Bundled insurance may combine building and contents cover, and sometimes other policies, under one insurer or package. It can simplify renewals and may offer a discount, but the overall value depends on the premium, excesses, limits, exclusions and whether you need every component. Check your building sum insured carefully, especially for rebuilding costs, and confirm whether strata insurance already covers parts of the property. Read the product disclosure statement and compare separate policies, or ask a licensed insurance adviser or insurer to explain the options for your circumstances.