What does personal possessions cover?

What personal possessions cover in Australia insurance includes theft, loss and accidental damage to personal belongings you carry $5K to $20K, such as clothing, jewellery, electronics, bags and sports equipment, costing $50 to $150 per year extra on contents insurance $300 to $800 per year for $30K to $80K contents. Personal possessions, also called personal effects or specified personal property, covers items you own and normally carry or wear, such as clothing $5K, jewellery $2K to $10K, watches $1K, electronics like phones $1K and laptops $2K, bags $500, sports equipment $1K and musical instruments $1K, for theft, loss and accidental damage inside and outside home, including worldwide cover $5K to $10K if specified. For example, contents insurance $80K for 2 bed flat covers personal possessions inside home $80K for fire and theft, but if phone $1K stolen at café outside home, personal possessions cover $5K extra $50 per year covers $1K claim minus excess $100. For jewellery $10K, you need specified personal possessions $10K cover $100 per year, with valuation required for items over $1K. So personal possessions cover theft, loss and accidental damage to personal belongings $5K to $20K including clothing, jewellery, electronics and bags, costing $50 to $150 per year extra on contents $300 to $800, with $5K to $10K cover away from home and worldwide, essential for jewellery $10K and electronics $3K outside home, with excess $100.