Is Your Home ACTUALLY Covered for Accidents? 🏡 🤔

Accidents are unpredictable and can result in costly damage to both your home and belongings. Accidental damage cover is an optional extra that you can add to your home insurance policy for those “Oh, no” moments, such as accidently breaking a vase that’s a family heirloom or spilling red wine on your carpet. Adding accidental damage cover to your building or contents or combined building and contents policy can help provide peace of mind for these unexpected incidents. This type of insurance can cover a wide array of scenarios, such as spills, breakages, or accidental damage. However, it’s essential to understand that not all types of accidental damage may be included in the policy, and an excess will apply for accidental damage claims. Accidental damage offers coverage for unexpected accidents that may occur to your property or belongings. Unlike standard cover that typically protects against “listed events”, such as storm, fire and theft, accidental damage cover helps provide broader protection and includes unintentional damage caused around the home. Imagine spilling red wine on your carpet to such a degree that the carpet needs to be replaced. Without accidental damage cover, you might face the financial burden of repairs or replacements. By adding accidental damage cover to your policy, you take a proactive step in protecting yourself against mishaps around your home that are caused unintentionally. One of the primary areas of coverage is electronics and appliances. In today’s digital age, we heavily rely on these devices. Accidental damage insurance can help cover the cost of repairing or replacing items if they are accidentally damaged. Additionally, this add-on covers furniture and personal belongings. Whether it’s a spill on your couch or the accidental breakage of valuable items, this policy can help cover repair or replacement costs. While accidental damage insurance is a valuable addition to your policy, it's important to be aware of certain exclusions that may limit or exclude coverage for specific situations. To find out all the specific exclusions, review the terms and conditions of your policy. Being aware of these exclusions allows you to take necessary precautions to protect your property and possessions. Read more: https://www.racv.com.au/royalauto/property/insurance/what-is-accidental-damage-cover.html 0:00 – Introduction to Accidental Damage Cover 0:27 – What is Accidental Damage Cover For Home Insurance? 1:14 – What is Accidental Damage? 1:36 – Benefits of Adding Accidental Damage Cover 1:58 – What May Be Covered? 2:28 – What May Not Be Covered? 4:11 – Understanding Your Excess For Accidental Damage Cover 4:50 – How To Add Accidental Damage To Your Policy 5:29 – Conclusion: Subscribe For More! Protect your home today 🔎 RACV Home Insurance The information provided is general advice only. Before making any decisions please consider your own circumstances and the Product Disclosure Statement and Target Market Determinations. For copies, visit racv.com.au. As distributor, RACV Insurance Services Pty Ltd AFS Licence No. 230039 receives commission for each policy sold or renewed. Product issued by Insurance Manufacturers of Australia Pty Ltd ABN 93 004 208 084 AFS Licence No. 227678. For more information: 🔎 https://www.racv.com.au 📱 Call us on 13 72 28 for general enquiries Subscribe to our newsletter: 📩 https://www.racv.com.au/royalauto/subscribe.html Follow us: https://www.youtube.com/racvofficial https://www.facebook.com/racv https://www.instagram.com/racvofficial https://www.linkedin.com/company/racv #racv #racvnewsandlifestyle