Response to Nationwide BS & MIGs (urgent)

Tracing the MIG won't instantly "clear" your friend's name, as lenders claim to have a right of subrogation - they can chase the borrower for the amount paid out by the insurers under the MIG, in order to reimburse the insurer. However, it has been suggested that MIGs dated prior to 1993 are in fact worded so ambiguously that this supposed right of subrogation may not be defensible. If this is the case, then the lender cannot chase your friend for money paid out under a MIG policy. So it's definitely worth trying to get a copy of the policy documents. Unfortunately, lenders know they are on dodgy legal ground, so will fight tooth and nail to avoid letting you see it. Good luck

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