Compare cover for building damage, landlord contents, loss of rent, rent default and liability, as these features and limits can vary between policies. Check key exclusions, such as unapproved renovations, tenant damage, wear and tear, and periods when the property is unoccupied. Look at the excess, claim limits, eligibility conditions and whether the policy covers short-term or furnished rentals. Compare the Product Disclosure Statements and consider getting guidance from a licensed insurance broker before choosing a policy.