Key takeaways
- Match sum insured and excess across quotes.
- Check flood and accidental damage inclusions.
- Review sub-limits for valuables and electronics.
Home insurance quotes look similar until you read the PDS. Here is how to compare policies fairly before you renew or switch.
On this page
Match these inputs
Same building sum insured, contents sum insured, excess, and optional covers. A lower premium with a higher excess or lower sum insured is not a fair comparison.
| What's covered | Building | Contents |
|---|---|---|
| Walls, roof, permanent fixtures | ||
| Furniture and appliances | ||
| Theft of belongings | ||
| Fire damage to structure | ||
| Storm damage to roof | Varies | |
| Flood (varies by policy) | Varies | Varies |
| Legal liability on property |
Renters typically need contents only. Strata owners should check what the body corporate covers before buying building cover.
Inclusions that matter
Accidental damage, flood cover, motor burnout for appliances, and replacement vs indemnity for contents. Check sub-limits for jewellery, bikes, and business equipment if you work from home.
Common comparison mistakes
- Using market value instead of rebuild cost for building sum insured
- Ignoring flood exclusions in flood-prone areas
- Assuming strata building cover includes your renovations
- Choosing highest excess without checking affordability at claim time
General information only — not personal financial advice. Consider your own circumstances and read the Product Disclosure Statement (PDS) before purchasing any policy. Moneyhero may earn referral fees from some providers when you switch through us; this does not change how results are ordered. How we compare
Frequently asked questions
Straight answers about comparing in this category — what affects prices, how switching works, and how to read product documents before you decide.
What should I match when comparing home insurance?
Same building sum insured, contents sum insured, excess, and optional covers including flood and accidental damage.
How often should I review home insurance?
Annually and after renovations. Construction cost inflation can leave you underinsured within a few years.
Are cheapest quotes always the best value?
No. Lower premiums may reflect higher excess, lower sums insured, or narrower cover. Compare total protection, not headline price.
Does Moneyhero compare home insurance?
We help you compare home and contents policies. Results are shown before you share contact details.