List your belongings room by room, including furniture, electronics, clothing, jewellery, appliances and other valuables, and estimate their replacement cost. Check whether the policy covers listed items, accidental damage, temporary accommodation, storage and valuables away from home, as well as any exclusions, excesses and item limits. Keep receipts, photos or valuations where available, and find out whether claims are settled on a new-for-old or depreciated basis. Read the insurer’s Product Disclosure Statement and update your contents list after major purchases or changes to your home.