What sort of problem can be covered? |
The following list is not exhaustive but illustrates the range of policy types available: |
Note: Normally a prerequisite to any cover in respect of an anticipated breach of restrictive covenants is that planning consent has been obtained without unacceptable objections. LIS is however able to consider on a prior to planning basis in appropriate cases. |
Defective Leases: Unlike most other legal indemnities the risks associated with leases tend to increase with the passage of time, usually because they relate to, or become problems as a result of, the state of repair of the property. Policies are, however, generally available to cover the interest of a Mortgagee for the term of its mortgage, and often for the purchaser for an appropriate period - usually 25 years. The policy cover will vary, including:
Block policy cover is available for buyers and lenders for the purchase or mortgage of residential property providing a general title indemnity for the insured. |
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