Does Home Owners Insurance Decrease with Property Value?

 

 

As we all know the property values continue to plummet. If my property value has depreciated a significant amount will my Home Owners Insurance be less due to the decreased value? Logically I say yes but I am a new homeowner and am unsure.

 

BEST ANSWER: Help yourself - you can check your quotes in internet, for example here - http://WWW.SAVEFINDER.NET

 

SOURCE: http://www.insurelabs.com/forums/topic/does-home-owners-insurance-decrease-with-property-value/