When comparing home insurance in Wollongong, check whether the policy covers storm, flood, bushfire, storm surge and other risks relevant to your property’s location. Read the definitions carefully, as flood cover may be optional or subject to exclusions, excesses and specific conditions. Choose building and contents sums insured that reflect current rebuilding and replacement costs, not just your home’s market value. Premiums, coverage and eligibility are set by each insurer, so compare the Product Disclosure Statement and ask the insurer how its policy applies to your address.