If the downturn in home prices has led you to think that you might save some money by reducing the coverage on your homeowners insurance, you might want to think twice about this. It is important to realize that the cost of premiums is linked with the cost of rebuilding your home, not with its current market value. If you were to skimp on coverage, you could find yourself under-insured. In fact, the cost of rebuilding has lately been increasing. As a result, it may make sense to review the rebuilding costs in your area and adjust your coverage accordingly with the help of your agent. A better way of reducing the cost of home insurance safely is to consider raising your deductible! Call Scott Insurance to help evaluate your home insurance.