Who is eligible for a RACV landlord insurance policy?

The main eligibility criteria for an RACV landlord insurance policy are as follows: The type of property you own. It must be a free standing house, townhouse, villa or duplex, semi-detached house or terrace. It's not suitable for body corporate buildings and houseboats. How you use the property. It must be rented out to tenants or a short-term rental agreement of more than 1-month. The condition of your home. The home needs to meet acceptable dwelling criteria. For example, it should be secure, watertight, structurally sound and well maintained. For liability cover, renovations must cost no more than $75,000.

How do I make a claim with RACV landlord insurance?

If an incident involves loss, damage, injury or death, immediately contact any relevant emergency services and take all reasonable measures to prevent any further incidents. Retain any relevant reports and documentation and contact RACV on 13 19 03 for Home Assistance or you can go to mymembership.racv.com.au to lodge your claim online. You can access any benefits provided by your policy as well as over-the-phone emergency support by calling RACV Aussie Assist on 13 72 28.

RACV Landlord Insurance Review

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Our Verdict

RACV landlord insurance is good if you want a reliable and trustworthy insurer that comes with lots of extra perks. However, it's mainly designed for Victorian landlords, with limited availability for eligible customers in New South Wales, the Australian Capital Territory and Queensland.

Pros

It comes with lots of benefits many others don't offer, including lawful removal and disposal of tenants' possessions for up to $10,000 if a tenant leaves without notice and damage from drug distribution and storage.
It's good for extra perks. When you take out a policy, you get access to discounts and savings as an RACV member.

Cons

It's not for everyone — only people with property in Victoria can get access to RACV.

What does RACV landlord insurance cover?

RACV landlord insurance comes with three insurance cover options: building insurance, contents insurance or combined contents and building insurance. Here's some of the main insured events it covers:

thunderstorm icon

Storms

fire icon

Fires

broken window icon

Breakage of glass

lock icon

Theft

water tap icon

Escape of liquid

An excess may apply (although no excess is payable for a liability claim) and policies come with a 21-day cooling-off period, which is the industry standard. This means if you cancel your policy within three weeks of taking it out, you can get a full refund.

RACV landlord insurance cover features

Standard features

Exclusions

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Standard features

Here are some of the main features that a RACV landlord insurance will cover you for if you make a claim for an insured event like a fire, storm or theft.

Loss of rent
Damage by tenants
Lock replacement costs up to $800
Damage from drug distribution and storage:
Lawful removal and disposal of tenants' possessions costs
Legal liability cover
Rent default

Exclusions

RACV's general exclusions are similar to many other insurers. You won't be covered for:

Loss or damage caused intentionally by you or by someone else with your or your tenant's consent.
Items that are covered by an insurance policy taken out by an owners' corporation or other similar body.

For a full list of general exclusions, make sure you read the RACV landlord insurance PDS.

Frequently asked questions

The main eligibility criteria for an RACV landlord insurance policy are as follows:
- The type of property you own. It must be a free standing house, townhouse, villa or duplex, semi-detached house or terrace. It's not suitable for body corporate buildings and houseboats.
- How you use the property. It must be rented out to tenants or a short-term rental agreement of more than 1-month.
- The condition of your home. The home needs to meet acceptable dwelling criteria. For example, it should be secure, watertight, structurally sound and well maintained. For liability cover, renovations must cost no more than $75,000.
If an incident involves loss, damage, injury or death, immediately contact any relevant emergency services and take all reasonable measures to prevent any further incidents. Retain any relevant reports and documentation and contact RACV on 13 19 03 for Home Assistance or you can go to mymembership.racv.com.au to lodge your claim online.
You can access any benefits provided by your policy as well as over-the-phone emergency support by calling RACV Aussie Assist on 13 72 28.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.

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Written by

Gary Ross Hunter

Journalist

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Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

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Gary Ross has written 521 Finder guides across topics including:

Health, home, life, car, pet and travel insurance
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