When comparing home insurance in Melbourne, check that the policy covers your building and belongings for risks relevant to your area, such as storm damage, flooding, fire, theft and escape of liquid. Pay close attention to the sum insured, excesses, exclusions and whether temporary accommodation is included after an insured event. Older homes, heritage features, renovations and locations near waterways may affect the cover available or the premium. Compare the Product Disclosure Statement (PDS) and ask insurers how they assess your property, as coverage, pricing and claims decisions depend on your individual circumstances.