News & Insights // CLS Launches New Pricing Tier for Residential Contaminated Land Insurance


In our efforts to continue to provide market leading cover at the best available price, we have created a new pricing tier for our Residential Contaminated Land (Further Action Report) Insurance which provides cover for properties that have received an environmental search which is NOT clear.

Traditionally, CLS have offered this cover at a set limit of indemnity of £1,000,000.00 to match market standards. However, feedback from our customers has suggested that this often does not satisfy the needs of their clients that are purchasing at the lower end of the market. For this reason we are adding an additional Limit of Indemnity option. You can now purchase this cover on the following terms:
 

  1. To cover a limit of indemnity of up to £500,000.00 at a premium of £212.00 (inclusive of Insurance Premium Tax)
  2. To cover a limit of indemnity of up to £1,000,000.00 at a premium of £315.00 (inclusive of Insurance Premium Tax)

Despite this alteration, we are not increasing the premium on our existing level of cover and the policy continues to provide industry standard cover with diminution in value cover and a 200% escalator clause at no extra cost.

This additional tier will be available through the CLS website (www.clsl.co.uk) from Monday 5th March 2012 but should you have any queries in the meantime please contact our underwriters. To find out more about Contaminated Land or any other title-related matter, call Clair on 01732 897 530 or email clair.rickaby@clsl.co.uk.