Legal Indemnity Insurance
Time and cost-effective insurance solutions to expedite and support property transactions
Why
Legal indemnity insurance offers financial protection and peace of mind where property defects are highlighted in a conveyancing transaction. The defects may include a breach to a restrictive covenant registered on the title deeds of a property or a lack of documented right of way to use an access way.
Legal indemnity insurance will provide insurance protection should a risk present itself in the future and includes loss in market value along with the costs of any legal fees, court fees or other payments agreed as part of a financial settlement. This type of insurance is particularly beneficial where the costs associated with legal rectification outweigh the insurance premium and protection afforded by the indemnity.
91.4
NPS Score
Trusted to deliver a ‘world class’ service. CLSPI's service rating from legal professionals in 2022
- AA- regulated insurance (Standard & Poor's), one of the highest ratings in the market.
- Cover for a range of insured uses including continued use and development properties (both pre and post planning) with no limit of indemnity requirements.
- Up to £10milion cover online as standard with a maximum underwriting capacity of £250m for any one risk.
- Most policies include an escalator clause covering the client should the property increase in fair market value during the course of the policy, up to a maximum of 200%.
- Efficient protection to lender and property owner should a defect materialise.
- Quick and easy ordering through PIPA platform.
- Ability to offer block policies for high volume requests such as chancel/search insurance.
- World leading NPS (Net Promoter Score) based on our excellent customer service as rated by our clients.
Product
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