When comparing home insurance, look beyond the premium and check whether the policy covers your building, contents or both, and whether it pays an agreed or replacement value. Compare limits, exclusions, excesses and optional cover for events such as floods, storms, accidental damage and temporary accommodation. Check how the insurer handles claims, including timeframes, repairers and any limits on high-value belongings. Your circumstances and property risks affect the suitable cover and price, so read the Product Disclosure Statement and contact the insurer or a licensed insurance professional if you need help interpreting the policy.