Contents insurance can help cover belongings in your home against insured events such as theft, fire or storm damage, depending on the policy. Check whether items are covered for replacement value or market value, and set a realistic sum insured so your cover reflects the cost of replacing everything. Look closely at exclusions, excesses, limits for valuables and whether accidental damage is included or optional. Keep receipts, photos and valuations where possible, and compare the Product Disclosure Statement (PDS) before choosing a policy.