First home buyers should compare accident-only, accident-and-illness, and optional routine-care cover, then check limits, excesses, waiting periods and exclusions. Some policies may not cover pre-existing conditions, certain breeds, dental treatment or hereditary conditions, so read the product disclosure statement carefully. Budget for premiums and possible out-of-pocket costs alongside your mortgage, strata or council expenses and other new-home bills. Cover and claims are ultimately assessed by the insurer, so contact the provider or an insurance professional if you need help understanding a policy.