What Homeowners Insurance does not cover? 
Homeowner's insurance covers a broad range of losses or indemnity to people's houses and home possessions, as well as several types of liabilities for which homeowners might be accountable. It protects homeowners aligned with losses from such causes as theft, storms, and fires. In addition, homeowner's insurance characteristically pays for additional expenses related to home damage, such as fees for temporary lodging at the same time the damages are fixed. It moreover protects against frivolous lawsuits that could crop up from ownership of the property. It usually includes a type of coverage called medical payments. Such coverage would pay, for instance, for damages to a guest who slipped on the steps to the door of a house and suffered an injury. Homeowners insurance more often than not does not cover the risks associated with operating a home-based business, such as if a customer is injured on the premises.
It's paradoxical that a document of such great significance to homeowners is one that they often don't consider until disaster strikes. Unluckily, that's accurately the time when they discover that they're not covered for the things they to a great extent need when nature rears its sometimes ugly head or when a simple case of bad luck strikes. (NOAH ADAMS (2004)
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Think about it! More than ever, quality homeowners insurance is an absolute necessity. Without it, an accident or natural disaster could mean financial ruin to you or your family.
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