RACV building insurance: what each policy covers, and who underwrites it
3 building policies from RACV. 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 Insurance Manufacturers of Australia Pty Limited.
- Website
- racv.com.au/insurance/home-insurance.html
- What it is
- Brand
- Listed on
- Houses and rental properties, Business premises and property owners
- Underwriter
- Insurance Manufacturers of Australia Pty Limited
- APRA
- Authorised by APRA to write new general insurance (listed as Insurance Manufacturers of Australia Pty Limited)
- Sold by
- RACV Insurance Services Pty Ltd · AFSL 230039
Building policies
RACV Home Buildings Insurance
- Type
- Home building · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included, can be removed
- Accidental damage
- Optional extra
- Left empty
- No cover after 60 days. Only if the home is also not kept in a lived-in state (lawns mowed, mail stopped, someone checking inside and out weekly).
- Who it is for
- Private residential buildings (free standing house, townhouse, villa, duplex, semi-detached or terrace) that are not under a registered body corporate; owner primary residence, holiday home or rented-out home.
- Documents
- Product Disclosure Statement and Policy Booklet (prepared 2 August 2022; amended by SPDS effective 11 October 2023) (2 August 2022) · Key Facts Sheet - Home Buildings (10 October 2023) · Target Market Determination TMDHBC003 (27 April 2026) · Financial Services Guide
- Flood cover can be removed only if RACV has identified the home as at risk of flooding and agrees; removing it also removes storm surge and rainwater run-off cover.
- Buildings under a registered body corporate are not eligible.
- Home and landlord policies are distributed to members of Royal Automobile Club of Victoria (RACV) Ltd by RACV Insurance Services Pty Ltd.
The policy
“Award-winning cover to help protect your home and contents, or insure both and save up to 10% with a multi-policy discount.”
Source: racv.com.au/insurance/home-insurance.html · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“This product is designed to be distributed by us or our distributors through the following means, where authorised: – Online – In shops and agencies – By calling contact centres”
Source: iag.com.au/tmd/TMDHBC003 · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“The Buildings sum insured is the amount of insurance you choose to cover your home.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/home-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“if we have identified your home is at risk of flooding, you may choose to remove this cover.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/home-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“You can also purchase optional cover for ‘Accidental damage’ to your home.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/kfs/key-facts-home-building-policy-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“you leaving your home unoccupied for 60 consecutive days or more and not maintaining it in a lived-in state by:”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/home-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Providing cover for a private residential building, including the fixtures and fittings, such as a: • Free standing house • Townhouse, villa or duplex • Semi-detached house or terrace”
Source: iag.com.au/tmd/TMDHBC003 · Confirmed on the insurer's page on 13 November 2026.
RACV Landlord Buildings Insurance
- Type
- Landlord · Residential
- Sold
- Direct
- Building valued as
- Sum insured
- Flood
- Included, can be removed
- Accidental damage
- Not stated
- Left empty
- No cover after 30 days. Only if the rental property is also not kept in a lived-in state (lawns mowed, mail stopped, someone checking inside and out weekly). Gaps between tenants count.
- Who it is for
- Private residential buildings (free standing house, townhouse, villa, duplex, semi-detached or terrace) that are not under a registered body corporate; rented out to tenants.
- Documents
- Product Disclosure Statement and Policy Booklet (prepared 2 August 2022; amended by SPDS effective 11 October 2023) (2 August 2022) · Target Market Determination TMDLBC004 (27 April 2026) · Financial Services Guide
- Flood cover can be removed only if RACV has identified the property as at risk and agrees; removing it also removes flood and storm surge cover (the PDS ties the option to rainwater run-off risk).
- Buildings under a registered body corporate are not eligible.
- Home and landlord policies are distributed to members of Royal Automobile Club of Victoria (RACV) Ltd by RACV Insurance Services Pty Ltd.
The policy
“Cover designed especially for landlords With options to protect your rental property, the furniture you provide tenants, or both.”
Source: racv.com.au/insurance/home-insurance/landlord.html · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“This product is designed to be distributed by us or our distributors through the following means, where authorised: – Online – In shops and agencies – By calling contact centres”
Source: iag.com.au/tmd/TMDLBC004 · Confirmed on the insurer's page on 13 November 2026.
