Kate,(posted 8185 days ago)Is the MIG an older Sun Alliance policy? I ask because I have seen a blank one of these, and it states at one point that 'Whereas the mortgagor [that's you] has made a proposal to the Company [that's the insurance company] to provide such an indemnity.........'
Now I don't know much about contracts, the law, etc, but to me that looks very much as though any claim that this is a simple contract between the lender and the Company might not in fact be correct, as you, the borrower, feature in the policy as a proposer - as some kind of agent in the proceedings - IMHO.