When comparing contents insurance in Melbourne, check that the sum insured reflects the cost of replacing your belongings, including furniture, electronics, clothing and valuables. Read the policy’s Product Disclosure Statement to understand cover for theft, fire, storm, water damage and optional extras, as exclusions and limits can differ. Your premium may be affected by your postcode, security features, claims history, excess and whether you rent or own the property. Compare quotes from several insurers and confirm the policy suits your circumstances before buying.