Start by estimating your home’s rebuilding cost and the value of your contents, rather than relying on the property’s market value. Check what is included, excluded and subject to limits, particularly for floods, storms, theft, valuables and temporary accommodation. Keep your policy details, receipts and photographs up to date, and tell your insurer about renovations, changes in occupancy or security improvements. Comparing policies can help, but the right cover and premium depend on your circumstances and the insurer’s assessment, so read the Product Disclosure Statement and ask the provider or a licensed adviser about anything unclear.