No Search Indemnity Insurance

In situations in which local searches have been requested, but have not been returned within an acceptable timeframe, you may need No Search Indemnity Insurance. Costs start from £20.00 plus Insurance Premium Tax. 

Protecting property transactions when searches are not available

During a property transaction, conveyancing searches are a vital part of the due diligence process. However, there are situations where full searches cannot be obtained in time, are unavailable, or are deliberately omitted to avoid delay. In these circumstances, No Search Indemnity Insurance provides essential protection for buyers, lenders, and property owners.

Legal Brokers Ltd arranges fast, lender approved No Search Indemnity Insurance policies to ensure transactions can proceed smoothly, even when searches have not been carried out.

What is No Search Indemnity Insurance?

No Search Indemnity Insurance is a legal indemnity policy that protects against financial loss arising from matters that would normally have been revealed by standard conveyancing searches.

These may include local authority matters, planning or building control issues, highways adoption, environmental risks, drainage and water connections, and statutory notices or enforcement action.

When is No Search Indemnity Insurance needed?

• Urgent completions
• Delayed local authority searches
• Missing or unavailable searches
• Remortgages where searches are not required
• Lender approved insurance solutions
• Auction purchases
• Cash buyer transactions

What does the Policy Cover?

• Financial loss arising from undisclosed matters
• Legal defence and court costs
• Loss of market value
• Costs incurred to resolve the issue
• Automatic cover for future owners and lenders

Important policy conditions for cover to remain valid:

• No party must be aware of an existing issue
• Authorities must not be contacted after policy inception
• Insurance must be arranged before completion

Why choose Legal Brokers Ltd?

• Instant quotations through our portal
• Lender approved policies
• Competitive, one off premiums
• Residential and commercial cover
• Instantly put policies on risk (and back date them as neccessary)

We can supply cover against a range of circumstances and search products, this is the case for both Residential and Commercial Properties.

If the conveyancing lawyer has not requested the relevant searches, or the supplier has been unable to provide them in time, our Indemnity insurances will provide cover against later problems. Cover can also be provided in the event searches are older than 2 years and the lender requires more recent data.

The risks covered include; adverse difference in market value, the cost of settling out of court, and other costs and expenses arising from details that would have been revealed had the searches been received prior to completion.

If you're a solicitor wanting to order No Search Indemnity Insurance please call us on 0345 603 0708 or email indemnities@legalbrokers.com. If you're a member of the public we can provide you with a quote, but it can only be purchased via your solicitor. 

Legal Brokers Ltd

No Search Indemnity Insurance Quotes