Fast and efficient with cover issued instantly, it gives you the security of being underwritten by AmTrust International Underwriters Designated Activity Company (DAC). Defective Title (generic) legal indemnity policies. TII is a type of insurance which can be put in place in order to protect the owner of a property with a legal defect in their title against potential financial loss. Defective title indemnity insurance is often employed as a solution by conveyancing solicitors where cover is needed because in examining the title he or she has discovered a problem which cannot be cured in a conventional way i.e. Increasingly, legal indemnity insurance is being offered by sellers and demanded by buyers in order to protect the buyer (and their lender) from actual or perceived title defects. If you are unable to find a product to suit your needs, then please call our underwriting team on 01603 617617 (Mon-Fri, 9am-5pm) who will be able to help. Listed below are our Defective Title (generic) legal indemnity policies. consider the availability of a Defective Title Insurance Policy. In the process of buying a house, can't believe how complicated this has become, thought hips were suppossed to make it easier? We offer the full range of legal indemnity insurance solutions which can include access, chancel, covenant, forfeiture of lease, judicial review, lack of title and rights to light risks. DTI cover is an Insurance Policy which provides cover for various problems that arise in residential or commercial transactions. A title indemnity policy also known as legal indemnity cover may be available in respect of a title defect to protect the owner of the property from loss which might arise from the defect, for example, reduction in value of the property or paying compensation or damages. In recent years I have noticed an increase in the number of applications we have had to make to obtain Defective Title Indemnity (DTI) insurance. Our team have access to a wide scope of underwriters in the market, enabling us to obtain competitive quotes usually within 24 hours of receiving an enquiry. Title insurance policies, also known as legal indemnity cover or defective title cover, indemnify the owner against actual loss arising from a legal ownership defect which results in either loss of title to all or part of the land and buildings, or their reduction in value and indemnify lenders against loss of mortgage security (or priority for the mortgage). Legal Contingency/Defective Title Insurance (Faulty Title Insurance) Legal Contingency insurance is a specialist niche area of insurance that we have specific markets for. This type of insurance covers the likes of Lost Title Deeds, Defective Title, Lack of Title, Lack of Easement and Restrictive Covenants. We offer financial strength and stability — an important factor when choosing a legal indemnity insurance provider; Our expert underwriters are committed to understanding your needs and those of your clients; We are continually broadening our product range and strengthening our range of covers rectification of the deeds or title. What is Title Indemnity Insurance (TII)? Defective Title is frequently used as a generic term for legal indemnity insurance but could include, for example: the property is subject to known or unknown third party rights or easement (but not rights of light – please see Rights of Light Insurance ) Defective title and indemnity insurance ConveySure® is a comprehensive suite of residential and commercial legal indemnity and defective title insurance products. 08494511 | Dual Asset Underwriting is an Appointed Representative of DUAL Corporate Risks Ltd which is authorised and regulated by the Financial Conduct Authority under Reference Number 312593 and is part of the award-winning DUAL Group. Title defects are not unusual and legal indemnity insurance (if available) can be a quick way of dealing with them. Follow My Defective Title Shop on Instagram [email protected] Company No.
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