RAA Landlord Insurance Review

RAA landlord insurance policies

Here are the policies that you can get through RAA:

Landlord (Permanent) Rental

This type of policy is for traditional rentals and cover you for several insured events such as storms, theft, fire and vandalism.

Short Stay (Holiday) Rental

RAA is one of a handful of insurers that provide short term rental insurance for landlords looking to rent out their holiday home or property. To be eligible, your property must be used primarily as a rental property and you mustn't be there for more than 50% of the time, unless RAA has agreed with you otherwise. Like Landlord (Permanent) Rental insurance, you can get cover for the building only, the contents only or a combination of the two.

Here's some of the main insured events you'll be covered for with RAA landlord insurance.

Here's an overview of RAA landlord insurance features

Bottom line about RAA landlord insurance

RAA landlord insurance is one of the only insurers that offers short term rental cover suited to renting out a holiday home or Airbnb. However, it's only available in South Australia.

If you want to see how it stacks up against other policies, you can compare landlord insurers side-by-sidehere.

FAQs about RAA landlord insurance

• Who's eligible for an RAA landlord insurance policy?

  According to RAA's Target Market Determination (TMD) document, this product is suitable for:

  • Those who own and lease a property or short stay in South Australia or Broken Hill.
  • Those who have a home that meets underwriting criteria like having an acceptable building type, living in an acceptable postcode, and that your home is maintained.
  • Those who want financial protection from loss or damage to their investment property.

• How do I make a claim with RAA landlord insurance?

  To make an RAA landlord insurance claim you can call RAA on 8202 4575. To lodge your claim, you'll need:

  1. Your name, address and contact details, including those of anyone else involved.
  2. A police report number if your claim involves theft or burglary.
  3. Precise details of what happened and, if possible, photos, receipts and evidence of the damaged item itself if it's safe to hold onto it.

  RAA can talk you through any other steps when you call.

• What is RAA's excess and when do I pay it?

  An excess is a contribution that you're required to make when you make a claim. All insurers generally have one or more. Here are some that may apply to you with RAA.

  • Basic Excess. The Basic Excess will be the same for all claims and is generally always a requirement.
  • Tenant Damange Excess. There is generally a Tenant Damage Excess for claims relating to loss or damage and this replaces the Basic Excess.
  • Tenant Theft/Burglary Excess. There is usually a specific excess for claims relating to burglary, theft or attempted theft, which will replace the Basic Excess.
  • Tenant Default Excess. There is usually a specific excess that applies to claims relating to tenant default, tenant death and loss of rent due to tenant hardship. It replaces the Basic Excess.
  • Additional excesses. Other additional excesses can include an Earthquake or Tsunami Excess, and a Non-Removable Excess based on your claims history and the information you provide.

• Who is the underwriter for RAA landlord insurance?

  RAA Insurance products are issued by RAA Insurance Limited.

• Can I get covered for malicious damage by tenants with RAA?

  Yes. RAA landlord insurance policies covers malicious damage and intentional damage by tenants or tenant guests.

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