Legal Question in Insurance Law in Florida

credit life insurance

10 yrs ago i purchased credit life ins for what i belived to cover a home mortgage in the event of my husbands death. now 10 ys later i find out that the bank only purhcased a 10 year decreasing term policy to mature in 2003 so upon my husbands death they only paid off approx 9 months of the balance of the note. i never received a cerificate of insurance or policy making me aware of the type of limitations. do i have any legal recourse


Asked on 9/20/02, 9:20 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: credit life insurance

Unfortunately, it is not what you believed but what you were told and what the policy stated that counts. I suggest you review the information to see if what they promised is what you recieved. Good luck.

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Answered on 9/20/02, 10:06 pm


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