There are two types of home and content policies offered in Australia, generally they can be categorized as Accidental Damage and Defined Events.
Defined event policy’s are a budget offering from insurers that offer cover for common events like, fire, theft and storm damage, but may not cover certain flood events, accidental damage (breakage, heat damage motor burnout etc).
Accidental damage offers a higher level of cover and will cover the common claim types. Dropping your plasma will not be covered under a defined event policy, likewise a hot pot damaging your bench and what about a cricket ball through your large lounge window.