WA homeowner gets $41,838 back for junk mortgage insurance
A Western Australian man discovered his mortgage protection insurance duplicated cover he already had through superannuation. He got his $41,838 refund after more than a decade.
Why it mattersMany Australians may still be paying for insurance they don't need attached to old loans. You can request a review to recover money.
AustraliaThis reflects widespread junk insurance sales in Australia following the banking Royal Commission; homeowners should check their loan documents.
Corroborated by7news.com.au
✓ Claims checked against the source. checked 2 h ago
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