Check that the building sum insured reflects the cost to rebuild your home, including demolition, debris removal and professional fees, rather than its market value. Make a separate contents inventory, note valuable items and confirm whether limits or appraisals apply. Review covered events, exclusions, excesses, temporary accommodation, legal liability and any conditions such as security or maintenance requirements. Read the Product Disclosure Statement and update your insurer after renovations or major purchases, checking with the insurer if you are unsure about cover.