Legal Indemnity Insurance
Legal Indemnity Insurance is a policy that protects you if action is taken against you, regarding a legal defect. A defect could be, for example, a lack of planning permission for an area of land or a restrictive covenant, which could limit work being done on a property.
What is Legal Indemnity Insurance?
When it comes to insuring a property, sometimes you have to consider existing issues, as well as safeguarding against potential problems in the future. If a legal defect exists, waiting for it to be resolved may not be an option. So, you need to make sure your build or transaction can still progress to your original costs and timing. This is where a Legal Indemnity Insurance can help you. It’s a policy used in conveyancing or property transactions, where there is an existing defect. A lack of planning permission, absence of easement or lack of building regulations approval are all defined as defects in this context. They are all issues that aren’t easy to resolve and, in some cases, can’t actually be resolved at all.
At Construction Insure, we have many years of experience in protecting our clients from issues like these. There are different types of policies to cover specific risks, but they all ensure that you’re financially and legally protected.
Need Insurance? Get in touch today!
Whatever your legal indemnity insurance requirements, please get in touch today for a free no obligation quotation.