By David Saks
#2339 Homeowner's purchase homeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false ? A. False Homeowner's insurance doesn't cover replacement because of age, although it does cover financial losses created because of fire, vandalism or burglary. There are many different varieties to the formula when considering underwriting an homeowner's insurance policy. In some cases, supplemental policies which cover appliances and HVAC may be considered.