When comparing contents insurance quotes, check the cover limits, exclusions, excess and whether the policy provides replacement or market value for damaged or stolen items. Premiums can vary based on your location, security features, claims history, selected sum insured and optional benefits such as portable valuables cover. Make sure the contents sum insured reflects the likely cost of replacing your belongings, including smaller items that can add up. Read the Product Disclosure Statement and confirm important details with the insurer before buying, as the insurer ultimately decides whether a claim is covered.