Home Insurance is for homeowners who live in their home and want insurance for their building and fixtures. It covers the residential buildings, domestic outbuildings, fixtures, services like electricity, water and gas, swimming pools and paved driveways etc.
Contents Insurance is for homeowners living in their home or renters renting a home who want insurance for their things. Contents includes things like art, watches, jewellery, sporting equipment, carpets, rugs, furniture, electronics, bicycles, portable musical instruments and more.
For a full list of what's included, check out the PDS here.