Your home insurance policy is a comprehensive cover for the building structure or its contents or both. Despite that, there are number of exclusions which you need to consider while buying the insurance. The providers may not cover the following:
High value items: Most insurance providers have a set limit for the cover of high value possessions. If there is any possession that is costlier than this amount like expensive jewellery or electronic gadgets then you need to consult your policy provider and check if they offer a cover for it or not.
A home based business: Most providers will not entertain any liability that crops up from a home based business. Damage to the business equipment may not be covered under the home insurance policy unless there were special provisions declared while buying the policy.
Subletting the home: Losses incurred due to theft or other damages may not be covered if you let or sub-let your home. It is considered only if there are signs of a forced entry into the house.
Pair of furniture: You may not be able to get a payoff if a single part of the pair or furniture set gets damaged. The policy cover will pay only for the cost of replacing the damaged part.
The exclusions may vary with the policy provider. So, better check with your insurer while buying the home insurance policy.