Contents insurance generally covers belongings kept in your home, such as furniture, electronics, clothing and appliances, against insured events like theft, fire or storm damage. Policies differ, and some may offer optional accidental-damage cover or limits for valuables, jewellery and portable items. Work out the replacement cost of everything you own and check whether the policy covers new-for-old replacement, temporary accommodation and items in storage. The insurer will decide cover and claims under its policy terms, so read the Product Disclosure Statement and ask the provider about exclusions and limits.