Thomas Byrne (Fianna Fail) | Oireachtas source

A point that was raised by Mr. Deeter and possibly by others was the issue of repossession triggering the payment of insurance and the possibility that this would increase repossessions or drive a need for repossessions. What obligations do the banks have to ensure that borrowers are pursued for every last cent before the insurers are prepared to pay out on the policies? Presumably, with any insurance policy, one must mitigate one's losses so does that include the bank going after the borrower to the greatest extent possible.