RACV Landlord Insurance covers your investment property for a variety of tenant-related incidents and insured events such as fire, flood and storm.+
You can choose from three types of cover to protect your investment and suit your circumstances, including buildings, contents, or combined building and contents.
Ideal for standalone houses where you want to cover the structure of the rental property.
Cover for furniture and furnishings you provide to your tenants, including curtains. This policy is also suited to investment properties with a strata arrangement, like apartments.
Ideal for standalone houses where you want to cover both the structure of the rental property and any furniture and furnishings you provide to your tenants, including carpets and curtains.
Regardless of your choice to insure your buildings, contents or both, you'll be covered for the following when you take out an RACV Insurance policy:
Read the Product Disclosure Statement for a full list and description of items covered in building, contents and combined policies. The Premium, Excess and Discounts guide (PED) provides further details on how we calculate your premium, excess levels and discounts.
It’s important to understand what you’re not covered for with RACV Landlord Insurance. Here are some examples of things that are not covered. Please check the Product Disclosure Statement for a full list of conditions, limits and exclusions:
This is a summary only. Refer to the Product Disclosure Statement for a full list of conditions, limits and exclusions.
If you’re new to buying insurance, don’t worry – it’s easier than you think.
This should be enough to repair or replace your home and/or contents after an insured event. If you need help, use our building calculator^ or contents calculator.~
Check your coverage and excess to make sure they’re right for you.
Once you’re ready, you can buy your policy online or over the phone.
You can make a claim 24/7 in the app, online or by phone.
You can view policy documents, or update your personal details and payment methods online.
Landlord insurance covers things that regular home insurance does, plus some extras that are specific to properties with tenants.
The extras include:
For full details of what is and isn’t covered, see the Product Disclosure Statement.
You should insure your rental property and/or the contents you provide to your tenants for the cost to rebuild and replace them (we call that the ‘sum insured’) , if you had to do it today.
Remember, when we talk about your property, we don’t just mean the building itself. If you have things like fences, sheds, in-ground pools, or covered car spaces, they count too.
There are a few things to think about:
You can use our buildings calculator and contents calculator as a guide*.
Landlord Building Insurance covers the structures on your property, from the building your tenants live in, to fences, sheds, garages and in-ground pools. It also covers permanent fixtures and fittings – think floorboards, cabinets and even solar panels.
Landlord Contents Insurance covers the things you provide to the tenants in your rental property, that aren’t permanently attached. That means everything from furniture and appliances to curtains and carpets.
If you take out a combined policy, you can cover all possible bases. For example, if your house floods and damages the carpets, furniture and the roof, it’s all covered.
Yes, you can. You’ll be paid the fair and reasonable amount that the repairs should cost, but you’ll need to manage and arrange the repairs yourself.
If anything goes wrong (like faulty workmanship), it won’t be covered by your policy. Any repairs organised by RACV Insurance will have a lifetime guarantee.
Your rental property and contents are covered for a range of events including fire, flood, theft or storm.+
You're not covered for:
There are also some items that aren’t covered, like:
1 Unless you have chosen to remove Flood, Rainwater run-off or Storm Surge cover where we have identified your home at risk of flooding. Other conditions apply including that damage caused by actions of the sea is not covered.
For full details of what is and isn’t covered, read the Product Disclosure Statement.
Your policy provides rent default cover of up to $10,000, plus associated legal costs up to $10,000, if your tenant stops paying rent or leaves without notice.
We do not cover rent default if:
To understand what's covered under rent default, please read the Product Disclosure Statement.
To buy Landlord Insurance, you need a written rental agreement that’s at least one month long.
If you don’t have an agreement, you might want to check out Home Building Insurance.
If you do rent out all or part of your home using platforms like Airbnb or Stayz, you’re not covered if paying guests:
There are a few different ways you can take control of your policy.
Change your basic excess
You can change your basic excess online at your policy renewal time.
Keep in mind that choosing a higher basic excess may reduce your premium. But remember: if you make a claim, you’ll pay more out of pocket.
Update your contact details and payment methods
You can also update your contact details and payment method online.
Make additional changes
Give us a call on 13 72 28 to make other changes, such as updating:
Your policy offers cover for several types of damage by tenants, their pets or their guests.§
This includes:
Some exclusions apply. For full details of what is and isn’t covered, read the Product Disclosure Statement.
