When comparing contents insurance in Melbourne, estimate the cost of replacing everything in your home, including furniture, electronics, clothing and valuables, rather than relying on a guess. Check whether the policy covers risks relevant to your location, such as theft, storm, fire, water damage and flood, as definitions and exclusions can differ between insurers. If you rent, contents cover may protect your belongings, while the landlord’s policy generally covers the building, not your possessions. Compare limits, excesses, optional accidental-damage cover and valuable-item sub-limits, then confirm the details with the insurer before buying.