Like all insurance policies, you will only get so much coverage. Don't assume everything you imagine is covered and will just be worked out. Be aware that insurance policies are usually very specific on what they cover. It's common for homeowner plans to not provide coverage for damage that results from intentional destruction and outright negligence. If you run a business from home, your personal liability coverage probably won't cover lawsuits related to your business dealings. You'll need business insurance for that.