Home insurance generally covers the building itself, while contents insurance covers belongings inside it — many insurers offer combined policies. This page is general information, not a quote.
What's typically covered
Standard policies generally cover events like fire, storm, and theft, though cover for specific risks like flood, or bushfire can vary considerably by insurer and by your property's location — some high-risk areas may see certain perils excluded or priced separately.
Sum insured versus total replacement
Some policies cap payout at a specific 'sum insured' you nominate, while others offer total replacement cover — underinsuring by nominating too low a sum insured is a common and costly mistake, so use an insurer's rebuild calculator rather than guessing.
Reading the PDS
The product disclosure statement (PDS) sets out exactly what's covered, what's excluded, and any sub-limits (such as a cap on jewellery or electronics) — this matters more than the headline price when comparing policies.
Key takeaways
Compare the actual PDS documents, not just price, and reassess your sum insured periodically as home values and renovation costs change.