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RAA building insurance: what each policy covers, and who underwrites it

2 building policies from RAA. For each: how the building is valued, whether flood and accidental damage are covered, and what happens once the building is left empty, with the sentence from its own documents. Underwritten by Allianz South Australia Insurance Limited.

Website: raa.com.au/
What it is: Brand
Listed on: Houses and rental properties
Underwriter: Allianz South Australia Insurance Limited
APRA: Authorised by APRA to write new general insurance (listed as Allianz South Australia Insurance Limited (formerly RAA Insurance Limited))
Sold by: Royal Automobile Association of South Australia Limited

Building policies

RAA Home and Contents Insurance (home building cover)

Type: Home building · Residential
Sold: Direct
Building valued as: Sum insured + 10%
Flood: Included
Accidental damage: Not stated
Left empty: Some events not covered after 90 days. Not covered then: theft, malicious damage. You must tell the insurer. Cover returns once the home is occupied again. Unoccupied means no one eating, sleeping and living there, or no electricity connected.
Who it is for: Owners of a home located in South Australia (TMD).
Sold in: SA
Documents: Product Disclosure Statement (prepared 30 August 2021, with 1 July 2025 SPDS bound in front) (30 August 2021) · Key Facts Sheet - Home Building (prepared 1 July 2025) (1 July 2025) · Target Market Determination (effective 1 July 2025) (1 July 2025)

Accidental Damage is an optional cover in the PDS but its wording covers Contents only; no accidental-damage option for the building was found, so the field is null. Accidental breakage of glass and sanitary fixtures is included.
The PDS is dated 30 August 2021 and is amended by a Supplementary PDS effective 1 July 2025 that changes the insurer name from RAA Insurance Limited to Allianz South Australia Insurance Limited.
The safety-net buffer (10% of the Sum Insured) is shown in the PDS table of additional benefits.

The policy

“Award-winning home insurance built for South Australians”

Source: raa.com.au/insurance/Home-insurance · Confirmed on the insurer's page on 13 November 2026.

How it is sold

“Get a quote online”

Source: raa.com.au/insurance/Home-insurance · Confirmed on the insurer's page on 13 November 2026.

How the building is valued

“your Home has been damaged as a result of an Insured Event; and • the Cost of replacing, repairing or rebuilding your Home exceeds your Sum Insured, we will provide additional Cover to replace, repair or rebuild your Home.”

Source: raa.com.au/-/media/Project/RAA/Web/Files/Home/HomeInsurance/raa-home-and-contents-insurance-pds-product-disclosure-statement-30-9-2021.pdf?la=en&hash=062A650923E940EA7F2E9A3EED101C53 · Confirmed on the insurer's page on 13 November 2026.

Flood

“Cover for loss or damage to the Insured Property as a result of Flood.”

Left empty

“We will not Cover you for loss, damage or liability caused by or arising from Theft or Malicious Damage if the Home has been Unoccupied for more than 90 consecutive days and remains Unoccupied at the time of the Theft or the Malicious Damage”

Who it is for

“Home Insurance is persons who: • owns a home located in South Australia;”

Source: cdn-raa.dataweavers.io/-/media/Project/RAA/Web/Files/Home/HomeInsurance/tmd-home/raa-home-and-contents-insurance-target-market-determination-30-9-2021.pdf?rev=09914360f2a448eeaa54def867237e49 · Confirmed on the insurer's page on 13 November 2026.

RAA Landlord and Short Stay Insurance (building cover)

Type: Landlord · Residential
Sold: Direct
Levels of cover: Landlord (permanent rental), Short Stay (holiday rental)
Building valued as: Sum insured + 10%
Flood: Included
Accidental damage: Not stated
Left empty: Some events not covered after 90 days. Not covered then: theft, malicious damage. You must tell the insurer. Cover returns once the rental property is occupied again. Unoccupied means no one eating, sleeping and living there, or no electricity connected.
Who it is for: Owners of a rental or short stay (holiday) rental property located in South Australia (TMD).
Sold in: SA
Documents: Product Disclosure Statement (prepared 30 August 2021, with 1 July 2025 SPDS bound in front) (30 August 2021) · Key Facts Sheet - Landlord · Target Market Determination (effective 1 July 2025) (1 July 2025)

Accidental loss or damage caused by a Tenant or Guest of a Tenant is an additional benefit; the PDS lists no separate optional Accidental Damage cover for the building, so the field is null.
The PDS is dated 30 August 2021 with a 1 July 2025 SPDS changing the insurer name to Allianz South Australia Insurance Limited.

The policy

“Cover for your rental property with insurance built for South Australians”

Source: raa.com.au/insurance/Landlord-and-Short-Stay-Insurance · Confirmed on the insurer's page on 13 November 2026.

How it is sold

“Get a quote online”

Source: raa.com.au/insurance/Landlord-and-Short-Stay-Insurance · Confirmed on the insurer's page on 13 November 2026.

How the building is valued

“your Building has been damaged as a result of an Insured Event; and • the Cost of replacing, repairing or rebuilding your Building exceeds your Sum Insured, we will provide additional Cover to replace, repair or rebuild your Building.”

Source: raa.com.au/-/media/Project/RAA/Web/Files/Home/Landlord/raa-landlord-and-short-stay-insurance-pds-product-disclosure-statement-30-9-2021.pdf?la=en&hash=6D0BF748BADC927AF3EC31F244328A95 · Confirmed on the insurer's page on 13 November 2026.

Flood

“Cover for loss or damage to Insured Property as a result of Flood.”

Left empty

“We will not Cover you for loss, damage or liability caused by or arising from Theft or Malicious Damage if the Rental Property has been Unoccupied for more than 90 consecutive days and remains Unoccupied at the time of the Theft or the Malicious Damage.”

Who it is for

“The Target Market for Landlord and Short Stay Building Insurance is persons who: • owns a rental property or short stay (holiday) rental located in South Australia;”

Source: raa.com.au/-/media/Project/RAA/Web/Files/Home/Landlord/tmd-landlord/raa-landlord-and-short-stay-insurance-target-market-determination-30-9-2021.pdf?la=en&hash=363CA1032464B3D50F5D667B1D795E0A · Confirmed on the insurer's page on 13 November 2026.

Who underwrites and sells it

Underwriter

“Allianz South Australia Insurance Limited ABN 14 007 872 602 AFSL 232525 (Allianz SA) is the insurer of this policy.”

Who sells it

“Royal Automobile Association of South Australia Limited ABN 90 020 001 807 (RAA) has been authorised under a binder by Allianz SA to issue this policy on behalf of Allianz SA.”

Allianz South Australia Insurance Limited: licence

AFS licence: 232525 · ALLIANZ SOUTH AUSTRALIA INSURANCE LIMITED
ABN: 14007872602
Licensed since: 17 November 2003
Principal business: Sydney NSW 2000
General insurance: Licensed to deal in general insurance products

From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.

Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. What each policy covers and who underwrites it are read from each insurer's own documents by hand and re-checked daily, so a change can take a day to appear, and the policy wording you are issued is what applies to you. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.