Check that your building and contents sums insured reflect current replacement costs, including removal, demolition and professional fees where relevant. Read the policy’s exclusions, excesses and definitions carefully, especially for flood, storm damage, valuables and temporary accommodation. Keep receipts, photos and an up-to-date inventory of valuable belongings, and tell your insurer about renovations, tenants or changes to how the property is used. Compare policies based on cover as well as price, and ask the insurer or a licensed adviser about anything you do not understand.