$8,800 lost over 8 years
I call around every few years, trying to find better deals on auto and home insurance. This year, while getting a quote on homeowners insurance, the saleslady commented that my home was insured at my present company for too high a replacement cost for the size of home in square feet. I called my company and they couldn't tell me why it had been insured for that much! The agent said that he had offered to come out to the house several years ago and review our coverage, but my husband and I thought it was just a waste of time back then. He came over, reviewed everything related to the current policy, and when it was all said and done, we will be saving $1,100 this year (they had insured our house on a 2200 sq ft size instead of the correct size!) Too bad we waited 8 years --- we could've had $8,800 in the bank by now!