Title Indemnity Insurance
As an indemnity provider we have added Title Indemnity Insurance to our repertoire of indemnity polices.
During the conveyancing process the title of the property will usually be reviewed to determine if the seller is legally able to transfer the title to the property. This is also to investigate whether there are any defects in the title that could negatively effect the buyer's interests or the market value.
A title defect is an element that is missing or adversely affects the land.
Title Indemnity Insurance covers;
Any negative impact on the market value
Any damages or compensation awarded to the claimant
The policy does not remedy the title defect, instead it provides the client with financial compensation.
Our online portal will allow you run quotes, upload documents, and will instantly send policies and the invoice. At the same time the system has the flexibility to allow you to back date certain policies by upto 30 days.