Review your building sum insured and contents cover to reflect current rebuilding, replacement and removal costs, as being underinsured can leave a shortfall after a claim. Check whether flood, storm surge, accidental damage, temporary accommodation and valuables are covered, and read the policy’s exclusions, limits and excesses. Compare renewal terms and quotes from insurers, but check that lower premiums do not mean less protection. Your insurer can confirm how its policy applies to your circumstances, and a licensed insurance adviser may help with complex needs.