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Valuation Insurance
The product provides additional protection for both new and existing loans and seeks to reduce the risk impact of incorrect valuations.
The product is available for use primarily with residential properties in England & Wales and Scotland and is applicable to both traditional and desktop valuations obtained via the major AVM providers.
Quite simply, if the insured suffers loss as a result of a lower subsequent valuation, the policy provides for a retrospective valuation to be undertaken and will pay whichever is the lower of the difference between the two valuations or the insured's actual loss.
Simple monthly declarations make the product easy to administer.
Premiums are competitive and flexible terms accommodate the insured's own attitude to risk.
The product can be used in conjunction with both purchases and remortgages of owner-occupied and investment properties.
For more information email enquiries@clstitle.com or call 01732 897_530.
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