How the building is valued
“The Buildings sum insured is the amount of insurance you choose to cover your rental property.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/landlord-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Flood
“If you do that and we agree, we will also remove cover for flood and storm surge cover.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/landlord-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“you leaving your rental property unoccupied for 30 consecutive days or more and not maintaining it in a lived-in state by:”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/landlord-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Providing cover for a private residential building, including the fixtures and fittings, such as a: • Free standing house • Townhouse, villa or duplex • Semi-detached house or terrace”
Source: iag.com.au/tmd/TMDLBC004 · Confirmed on the insurer's page on 13 November 2026.
RACV Business Insurance for commercial property owners
- Type
- Commercial landlord · Commercial
- Sold
- Direct
- Underwriter
- Insurance Australia Limited
- Flood
- Included
- Accidental damage
- Included
- Left empty
- No cover after 90 days. Unless the insurer agreed in writing.
- Who it is for
- Small businesses and sole traders with fewer than 20 employees and under $5 million annual turnover.
- Sold in
- VIC
- Documents
- RACV Business Insurance Product Disclosure Statement and Policy Booklet (August 2025) (1 August 2025) · Target Market Determination for Business Insurance (TMDBU001) (5 October 2021)
- Section 1 Property forms part of the policy only if shown on the Certificate of Insurance, so buildings cover is optional.
- Accidental damage is capped at $250,000 combined unless 'Additional Accidental Damage' is shown on the Certificate.
- Sold to RACV members; the RACV page is aimed at Victorian businesses.
The policy
“Make sure your commercial property is protected with RACV Business Insurance.”
Source: racv.com.au/insurance/business-insurance/property-owners.html · Confirmed on the insurer's page on 13 November 2026.
Underwriter
“This product is issued to members of Royal Automobile Club of Victoria (RACV) Ltd by Insurance Australia Limited ABN 11 000 016 722 AFS Licence No. 227681.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/business-insurance/pds/racv-business-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Get a quote and cover online or by phone.”
Source: racv.com.au/insurance/business-insurance/property-owners.html · Confirmed on the insurer's page on 13 November 2026.
Flood
“Delay of cover We will not provide any cover, for a period of 72 hours from the time of the commencement of Your insurance, for Damage or loss caused by: a) bushfire or grassfire, c) Flood, or d) Storm Surge.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/business-insurance/pds/racv-business-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“if the total combined Property Insured Sum Insured as shown in Your Certificate of Insurance is greater than $250,000, then the most We will pay in respect of Accidental Damage will be $250,000.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/business-insurance/pds/racv-business-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“Unless We otherwise agree in writing, We will not pay for any loss or Damage to Property Insured if the occurrence happens whilst Your Business Premises has been unoccupied for more than 90 consecutive days.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/business-insurance/pds/racv-business-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“RACV Business Insurance caters to the needs of small businesses and sole traders. This covers operations with less than 20 employees and less than $5 million turnover per year.”
Source: racv.com.au/insurance/business-insurance/property-owners.html · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“RACV Home Insurance is issued by Insurance Manufacturers of Australia Pty Limited ABN 93 004 208 084 AFS Licence No. 227678, a subsidiary of Insurance Australia Group Limited.”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/home-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Who sells it
“RACV Home Insurance is distributed to members of Royal Automobile Club of Victoria (RACV) Ltd, by RACV Insurance Services Pty Ltd ABN 74 004 131 800 AFS Licence No. 230039”
Source: racv.com.au/content/dam/racv-assets/documents/insurance/home-insurance/pds/home-insurance-pds-current.pdf · Confirmed on the insurer's page on 13 November 2026.
Insurance Manufacturers of Australia Pty Limited: licence
- AFS licence
- 227678 · INSURANCE MANUFACTURERS OF AUSTRALIA PTY LIMITED
- ABN
- 93004208084
- Licensed since
- 28 July 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.
Distributor's licence
- AFS licence
- 230039 · RACV INSURANCE SERVICES PTY LTD
- ABN
- 74004131800
- Licensed since
- 11 January 2004
- Principal business
- Melbourne VIC 3000
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
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