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Mortgage Indemnity

In the event that the mortgagee shall exercise its power of sale and the proceeds are less than the outstanding debt the insurer under a mortgage indemnity policy makes good the deficit according to a formula set out in the policy. The maximum liability of the insurer would be the sum insured under the policy.


The above explanations give a summary of the type of cover available. For full details, including the exclusions and conditions that apply, please contact us at any of our offices.




    

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