When comparing contents insurance in Sydney, estimate the replacement cost of your belongings and check whether the policy covers theft, fire, storm damage, water damage and accidental damage. Strata insurance generally covers the building and common areas, not your furniture, electronics, clothing or personal items. If you own valuables, check single-item limits and whether portable cover is available for items taken outside the home. Compare exclusions, excesses and claim limits, and confirm the final cover and premium directly with the insurer based on your circumstances.