Property News · June 10, 2012

Aviva steps in to cover a £63,000 case of mis-sold insurance


The insurance giant allows Margaret Dibben to resolve the last problem she will tackle on behalf of readersI have just been diagnosed with terminal cancer. My wife died of cancer last year. We bought our council house in 2002 with an interest-only mortgage of £63,000 and took out life insurance with Hamilton Life Assurance through a broker. The last thing my wife said was “Don’t worry at least the house will be paid for.”After she died, I discovered that the insurance policy we had been sold was reducing life cover, although the certificate did not mention that. It paid out only £7,500, whereas we still owe the bank £63,000. My 23-year-old son, who has severe depression and is not working, was his mother’s key carer and will now be for me. He will become responsible for the mortgage. Continue reading…

Source : theguardian.com
Read more…Aviva steps in to cover a £63,000 case of mis-sold insurance

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