7 weird and wonderful items on home insurance policies

Whether it’s emotional attachment or belief that they’ll come in handy one day, Australians have a hard time disposing of old electronic devices such as mobile phones and laptops.

And when it comes to old-school devices, no mobile phone resonates on RACV home insurance policies quite like the Nokia 3210, and for good reason, too.

The Nokia 3210 is an iconic model and considered by many as the greatest mobile phone ever made. The phone features endless battery life, bold colours, the iconic Snake game, and a seemingly smash-proof body that’s the envy of every accident-prone smartphone owner.

Will the Nokia 3210 ascend to collector status over the next decade like brick-esque mobile phones from the 1980s?

Time will tell, but some Victorians seem to think so.

While luxury watches from the likes of Patek, Omega, Tudor and Panerai are plentiful, there’s little doubt about which brand is most represented on RACV home insurance policies.

Founded in 1905, Rolex is synonymous with the luxury timepieces. In particular, the brand’s Submariner and Daytona models, famously worn by the likes of James Bond, Steve McQueen and Paul Newman, are ever-present as listed items on some policies.

Given the hot market for both vintage and contemporary Submariner and Daytona models, they’re also ascending quickly in value. It’s little wonder then that many owners elect to increase their insurance coverage for these treasured items.

Cryptocurrency might be all the rage, but a traditional form of investment diversification also makes an appearance on the list.

Long considered a safe investment in turbulent economic times, gold bullion blocks are still in vogue with savvy investors. 

There’s no more sentimental piece of jewellery than the engagement ring. Though gold dominates, rings of all precious metals adorn RACV home insurance policies, conveying love, dedication and passion in name alone.

Victorians love their sport. And the home insurance data reveals they also love immortalising their favourite sportspeople, teams and moments in sports memorabilia. While AFL-related memorabilia dominates, World Game items might just be some of the most valuable pieces listed on an RACV home insurance policy.

Considered by many to be the greatest footballer of all time, the recent death of Diego Maradona has caused interest – and prices – in signed memorabilia by the former Napoli and Barcelona legend to spike. Maradona’s career high came in 1986 when he was instrumental in driving Argentina to World Cup victory, making his jersey from this tournament highly sought after by collectors.

Interest in golf is booming. Thanks to its Covid-safe nature, more than 40,000 new members joined clubs around Australia in 2020.

And with the increase in popularity comes unprecedented demand for off-the-shelf and custom clubs, such as a set of Henry-Griffitts custom clubs.

So, for those lucky enough to be able to hit up acclaimed courses like Torquay and Goldfields, ensure that your precious clubs are protected in the event of something unexpected occurring in your home.

Precision shot guns are a must for those that undertake competitive shooting and Italian-made Perazzi examples are right up there for prestige and craftsmanship.

Unsurprisingly, Perazzi shot guns come with a price tag to match their premium construction, with prices starting at over $10,000 - making it a must-add to the home insurance policy.