15 Homeowners Insurance Questions You Need AnsweredAdvertiser Disclosure X Our reviews and comparison website is based on our own views and opinions. Choosing the best homeowners insurance policy for you and your loved ones can be very overwhelming. To help make things easier, we broke down the 15 most common questions people ask when tackling the world of homeowners insurance. To show you why homeowners insurance is so important, consider the example of a natural disaster destroying your home. An actual cash value homeowners insurance policy pays claims after accounting for any depreciation in your home’s value.