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Response to The letters are coming quicker now - any help please.

from Eleanor Scott (eleanor.scott@btinternet.com)
Pendle's answer above is extremely valuable, particularly the point (new to me) that the insurance company has a duty to make sure the property is sold for the best price.

Something else relevant to MIGs. I read that there was an interesting 'case' recently. Apparently Royal and Sun Alliance were suing Maxine and Stuart Carey from Essex for the amount that it paid out on their MIG after repossession. The Careys used Concept Management run by Peter Walker (see HRP for further info.) On Sept 5th 2000, 3 days before the county court hearing, th insurer dropped its claim and wrote off the 'debt'. I understand that this was after the judge insisted that the insurer produce full documentation to prove the claim.

Could this be because the insurer didn't want to produce the MIG policy? Does this suggest that older MIG policies are ambiguously worded, as Peter Walker has suggested before? Anyone else got any thoughts on this?

It is perhaps significant that so many people in our position are refused a copy of the MIG policy they paid for. I would like to know just how to see a copy of my MIG. My lender Abbey refuses to let me see it. They say it is 'confidential'. Hmm.

(posted 8531 days ago)

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