When comparing home insurance quotes, check the sum insured, excess, cover for events such as storm or flood, and whether the policy covers your building, contents, or both. Read the Product Disclosure Statement (PDS) for exclusions, limits, temporary accommodation and how claims are settled, such as replacement value or agreed value. A cheaper quote may provide less cover or have a higher excess, so compare policies on more than price. The insurer will decide the final premium and cover based on your property, location and personal circumstances.