When comparing building insurance quotes, check the level of cover, building sum insured, excesses, exclusions and whether the policy covers accidental damage or only listed events. Make sure the sum insured reflects the likely cost to rebuild your home, including demolition, professional fees and compliance costs, rather than its market value. Give each insurer the same accurate details about the property so the quotes are comparable. Premiums and cover can vary, so review the Product Disclosure Statement and confirm the final option with the insurer or a licensed insurance professional.