During the course of a sale or purchase transaction you may be asked, as a Seller or Buyer, to provide or take out indemnity insurance. This could be title insurance to rectify a defect on the title deeds, insurance to cover the lack of evidence of building regulation approval or, most commonly, chancel insurance if there is a potential chancel repair liability.What is Indemnity Insurance I hear you ask? Put simply, indemnity insurance is a policy that can be taken out to protect you, your successors in title and/or Lenders against the implications and costs of a third party making a claim ...
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