Indemnity Insurance

In certain circumstances it may be necessary for us to implement Indemnity Insurance in relation to your property transaction. For instance, in the event that planning or building regulation consents have not been obtained Indemnity Insurance may be available in this respect. Whilst we will endeavour to advise you as to which type of Indemnity Insurance to place into effect in relation to your property transaction, no warranty is given by Us as to the effectiveness of any indemnity policy implemented in this respect.

In the vast majority of cases legal Indemnity Insurance will be limited in so far as it only provides insurance that covers adverse legal consequences arising. Any Indemnity Insurance policy will be limited and should not be viewed as a complete answer to the potential problems that may arise.

For instance, Building Regulations Indemnity Insurance may cover the legal costs surrounding the lack of formal Building Regulation documentation but the policy will not provide any guarantee that the building has been built to the appropriate Building Regulation standards and that it is structurally sound.

It is vitally important that you take the time to read the provisions of any Indemnity Insurance policy that is provided throughout the course of your property transaction. In the event that you require further clarification or assistance in this respect please do not hesitate to contact us in this regard.

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