Defective Title Insurance
We provide Defective Title Insurance policies to solicitors and licenced conveyancers involved in the house purchase process.
The range of differing insurance policies cover situations where a third party is trying to assert that they have a greater right of ownership. Similarly, some matters can involve the absence of documented rights of access to a property.
In its simplest form the legal title to a property should include a clear and unambiguous description of all the rights associated with the property. If that isn't the case Defective Title Insurance may be required.
These issues may specifically include;
- Rights of Access
- Rights of Way
- Rights of Services
- If the Title Deeds are missing
- Or certain documents are not clearly understood
The risks covered include;
- Any damages or compensation awarded to the claimant
- A negative impact on the market value
- Out of court settlements
- Cost of obtaining easements
There are a variety of risks associated with Defective Title Insurances and whilst some are easily defined, there may well be situations where we need to generate bespoke quotes to satisfy your needs.
Our online portal will allow you run quotes, upload documents, and will instantly send policies and the invoices. At the same time the system has the flexibility to allow you to back date certain policies by upto 30 days.