Why do customers need legal indemnity insurance?
Legal problems relating to the development, purchase or re-mortgaging of land or property can be wide-ranging and sometimes very complex. Legal indemnity insurance is a single premium contract to protect the purchaser from the possibility of third party claims arising from shortcomings in the conveyance. These can often relate to ownership, lost documents, access, poorly worded legal documents or perhaps a restrictive covenant that imposes specific restrictions. These details are often only discovered at a late stage in the proceedings and can often prevent the purchase of a property or development work from going ahead.
