RACV Landlord Insurance
Landlord insurance caters to the needs of landlords, providing a home insurance product specifically designed to provide property owners with some protection against the financial loss that may result from owning a rental property.
Compare RACV landlord insurance
The table below displays a snapshot of RACV’s landlord insurance policies on Canstar’s database. Please note the products and Star Ratings displayed are based on a house in NSW.
What landlord insurance policies does RACV offer?
RACV offers three landlord insurance policies – building & contents insurance, buildings insurance, and contents insurance.
The building & contents policy covers several key risks in order to ensure peace of mind for both tenants and landlords, including:
- Cover for loss of rent – both for inhabitability after an insured event and if your tenant defaults on their payment.
- Damage to property – including the building, shed, garage and fence – caused by natural disasters or malicious acts.
- Accidental glass breakage
- Legal liability – for damage to third parties occurring on your property.
- Cover for electric motors – for example, if an air conditioner or toaster is damaged by an electric current.
- Theft or malicious damage caused by the tenant or their guest to your property.
- Contents including furniture and furnishings
- Keys and locks
Exclusions may apply when it comes to making a landlord insurance claim. Some common exclusions include:
- Gradual deterioration, neglect, lack of maintenance, structural failure or general wear and tear
- Pre-existing damage
- Any costs associated with the cleaning up or removal of asbestos
- Vermin or insects
- Invasion or war
- Erosion or landslides
- Any damage done during repairs or alterations being carried out on the house
For a detailed look at what may not be covered under an RACV landlord insurance policy, see RACV’s Product Disclosure Statement (PDS).