Home Contents Insurance is available with - or separately from - home insurance. For owner-occupiers, tenants or landlords, Home Contents Insurance covers the contents of your home.

How to value your contents

Many people make the mistake of valuing their contents at the price they were purchased for. This will generally undervalue the goods and will mean you run the risk of being underinsured.

But, in some cases this may overvalue them, such as in the case of computers that have gone down in value over time.

Contents should be valued at their replacement value - what it will cost to buy a new item similar to the old. For example, your 51 cm TV may have cost you $550 to buy 6 years ago. To replace it today might cost $750.