A useful home insurance guide should help you compare building cover, contents cover, or a combined policy, depending on whether you own or rent the property. Check the policy’s sum insured, excess, exclusions and definitions for events such as storm, flood, fire, theft and accidental damage. Make sure the estimated rebuilding cost and contents value are realistic, and ask whether high-value items need to be listed separately. Cover, limits and premiums vary between insurers, so read the Product Disclosure Statement and confirm details with the insurer before deciding.