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Insurance for Legal Indemnity Risks.
Legal indemnity insurance provides cover to property purchasers or secured lenders against the risks associated with property title or covenants.
The policies are typically single premium, long-term and non-renewable contracts that provide protection against the financial consequences of disputes regarding the use of or ownership of property.
Solicitors often source these policies themselves but may only approach one provider which may impact on the competitiveness of the premium. Furthermore, because solicitors are not insurance experts, important nuances in policy cover that affect the insured may be overlooked.
Cover available from insurers spans a broad range of risks including: