A sum insured policy. We've scored this policy on cover only, because the insurer doesn't share its price data.
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Description
- Insurer
- RACV
- Policy
- Home Buildings and Contents
- Provider
- Insurance Manufacturers of Australia Pty Ltd
- About the insurer
- RACV
Cover summary
- Building cover
- Nominate a sum insured for your building
- Contents cover
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- Nominate a sum insured for your contents
- Specify a sum insured for each item worth more than $10000
- Legal liability
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- Up to $20 million
- Cover for people named on the policy, plus their family members living with them
- 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
- Covers costs to replace keys to your home and the lock barrels they operate, after theft of keys to external lock during a theft at the site
- Up to $1000 for any cost you must pay to a credit card organisation if your card is stolen from your home and used without your consent
- No cover for theft by you or residents
- No cover for theft by people who enter site with consent of you or a resident
- Fire
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- Covers fire and bushfire
- No cover for scorching or melting where there is no flame
- No cover for fire started with the intention to cause damage by due to the insured or residents
- Waiting period length not disclosed in PDS for bushfire
- Flood
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- Covered (high-risk properties can opt out)
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of flood
- Covers swimming pool or spa covers up to five years old
- No cover for bridges or gravel driveways
- No cover for retaining walls
- No cover for gates, fences or free-standing walls if damage is caused because they are not structurally sound or well-maintained
- No cover for pontoons or jetties
- Opting out of cover also removes cover for rainwater run-off and storm surge
- Waiting period length not disclosed in PDS
- Storm and cyclone
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- Covers damage caused by violent wind, cyclone, tornado, rain, thunderstorm, hail, snow and rainwater run-off
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of storm or rainwater run-off
- Covers swimming pool or spa covers up to five years old
- No cover for damage caused by water which enters home due to through tarpaulins or fixings set up while you're renovating or altering home
- No cover for bridges or gravel driveways
- No cover for retaining walls
- No cover for gates, fences or free-standing walls if damage is caused because they are not structurally sound or well-maintained
- No cover for pontoons or jetties
- Waiting period length not disclosed in PDS
- Storm surge
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- Covered (high-risk properties can opt out)
- Covers damage caused by landslide and subsidence but must occur as a direct result of storm surge and within 72 hours
- Covers swimming pool or spa covers up to five years old
- No cover for bridges or gravel driveways
- No cover for retaining walls
- No cover for gates, fences or free-standing walls if damage is caused because they are not structurally sound or well-maintained
- No cover for pontoons or jetties
- Opting out cancels cover for flood and rainwater run-off
- Action of the sea
- Not covered
- Tsunami
- Covered
- Explosion
- Covered
- Earthquake
- Covered
- Vandalism
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- Covers damage from vandalism and malicious acts
- No cover for damage by you or residents
- No cover for damage by someone who enters site with consent of you or residents
- Riot & civil unrest
- Covers riot, civil commotion and industrial or political disturbance
- Impact damage
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- Covers damage caused by trees or branches
- Covers damage caused by tree cutting, lopping or felling at the site, if performed by a professional
- Covers damage caused by vehicles or watercraft
- Covers damage caused by masts or flagpoles
- Covers damage caused by external aerials or satellite dishes
- Covers damage caused by aircraft; or debris from space, aircraft, rockets and satellites
- Covers costs to cut down and remove tree and treat stumps so they don't grow, if tree causes damage to building and qualified expert agrees it needs to be removed
- Does not cover costs to remove stumps
- Does not cover costs to cut down or remove tree, if it didn't cause damage
- Animal damage
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- Covers damage caused by animals not kept at site
- Covers fire and water/oil leaks caused by insects or vermin
- No cover for damage caused by birds biting, pecking or scratching
- Escape of water and other liquids
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- Covers water leaking or escaping from: › house gutters, drainpipes and pipes › appliances, waterbeds and aquariums › sanitary fixtures › water tanks › swimming pools
- Covers oil leaking from fixed heating systems and sealed portable heaters
- No cover for water leaking or escaping from shower recesses or shower bases
- No cover for items that water or oil leaked or escaped from
- Breakage
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- Covers: – glass panels in fixtures – fixed glass in mirrors – frames of broken mirrors or pictures – fixed glass in light fittings – cooktops and oven doors – vitreous china, acrylic or fibreglass fixed shower bases, baths, spa baths, basins, sinks, toilets, bidets and sanitary fixtures – fixed glass in furniture and pictures
- Covers cost to reconnect electrical components to broken item
- Fracture must extend through item's entire thickness
- Does not cover: – water or sewerage pipes – items that broke because heat was directly applied – glass in TVs, radios or computer equipment – glass in greenhouses or glasshouses
- Accidental damage
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- Optional
- Covers accidental loss and damage to home and contents
- No cover for electronic malfunction or failure, mechanical malfunction or failure, virus or processing error resulting in loss of electronic equipment or data
- No cover for fishing or sporting equipment, musical instruments or firearms while someone is using them
- No cover for retaining walls
- No cover for damage caused by water entering home through an opening made for the purpose of alterations, additions, renovations or repairs; animals kept at your site; or any process of cleaning involving the use of chemicals
Claims
- Out-of-hours claiming
- Online and 24/7 phone
- How the insurer can settle your claim
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- 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
- Customer cost
- Cash settlement for contents claims
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- Customer cost
- Insurer may offer non-cash alternatives
- New for old contents replacement
- Unoccupied homes
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- You must inform insurer if home will be unoccupied for more than 60 days
- You must: › keep lawns mowed and garden tidy › stop regular mail and newspaper deliveries › organise someone to check inside and outside home once a week
Building
- Motor burnout
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- Motors up to 15 years
- Optional
- Keys and locks after break-in
- Covered
- Gardens and landscaping
- Not covered
- Costs to comply with building regulations
- Reasonable cost
- Professional fees
- Reasonable cost
- Mortgage discharge fees
-
- Reasonable cost
- Paid on top of sum insured
- Debris removal and demolition
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- Reasonable cost
- Building only
- Exploratory costs
-
- Applies to claims for any insured event
- Covers costs to find cause of damage
- Up to reasonable cost
- Insurer must agree to cover before you make arrangements
- Temporary accommodation
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- Up to 12 months
- Covers temporary accommodation for your family and pets, additional living expenses, and removal/storage costs
- Available after a claim for building damage
Contents
- Cover for unspecified portable contents
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- Covers some items for theft and accidental loss/damage
- Nominate a limit per item group for clothing, accessories and luggage; glasses and medical items; jewellery and watches; portable electronic devices; sporting items; and wheelchairs, scooters and other mobility aids
- Covered anywhere in Australia, New Zealand, and for up to $10000 overall in rest of the world
- Contents excess applies
- Optional
- Optional cover for individual portable valuables
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- Cover for theft and accidental loss/damage
- Covered anywhere in Australia, New Zealand, and for up to $10000 overall in rest of the world (limit includes all portable contents)
- Contents excess applies
- Contents in the open air
- Up to 20% sum insured overall
- Emergency storage
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- Up to 12 months
- Covers removing/storing contents
- Available after a claim for building damage
- Jewellery
- Up to $2500 overall
- Artworks
- Up to $2500 overall
- Collections (e.g. stamps, coins)
- Up to $2500 overall
- Digital media
- Up to $2500 overall
- Spoiled food
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- Up to $500, paid on top of sum insured
- Covers food and prescription medication in a refrigerator or freezer
- Covers spoilage caused by interruption of electricity supply caused by insured event and motor burnout
- 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, collision and theft from removal vehicle
