Legal Indemnity Insurance

Trust leads to more trust

James Hallam is an independent Lloyd’s broker with a dedicated team of experienced insurance professionals who care about protecting your business.

Trust leads to more trust

James Hallam is an independent Lloyd’s broker with a dedicated team of experienced insurance professionals who care about protecting your business.

Legal Indemnity
insurance

We can provide specialist legal indemnity insurance to provide financial protection during complex real estate transactions, whether you are a lender, a buyer, or a seller, and whether the transaction involves residential or commercial property.

What is legal indemnity insurance?

Legal indemnity insurance is also known as title indemnity insurance. This is a form of cover that provides financial protection to lenders, purchasers, and sellers in real estate transactions involving defects in property titles.

Lenders, purchasers, and sellers might take out legal indemnity insurance when this title defect cannot be resolved, or in cases where it would pose an ongoing risk with the potential for financial losses.

Having a legal indemnity insurance policy in place can also help to streamline the conveyancing process, which can save time and money for all parties involved.

We are here to help.
Call us on 03335 778232 or email holly.hamer@jameshallam.co.uk

What does legal indemnity insurance cover?

A legal indemnity policy can cover residential and commercial property sellers, purchasers, or lenders for losses such as:

  • Abortive cost of works
  • Cost of altering, demolishing, and/or reinstating all or any part of the building on the property
  • Loss in market value
  • Cost of settlement
  • Damages or compensation awarded against the insured by the courts
  • Defence costs

You may also be able to add cover for other losses, such as delay costs and loss of rental income.

What sort of issues can legal indemnity insurance help with?

Legal indemnity insurance can cover a range of issues involving both residential and commercial properties, including:

  • Adverse possession, possessory title, and other title defects including lost deeds, share certificates, restrictive covenants and easements
  • Planning and building regulation issues, including judicial review
  • Lack of adequate access and/or services, and rights of light
  • Lack of planning and building regulations approval (including listed buildings)
  • Search indemnities, such as no search, search delays, or validation of an out-of-date search

Who needs legal indemnity insurance?

Any party involved in a real estate transaction could benefit from the cover that a legal indemnity insurance policy would provide. This might include:

  • Property owners
  • Landowners
  • Property developers
  • Buyers
  • Lenders

Some may choose to take out a legal indemnity insurance policy when a potential issue emerges that could lead to costs and delays. However, given that certain issues may only become apparent while the conveyance process is already underway, it might be best practice to take out legal indemnity insurance pre-emptively.

Why choose James Hallam as your legal indemnity insurance broker?

James Hallam is an independent Lloyd’s broker with a dedicated team of experienced insurance professionals, with extensive experience in the real estate sector. Our real estate insurance clients include both residential and commercial managing agents, residential management companies, freeholders, property developers and lenders.

We will take the time to understand your unique situation, and we will help you access the specialist cover you need at a competitive price.

Get in touch today:
Call us on 03335 778232 or email holly.hamer@jameshallam.co.uk

Meet the team

Holly Hamer

Senior Development Executive, Legal Indemnities
M: 07483 733673
Email Holly

Testimonials

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