Contents insurance can help cover belongings such as furniture, appliances, clothing and electronics if they are damaged, lost or stolen, depending on the policy. As a first home buyer, remember that contents cover is generally separate from building insurance, which covers the house and permanent fixtures. Work out a realistic sum insured based on the cost of replacing everything, and check limits for jewellery, laptops, bicycles and other valuables. Compare exclusions, excesses and accidental-damage options, and ask the insurer how strata or shared-building arrangements affect your cover.