When comparing contents insurance, check whether policies cover replacement value or current value, and whether the sum insured would cover all your belongings. Compare limits for valuables, electronics, jewellery and portable items, along with exclusions, excesses and optional cover such as accidental damage or personal effects away from home. A cheaper premium may provide less cover or higher out-of-pocket costs, so read each insurer’s Product Disclosure Statement (PDS) carefully. The final premium and whether a claim is covered depend on the insurer and your circumstances.