Who needs Legal Indemnity Insurance?
Anyone who is looking to purchase or is in the process of purchasing a property where there is a potential legal defect should consider the benefits of Legal Indemnity insurance. It can be taken out by the purchaser, or where there is a mortgage involved, the cover can be taken out jointly by the owner and the mortgage provider.
It’s a worthwhile consideration for all property types, both commercial and residential, because a property is typically a substantial investment. What would the impact on the value of the property be if, using that earlier example, you were required to remove an extension? What would the impact be if a key access point became inaccessible?
Why choose BJP Insurance to buy Legal Indemnity Insurance?
With many years of experience placing insurance for the construction sector, the experienced broking team at BJP Insurance Brokers can provide you with support and advice for all your legal indemnity insurance needs.
Both commercial and residential situations can be sourced, but increasingly careful underwriting regard is currently given to anything of a commercial nature bearing in mind the current economic climate.
Please call Brogan Welborn or Emma Hunt now on 0118 979 2121 to discuss how we can help you.