Single Item Insurance is as simple as it sounds. Insurance for a single item such as your laptop, TV, camera, instrument, white goods or even your couch. You can choose to insure a single item or a selection of single items that you want to protect. It is insurance for an item in your home, protecting it from theft, storm, flood and fire.
You can also choose to protect your portable item/s when you are on the go by simply adding the optional portable cover, which gives you ‘Theft cover anywhere in Australia’.
To protect your portable item/s from everyday accidents such as water damage, drops or knocks simply choose ‘Accidental damage’.
With Single Item Insurance, you have the option to insure just a single item or several single items such as your laptop, tablet, TV or even your couch.
This differs from contents insurance where all your personal possessions within your home are covered. Traditionally, you select the amount it would cost to repair or replace all of your household items including furniture, clothes, kitchen appliances and even toys.
When selecting the cover that’s right for you, consider the items you want to protect, the type of items, the value of the items and what you want to protect them against to find the best option for you.
The policy must be registered to a residential address within Victoria.
Where item/s are covered will depend on whether you choose to add optional extras to your cover. If you choose ‘Theft cover anywhere in Australia’, the item will be protected for theft anywhere in Australia. If you choose ‘Accidental damage’, the item will be protected for accidental damage occurring anywhere in Australia. If you do not select these optional extras, the item will only be protected at home.
The Policy Owner/s that take out the insurance policy must be at least 18 years of age. However, people under 18 can still be protected by a policy – for example, if your parent takes out a policy on your behalf.
Simply visit the Single Item Insurance page, choose the item/items you want to insure, add any optional extras if needed and then select your payment frequency (weekly, fortnightly, monthly or annually) to view the price.
You can change your inclusions or payment frequency to suit your needs and lifestyle.
No sign up or payment is required until you proceed to the purchase stage.
Yes, there are no limits to the number of items you can insure on one policy. Add additional items in the quoting process or, if you already have single item insurance with RACV, simply log into the Single Item Insurance portal and add additional items.
Yes, you can add as many items as you wish. However, if the extra item (e.g. camera lens in addition to a camera) exceeds the maximum insurable amount for one item, it will need to be insured separately.
Yes, to ensure that the new item is adequately covered you need to log into your account to delete the item you no longer need covered and add the new item. RACV can make pro-rata adjustments to your policy premium to ensure you only pay for what you have covered. You can log into your account through the Single Item Insurance portal.
Yes, you can insure devices your children may need for school including laptops, tablets and phones. Here are some important facts:
If your child is under 18, a parent/guardian will need to be listed as the Policy Owner.
The address at which you register the item should be your child’s home address, NOT the school address.
Area of coverage will depend on whether you choose to add optional extras to the cover. If you choose ‘Theft cover anywhere in Australia’, the item will be protected for theft anywhere in Australia. If you choose ‘Accidental damage’, the item will be protected for accidental damage occurring anywhere in Australia. If you do not select these optional extras, the item will only be protected at home.
If you want to insure something that is not listed on the single item insurance website, please let us know and we may be able to consider adding it to our cover options at a later date. Just describe the product you have in the ‘contact’ page of the website.
Couldn't find what you were looking for? Contact one of our consultants today
Single Item Insurance provides cover for loss or damage occurring at your home caused by events listed in the policy, also check out our Product Disclosure Statement.
You can choose to insure a single item or a selection of single items that you want to protect against theft, flood, fire, storm and even a cyclone for the selected item/s inside your home.
If you choose to add ‘Theft cover anywhere in Australia’, the item/s will be protected for theft anywhere in Australia.
If you choose to add ‘Accidental damage’, the item will be protected for accidental damage occurring anywhere in Australia, this includes things like dropping, knocking or accidentally damaging your item. It also includes water damage such as spilling water or coffee on your item or dropping your phone in the toilet.
If you do not select these optional extras, the item will only be protected against loss or damage at home caused by the events listed in the policy. Make sure to check out the Product Disclosure Statement that outlines the coverage in detail.
If a valid claim is accepted, RACV aim's to have the item repaired or replaced within 14 days after your claim is accepted.
RACV may choose to provide you with a replacement item or with a voucher to purchase an equivalent item through one of our suppliers (for example, JB Hi-Fi) or pay you a cash settlement. The maximum amount we will pay for any item is the sum insured for that item as shown on the Certificate of Insurance.
Here is an example claim (this is an example only and does not cover all scenarios or benefits; and does not form part of the policy terms and conditions):
Claim example – Loss or damage to Nominated Property – replacement
You have insured your Laptop as Nominated Property (the actual item you are insuring) with a sum insured of $1,900 (the value it would cost to replace the item). An excess of $100 applies to the laptop.
Your Laptop is stolen from Your Home and you agree to accept a store credit in settlement once your claim has been approved. You will receive a store credit for $1,800. The applicable excess of $100 has been deducted from the store credit.
To reset your password, go to ‘Forgot your password’ on the Single Item Insurance portal and follow the prompts. You can enter your email address and we will email you a link from which you will be able to reset your password.
Cancelling within the cooling off period – If you change your mind within 21 days of purchasing your policy and haven't made a claim, you can cancel your policy and receive a full refund.
Cancelling after the cooling off period – You can still cancel your policy after the cooling off period. If you are paying by instalments we will not charge any further instalments from cancellation but we will not refund any instalments already paid. If you have paid an annual premium we will refund the premium for the period after cancellation.
RACV Membership, Benefits and Multi Policy Discounts
RACV Single Item Insurance Product Disclosure Statement and Policy Booklet for policies with a start date on or after 29 May 2018 and renewal policies with a start date before 26 June 2018 and new business policies with a start date before 17 August 2018 and renewal policies with a start date before 14 September 2018.