What does RACV Comprehensive Car Insurance cover?
What's the difference between Comprehensive and Complete Care® Car Insurance?
Complete Care® Car Insurance has the following inclusions:
Vehicle pick up and return from the scene of the accident to a repairer; or from your home or work to the repairer and back again
Post repair vehicle inspection for authorised repairs
Pet assistance to transport your furry friend home or to safety if it is with you at the time of an incident
Pay by the month at no extra cost.
There are also some differences in the amount of value you’ll be covered for. For example, with Complete Care® Insurance you’re covered for up to $100 per day for a hire car after an accident until your claim is settled, which is a higher amount than Comprehensive Insurance.
This is only a summary of the differences between RACV Car Insurance policies. Refer to the relevant Product Disclosure Statement for specific terms, conditions, limitations and exclusions.
Does this policy cover anyone who has permission to drive the vehicle?
Yes, as long as they have a valid driver’s licence. Additional excesses may apply for drivers under 25 and inexperienced drivers.
What is agreed value and market value?
Market Value is an assessment of the value of the vehicle at the time of the incident based on its age and condition. Because it is not a fixed amount, you won’t know how much compensation you’ll receive if you need to make a claim.
Agreed value is the amount you will be reimbursed in the event of a claim where your car is in which your car is declared a total loss and is agreed on by you (the car owner) and the insurer. The agreed value amount is agreed upon by the car owner and their insurer. Because it is a fixed amount, it provides more certainty on what compensation you can expect if your car is considered a write off after an accident.
You can only choose between agreed and market value if you purchase a Comprehensive or Complete Care® Car Insurance policy.
What can you claim on Comprehensive Car Insurance?
Comprehensive Insurance can protect you from loss or damage to your vehicle caused by any of the following incidents: an accident including a collision, flood, fire, malicious act, storm, theft or attempted theft, as well as damage you cause to other people's property.
This is only a summary of the inclusions for RACV Comprehensive Insurance. For more information, such as conditions, limits and exclusions, please read the Product Disclosure Statement.
Do I need Comprehensive Car Insurance?
Comprehensive car Insurance protects you from potentially hefty bills in the event of an accident. Regardless of who is at fault, you and anyone permitted to drive your vehicle, will be covered for collision damage to your vehicle and unintentional collision damage to other people’s property.
If you only want to purchase insurance cover for damage you cause to other people’s property, then you may wish to purchase a Third Party Fire & Theft, or Third Party Property Damage Insurance policy.