Right of Light 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.

Right of Light
insurance

If a right of light claim arises during a property development project, it can lead to significant delays, and it could even devalue certain assets. Right of light insurance can give property developers, funders and investors financial protection should a claim arise during a project.

What is right of light?

Property owners have a legal right to receive light through any defined apertures, such as windows and skylights, on any building on their land. This legal easement is known as right of light.

Right of light is a crucial factor in any property development project. Overlook right of light, and it could lead to major financial losses from delays and devalued assets. In some cases, right of light claims have forced property developers to abandon projects entirely.

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

What is right of light insurance?

Right of light insurance can cover developers, funders, and investors for any losses and other expenses should a right of light claim arise during a development project.

Key benefits of rights of light insurance?

  • Helps keep development projects on track.
  • Reassure funders and investors by strengthening your ability to secure financing.
  • Policies can be tailored to development funding needs on a case-by-case basis.
  • Flexible strategies – we work with commercial insurers who can customise policies if required.

What does right of light insurance cover?

In the event of a right of light claim, a right of light insurance policy can cover developers, funders, and investors for losses arising from:

  • Court costs and out of court settlements
  • Loss in market value of the property
  • Defence costs, legal fees and other expenses
  • Abortive costs of works and alteration, demolition, and reinstatement of a property, along with the professional fees

Policyholders can get additional cover based on their requirements:

  • Delay costs: The costs associated with the suspension of works pending a court order, or the resolution of a claim.
  • Business interruption: Loss of rental income and service charges in the event of an injunction.
  • Re-location costs: Costs of relocating tenants in the event of an injunction or court order pending resolution.
  • Interest loans or fees associated with early termination: Fees and interest can mount up where financing is in place, particularly if there are delays.
  • Service provider costs: The insurer can cover utilities and other services if there is a delay in a development due to the defect. Some insurers provide delay costs as standard in their policies.

Why is a right of light insurance policy so important?

Right of light can be protected by legal action. If a development results in an infringement, the courts can put an injunction in place, along with an order requiring the completed development to be cut back.

This can lead to severe delays and spiralling costs, which may jeopardise the entire project. A right of light insurance policy would cover all of these costs, giving you peace of mind that you will be able to proceed with the project with minimal disruption.

When to consider a rights of light policy

As right of light claims can arise at any stage of the development project, it is important to get this cover in place as early as possible. It is much better to have a policy as a preventative measure than it is to look for cover only after the claim has been made.

Why choose James Hallam?

James Hallam is an independent Lloyd’s broker 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 development project, and any possible risks and complications. We will then help you access the specialist cover you need at a competitive price.

Meet the team

Holly Hamer

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

Testimonials

James Hallam Real Estate is an extremely professional and experienced insurance broker that works with us to deliver and maintain a comprehensive insurance programme for our business. We find our James Hallam team to be friendly and they provide an excellent service. Nothing seems to be too much trouble and we can rely on them to deal with whatever crops up, even when it is last minute and demands their attention. They have worked extremely hard to build a good relationship with our staff and understand our company, what we do, and how we operate. This has enabled them to appreciate our requirements and expectations. I have no hesitation whatsoever in recommending the James Hallam Real Estate specialists.

Allison Harrison
Group Operations Director, The Adderstone Group

We are brokers ourselves and a broker-to-broker relationship has the potential to be a tricky one for obvious reasons. Not so with the James Hallam Real Estate team. They are a great bunch to work with and are always respectful of our client relationships. They have an impressively wide access to the market and acute specialist Property knowledge which helps us to provide a superior broker service to our own clients. What sets them apart is how incredibly generous and honest they are with their advice and time. An easy-going and likeable team, we choose to work in partnership with them because not only are they very good at what they do but they are incredibly nice individuals to work with.

Tommy Hodgson
Director, Eggar Forrester

We have worked with James Hallam for a number of years now and built up an excellent working relationship in that time. The team keep us up to speed on all matters and are clearly knowledgeable in their field, always explaining the options clearly and negotiating the best possible deals available. Their service in first class and the responsiveness and efficiency sets them aside from their competitors.

Paul Carter MIRPM
Assistant Director Business Development

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