Check the cover level, policy limits, excess, exclusions, waiting periods and whether the policy covers replacement value or market value. Compare premiums, payment options, discounts, claim limits and any conditions that could affect a claim, such as security requirements or maintenance duties. Make sure the insured amount reflects your circumstances and review optional extras, such as roadside assistance or accidental damage, rather than assuming they are included. Read the product disclosure statement and confirm any questions with the insurer or a licensed insurance adviser before deciding.