Keep in mind that if a claim is paid out due to damage caused by a tenant, we’ll deduct your basic excess, plus 4 times the weekly rental amount.
§ This cover is not available if a previous claim for rent default, theft or damage by tenant has been paid under the same tenancy or if your tenant is behind rent payments before policy start date. A valid rental agreement is required.
** Covered under Landlord Buildings Insurance only, if the home is deemed unliveable. A valid rental agreement is required.
§ We will deduct from your claim four times the weekly rental amount in addition to any excess that applies. A valid rental agreement is required. This cover is not available if a previous claim for rent default, theft or damage by tenant has been paid under the same tenancy, or if your tenant is behind in rent payments before your policy begins.
+ Unless we have offered you the option to remove cover for Flood, Rainwater run-off or Storm surge, and you have chosen to do so.
++ Up to $800 if a key for an external lock to your rental property is stolen during a theft at your site or if it’s not returned to you upon termination of a tenancy. Does not apply if only claiming for theft of keys
‡ 80% off only applies to the first 12 months and when you buy the plan online at the same time as your insurance. You'll be charged for your Emergency Home Assist and insurance separately and you cannot choose the 'pay later' option. If you choose to pay monthly, an administration fee of 50 cents is included in your monthly payment amount, equivalent to a maximum of $6 per annum.
# RACV Years of Membership: at 5 years Bronze cardholders receive a 5% discount, at 10 years Silver cardholders receive a 10% discount, at 25 years Gold cardholders receive a 15% discount and at 51 years Gold 50 cardholders receive a 20% discount.
* The Multi-Policy Discount and Years of Membership Benefits exclude Travel, Business and Farm Insurance products. To qualify for the Multi-Policy Discount, you must hold two eligible RACV Insurance policies. For further details, see the Premium, Excess and Discounts guide at racv.com.au. Discounts will only be applied until any applicable minimum premium is reached. On renewal, any increases or decreases in your premium may be limited by factors such as your previous year’s premium. You may not save more with more eligible policies and by staying with RACV Insurance longer if a minimum premium is reached, or limits have been applied to increases or decreases in your premium.
^ The Cordell Sum Sure Estimate is an estimate of the cost to rebuild the improvements on your property and is generated by the Cordell Sum Sure Calculator which uses available property attribute information (including information you input or confirm) and/or information collated by CoreLogic about the subject property (from insurers and other third party sources) and analyses them against construction industry data to statistically derive a rebuild estimate through a series of computer implemented algorithms (Cordell Sum Sure Estimate).
The Cordell Sum Sure Estimate does not take into account individual design features, site specific conditions, structural conditions and materials, local planning laws or any other regulations and may not be suitable for your particular circumstances. The Cordell Sum Sure Estimate is an indicative guide only and must not be relied upon as an accurate representation of the costs associated with rebuilding your property or in lieu of appropriate professional advice.
While CoreLogic uses commercially reasonable efforts to ensure the Cordell Sum Sure Estimate is current, CoreLogic does not warrant the accuracy, currency or completeness of the Cordell Sum Sure Estimate and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cordell Sum Sure Estimate.
~ Typical home contents replacement costs are provided by Sum Insured. Whilst all reasonable care is taken to ensure the accuracy of the information as a guide for costing building contents replacement costs, no responsibility is accepted by Sum Insured for its accuracy. Please check with a Valuer or other suitably qualified professional for an accurate costing estimate. Insurance Australia Limited (A.B.N. 11 000 016 722) takes no responsibility for the costs provided by Sum Insured nor any liability for the accuracy of or reliance upon or use of, the costs.
This service is licensed to Insurance Australia Limited (A.B.N 11 000 016 722) for use by its customers.
© 2003 - 2025 Sum Insured is a trading name of Land Services SA Operating Pty Ltd (ACN 618 229 815) as trustee for Land Services SA Operating Trust (ABN 86 836 650 939). The building contents replacement cost calculator is registered under Australian Patent Number 2010202987.
The information provided is general advice only. Before making any decisions please consider your own circumstances and the Product Disclosure Statement and Target Market Determinations. For copies, visit racv.com.au. As distributor, RACV Insurance Services Pty Ltd AFS Licence No. 230039 receives commission for each policy sold or renewed. Product(s) issued by Insurance Manufacturers of Australia Pty Ltd ABN 93 004 208 084 AFS Licence No. 227678.
