Home insurance commonly includes building cover, contents cover, or both, with options such as personal liability and protection for events like fire, storm or theft. The building sum insured should reflect the estimated cost to rebuild, including demolition, labour and compliance costs, rather than the property's market value. For contents, make an inventory and keep evidence of valuable items, while checking limits and exclusions for jewellery, electronics and accidental damage. Compare each insurer's Product Disclosure Statement (PDS), and ask the insurer or a licensed adviser how your circumstances may affect cover.