Legal Contingency
At Garratts Insurance Brokers we are able to provide legal contingency insurance to a variety of markets including private residential clients.
We liaise with Legal Indemnities underwriters who are able to place risks that may well have been declined elsewhere. These may include:
- Access Way or Right of Way: where there is lack of any legal right to use an access way serving a property
- Adverse Possession: offers an indemnity to a property owner who cannot produce legal documentary evidence of part of the title over the property
- Chancel Repair Indemnity: indemnity against the legal obligation to contribute towards the repair to the chancel of the parish church
- Contaminated Land Insurance (pollution legal liability): losses due to damage caused by sudden, accidental or gradual pollution emanating from the insured site
- Contaminated Land Insurance (Cleanup Cost Cap): losses in excess of the self-insured retention (SIR) level occurring at the scheduled site in respect of additional remedial activities
- Contingent Fire Indemnity: indemnity to the lessee to cover the failure of the landlord to inadequately insure the building
- Creeping / Flying Freehold Indemnity: where part of a property goes under or over a neighbouring property and losses are suffered due to the inability to enforce repairs to the latter
- Deed of Gift/Insolvency Act: where a deed of gift or transfer at an undervalue in the title in the previous 5 years leaves a possibility of the property being brought back onto the donor’s estate in the event of the donor becoming bankrupt
- Forfeiture of Lease Indemnity: to cover an underleesee or his mortgage where an act by the headleesee or the underleesee results in forfeiture of the lease
- Issue Risk: indemnity to trustees who wish to breach a trust and a future claim may be made by children as yet unborn
- Judicial Review Indemnity: offers protection against the financial consequences should a challenge to a judicial review be upheld
- Local Search Indemnity: to protect a purchaser or mortgagee against loss of value due to adverse entries which subsequently materialise in an official search where the official search cannot be obtained before completion date
- Lost Share Certificates: indemnity against misuse of lost or stolen certificates
- Lost Title Deeds: where all or some of the title deeds have been lost, destroyed or stolen
- Maisonette/Flat Indemnity: offers protection against the financial consequences should a challenge to a judicial review to be upheld
- Mining/Mineral Rights Indemnity: indemnity to the owner of property should a third party attempt to exercise the right to extract or evacuate minerals over or under the property
- Missing Beneficiary(ies): indemnity to the executor/administrator in the event of a missing beneficiary(ies) being omitted from the distribution of an estate
- Railway Lease Indemnity: where a lease from a railway company contains a six month (or less) termination clause
- Restrictive Covenants: to provide cover for existing or proposed breaches of known or unknown restrictive covenants
- Sewer Indemnity: required by either the local or water authorities where the sewer is to be/has been built over against increased costs of maintenance or repairs, or damage to the property
- Trustee Indemnity: indemnity to trustees should the trustees distribute funds in a way which might be considered a breach of trust
For further information on legal contingency, click here to email our team or call us on 01772 55 55 76.