A sum insured policy. Accidental damage cover is optional.
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Description
- Insurer
- RAC
- Policy
- Building, Contents And Personal Valuables
- Provider
- RAC Insurance Pty Limited
- About the insurer
- RAC
Cover summary
- Building cover
- Nominate a sum insured for your building
- Contents cover
- Nominate a sum insured for your contents
- Legal liability
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- Up to $20 million
- Cover for people named on the policy
- Cover for incidents in Australia
Cost
Results for paid members only
- Same price to pay monthly
- ACT price comparison
- Members only
- NSW price comparison
- Members only
- NT price comparison
- Members only
- North Queensland price comparison
- Members only
- South Queensland price comparison
- Members only
- SA price comparison
- Members only
- Tasmania price comparison
- Members only
- Victoria price comparison
- Members only
- WA price comparison
- Members only
Covered events
- Theft
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- Covers loss and damage due to theft and attempted theft
- Up to 20% contents sum insured for contents in the open air
- Up to $800 for cost to re-code or re-key external door and window locks, after loss or theft of keys in a theft at your building
- Up to $500 for contents stolen when your building is for sale and while it is open for inspection by a licensed real estate agent
- Up to $200 for cash and negotiable instruments
- No cover for theft by you, your family or tenants
- No cover for theft by people authorised by you or a resident to enter site
- No cover for theft or attempted theft which occurs during renovations, or in connection with renovations being carried out on your building
- Does not cover contents whilst being lent to a third party
- Fire
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- 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
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- Covered
- 48 hour waiting period
- Storm and cyclone
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- Covered
- Up to $500 for trees, shrubs and landscaping
- Up to 5% contents sum insured for contents in a safety deposit box at any bank in Australia
- Up to 5% contents sum insured for contents at a home you are temporarily residing in
- Up to 20% contents sum insured for contents in the open air
- No cover for damage caused by water or wind entering due to through an open window or door
- No cover during renovations, or in connection to renovation, alterations or repairs being carried out on building
- No cover for retaining walls
- No cover for wind damage to gates, fences, freestanding walls, patio or pergola roof coverings or shade cloths which are not maintained in good repair and condition
- 48 hour waiting period
- Storm surge
- Not covered
- Action of the sea
- Not covered
- Tsunami
- Not covered
- Explosion
- Covered
- Earthquake
- Covered
- Vandalism
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- Covers malicious damage
- No cover for damage by you, your family or tenants
- No cover for damage by someone authorised by you, your family or tenant to enter site
- Riot & civil unrest
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- Covers riot, civil commotion and industrial unrest
- No cover if you or your family participated
- Impact damage
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- Covers damage caused by falling trees or tree branches
- Covers damage caused by vehicles or water-borne craft
- Covers damage caused by aerials
- Covers damage caused by aircraft; space debris; or debris from an aircraft, rocket or satellite
- No cover for damage caused by tree roots
- No cover for damage caused by tree felling or lopping at your address
- No cover for damage to driveways, paths, paving or underground services caused by road vehicles, cranes or earth moving equipment
- Does not cover removing tree stumps from the ground
- Does not cover removing trees that have fallen and not damaged your building
- Does not cover commercial aerials, antennas or masts
- Animal damage
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- Covers damage caused by animals/birds not kept at site
- No cover for damage to building exterior by animals/birds caused by biting, chewing, clawing, pecking, soiling or tearing
- No cover for damage caused by insects, rodents, termites or vermin
- Escape of water and other liquids
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- Covers bursting, leaking, discharge or overflow of water or liquid from fixed apparatuses
- No cover for damage caused by gradual leakage over time where you could be reasonably expected to have been aware of the leak
- No cover for leakage from free-standing aquariums or tanks
- No cover for bursting, leaking, discharge or overflow of water or liquid from shower recesses
- No cover for leakage or leaching through masonry
- No cover for damage to associated repairs to the apparatus, tanks or pipes
- No cover for distribution and storage systems, appliances, fixtures or fittings
- No cover for fixed tanks or aquariums with capacity <60L
- Breakage
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- Covers: – glass which forms part of building – glass, vitreous china or ceramic fixtures and fittings in bathrooms, laundries and kitchens – built-in glass shelving – mirrors – glass in light fixtures and light fittings – glass in furniture and household goods
- Covers cost to reconnect electrical components that insurer replaces
- Break must be through the entire thickness of the glass
- No cover for cracks, chips or scraches
- Does not cover: – ceramic or glass cooking surfaces or oven doors – glassware or mirrors ordinarily carried by hand – ceramic or glass lids – glass in television sets, computer monitors, tablets, radios, clocks or visual display units – glass in greenhouses or conservatories
- Accidental damage
-
- Optional
- Cover only available for contents
- $750 excess
- No cover for electronic or mechanical malfunction or failure, virus or processing error resulting in loss of electronic equipment or data
- No cover for power driven items, sporting equipment, musical instruments or firearms while being used
- No cover for damage caused by processes of cleaning, repairing, restoring or altering your contents; animals; birds; or business activities you operate from your site
Claims
- Out-of-hours claiming
- Online and 24/7 phone
- How the insurer can settle your claim
-
- Repair damaged property
- Replace damaged property
- Pay you the property's replacement value, up to your sum insured or other sublimits
- Cash settlement for building claims
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- Customer cost if insurer offers cash
- Insurer cost if you ask for cash (may be less than retail cost)
- Cash settlement for contents claims
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- 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
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- 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
Building
- Motor burnout
- Covered
- Keys and locks after break-in
- Up to $800 overall
- Gardens and landscaping
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- Up to $500 overall
- Cover for storm
- Costs to comply with building regulations
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- Up to 10% sum insured overall
- Paid on top of sum insured
- Limit combined with professional fees
- Professional fees
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- Up to 10% sum insured overall
- Paid on top of sum insured
- Limit combined with building regulations
- Mortgage discharge fees
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- Reasonable cost
- Paid on top of sum insured
- Debris removal and demolition
-
- Up to 10% sum insured overall
- Paid on top of sum insured
- Building only
- Exploratory costs
-
- Applies to claims for any insured event
- Covers costs to locate cause of damage
- Up to reasonable cost
- Temporary accommodation
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- Up to 12 months
- Covers comparable accommodation for you and commercial accommodation for pets
- Available after a claim for building damage
Contents
- Cover for unspecified portable contents
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- 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 individual portable valuables
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- Cover for accidental loss/damage
- Covered anywhere in Australia
- $100 excess
- Contents in the open air
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- Up to sum insured overall
- Up to 20% contents sum insured for storm and theft
- Emergency storage
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- Up to 12 months or 10% sum insured
- Paid on top of sum insured
- Covers removing/storing contents
- Jewellery
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- Up to $5000 overall
- Up to $2000 per item or set
- Artworks
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- 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
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- Up to $500
- Covers food
- Covers spoilage caused by electric power failure and damage to refrigerator or freezer
- No excess for claims relating only to spoilage
- Visitors' contents
- Up to $500 overall
- Pet cover
- Not covered
- Overlapping cover at a new house
- Up to 14 days cover at both addresses
- Cover for contents while moving house
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- Up to contents sum insured overall
- Cover for fire and collision, overturning or theft of removal vehicle
