Response to Insurer chasing for the whole debt

Thank you for your interest. I have been asking for documentation since getting the 'you owe us lots of money' letter. the last letter from Eagle Star states "The Mortgage Indemnity Policy is for Eagle Star's benefit not the borrower. You are not party to this document and you are not entitled to any ammount under it. However, to assist, I enclose a copy of your original mortgage offer which confirms the MIG cover ammounted to £6617. The premium of £298.00 was capitalised to the advance." In the offer it says: "MAES Finance Limited to be indemnified by Eagle Star's Accident Department to the extent of £6617, subject to the payment of £298.00 which will be deducted from the advance or, where requested, will be debited to the loan account on completion" That leads me to the original question 'can the MIG provider chase after the 6 year is up. I would have thought this was a seperate debt from the original mortgage. And why did I waste £298.00 on such a thing in the first place (youth and ignorance are a heady combination which we pay for in later life). This does not appear to be a MIG in the way they have been described elsewhere on this site. Any input would be welcomed.

Thanks

Jon S

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