Refusing copy of Indemnity policy : LUSENET : Repossession : One Thread

Apparently the policy I paid for, believing it would protect me from negative equity (should such an unthinkable thing ever occur) actually is a private document between Halifax and the insurers. WELL THERE YOU GO....not only does it not protect me, it is also nothing to do with me whatsoever....the only thing it apparently has to do with me is that I paid for it. Sigh! Should I keep asking for it?

-- (, February 17, 2001


This is made pretty clear to borrowers these days, but I think the lenders are trying to project current standards back on to the late 80s and early 90s, when many of us were sold MIGs as protection for lender *and* borrower too. As you say, it comes as a shock to find out that MIGs were missold. The problem is trying to prove it, unfortunately.

-- Eleanor Scott (, February 17, 2001.

Yup, keep asking for it. Attend to any other questions in their last letter of refusal (I take it you have received a letter refusing requests for several different documents) and politely request sight of the MIG again, pointing out - politely - that you are not convinced that you owe them money on the basis of a secret agreement that even you, the alleged debtor, are not allowed to see.

That's the way this goes.... you just keep telling them stuff you have already told them.


-- Lee (, February 19, 2001.

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