Just because the value of your home may go down, it doesn’t mean you should reduce the cost of insurance. In fact, you should never use the home value to insure your home with. You should always look at the cost to rebuild and replace all the items in your home.

To help save on that, you can raise your deductible. An increase from $500 to $1,000 could save up to 30 percent on your premium payments.


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