternatives
- New for old contents replacement
- Unoccupied homes
-
- You must receive insurer approval if home will be unoccupied for more than 60 days
- You must: › stop mail and any other deliveries › ensure grass and gardens are maintained and tidy › have building inspected inside and out weekly
Contents
- Cover for unlisted portable contents
-
- Covers some items for accidental loss/damage
- Choose overall limit from $2000–$5000
- Choose limit from $500–$1000 per item
- Covered anywhere in Australia
- $200 excess
- Optional
- Optional cover for specially listed valuables
-
- Cover for accidental loss/damage
- Covered anywhere in Australia
- $100 excess
- Contents in the open air
-
- Up to $500 overall
- Cover for theft
- Temporary accommodation
- Not covered
- Debris removal
- Not covered
- Exploratory costs
- Not covered
- Emergency storage
- Not covered
- Keys and locks after break-in
- Not covered
- Motor burnout
- Not covered
- Jewellery
-
- Up to $5000 overall
- Up to $2000 per item or set
- Artworks
-
- Up to $5000 overall
- Up to $2000 per item or set
- Collections (e.g. stamps, coins)
- Up to sum insured overall
- Digital media
- Up to $5000 overall
- Spoiled food
- Not covered
- Visitors' contents
- Not covered
- Pet cover
- Not covered
- Permanent fixtures
-
- Up to $5000 overall
- Covers fixtures/structural improvements not covered by strata title building policy
- Overlapping cover at a new house
- Not covered
- Cover for contents while moving house
- Not covered
