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5 tips to review your home insurance

02 Feb 2026

2 min read

2026-02-02T00:00:00Z

Young Asian mother reviewing her home insurance on her laptop while taking care of her baby sitting on her lap.

If something was to happen to your home, it’s reassuring to know you have the right cover. That’s why it’s important to review your home insurance regularly, to help make sure you have adequate cover for what matters most.

1. Read your current policy

We understand reading documents isn’t at the top of everyone’s priority list, but a few quick minutes could make a big difference if you were in a position where you needed cover.

Check your policy provides insurance for what you need, and consider whether you need any optional covers.

2. Calculate today’s rebuild costs

It’s no secret that the cost of building materials and labour have increased over the years.¹ That means your home building insurance should be updated to reflect those costs.

For an estimate of current building costs for your home, use this handy calculator.

3. Estimate your contents value

Over time, people replace their furniture and buy new things. Big ticket items like jewellery, electronics, and whitegoods could make a real difference to the overall value of your contents.

You can estimate the value of your contents by using this calculator.

4. Compare insurance policies

With the influx of comparison sites like Finder, you can compare different home insurance policies quickly and easily. Look at what they cover, and which policies suit your needs.

Awarded Canstar’s National Outstanding Value Home & Contents Insurance for 2025, QBE Home Insurance might be a good place to start.

5. Consider your excess

With many of us tightening our belts, it can be tempting to increase your excess, so you pay less in regular premiums. But if you were faced with an emergency where you needed to claim, would you have the funds available to cover the excess amount?

That will be key to your decision.

By regularly reviewing your insurance, you can adjust your policy to help ensure your home and contents are adequately covered. And when it comes to cover, QBE has been at the heart of insuring Australians for almost 140 years.

Get a quote for QBE home insurance

¹ Insights into Output of Building construction prices | Australian Bureau of Statistics

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QBE Home Insurance is issued and underwritten by QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239545). Any advice provided is general only and has been prepared without taking into account your objectives, financial situation or needs and may not be right for you. To decide if this product is right for you, please read the QBE Home Insurance Product Disclosure Statement (PDS) and Target Market Determination (TMD) for QM8697 QBE Home Insurance.

This content is brought to you by QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239545) as a convenience to readers and is not intended to constitute advice (professional or otherwise) or recommendations upon which a reader may rely.

QBE makes no warranty or guarantee about the validity, currency, accuracy, completeness, or adequacy of the content in this article not relating to QBE’s insurance products. Readers relying on this content do so at their own risk. It is the responsibility of the reader to evaluate the quality and accuracy of this content. Reference in this article (if any) to any specific product, process, or service, and links from this content to third party websites, do not constitute or imply an endorsement or recommendation by QBE and shall not be used for advertising or service/product endorsement purposes.

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