Overpaid Home Insurance By 3x The Amount For 16 Years.
Location: Minnesota
We were first time home buyers in Minnesota. We got our home insurance through Geico who sub-contracted it through Liberty Mutual. After 16 years our insurance went up to where could not pay out mortgage and were in the process of foreclosure. Through this process I found out we were paying insurance an a home with 3 bathrooms, 90% carpeted and a garage. We live in a 3 bedroom 1 bathroom 1,500 square foot home and was paying $12000-$16000 a year for insurance. We re-did our insurance and now pay $4000 a year. We could have paid off our house with the amount we were paying in i surance. My question is there anything we can do to recoup some of the money paid in? I know 6 years is the statute of limitations but anything would help since I had to cash out my 401k I was building for 20+ years to keep the house. Our monthly bill went from $3000 to $1000. Any help would be greatly appreciated
Edit: Didn't think anyone would reply. I will get more detailed info. I was more looking for do I have any ground to pursue this since it has been bugging me or should I just kick rocks.
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