Response to How long does a lender have to claim on a MIG?

But wouldn't a lender have to claim pretty quickly on a MIG policy after the property is sold, just as any other 'policy holder' would have to claim pretty sharpish on any policy, after the 'event' or whatever which gave rise to the claim actually occurred? [in this case the sale of the property]. There are usually quite strict conditions laid down about this in all insurance policies.

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