A useful home insurance guide should explain the difference between building, contents and combined cover, along with options such as accidental damage and flood cover. Check the policy’s Product Disclosure Statement (PDS) for exclusions, excesses, limits, replacement-value rules and conditions that apply to security, maintenance or unoccupied homes. Work out realistic building and contents sums insured, as underinsurance can affect a claim outcome. Premiums and cover vary between insurers, so compare policies and confirm details directly with the insurer or a licensed insurance professional.