LE Estimated Taxes, Insurance and Assesments

I think we had some confusion over this earlier but in this section of the loan estimate, this needs to be completed even if we do not escrow correct? In the "In Escrow" column, it will just say NO, correct?

Thank you.

Yes, that is my understanding.

As a follow up, the property tax and homeowners insurance needs to filled out as well, correct?

Ok, I'm reading a CFPB document and am more confused. What is meant as "Homeowners Insurance"?