Indemnity insurance for no build over agreement for public drains (Thames Water)

lxx

Hi everyone

Thanks for all your help, finally exchanged contract last week!

One more question: for the Indemnity insurance for no build over agreement for public drains (Thames Water) - shall I take the policy that covers both the lender and myself or just covers the lender(a bit cheaper I suppose, sorry I am really struggling as the property is well above my budget)?

I read through the policy and it seems useless for me, probably only makes sense to the lender - I am thinking of making things right and apply for retrospective build over agreement with Thames Water later - however contacting Thames Water would apparently void the policy.

Any suggestions welcome, many thanks in advance

davidmcn

I presume one which covers you will also cover future owners, so may be more attractive if this is still an issue when you sell?

marksoton

lxx wrote: »

Hi everyone

Thanks for all your help, finally exchanged contract last week!

One more question: for the Indemnity insurance for no build over agreement for public drains (Thames Water) - shall I take the policy that covers both the lender and myself or just covers the lender(a bit cheaper I suppose, sorry I am really struggling as the property is well above my budget)?

I read through the policy and it seems useless for me, probably only makes sense to the lender - I am thinking of making things right and apply for retrospective build over agreement with Thames Water later - however contacting Thames Water would apparently void the policy.

Any suggestions welcome, many thanks in advance

I have no idea regarding the indemnity but prepare for a minefield when dealing with TW.

Your original thread from the surveyor doesn't seem to confirm whether it's a lateral or public sewer. That makes a big difference potentially.

lxx

davidmcn wrote: »

I presume one which covers you will also cover future owners, so may be more attractive if this is still an issue when you sell?

The cover is £520 for 10 years - I plan to put things right when I get some funds, probably in 3-5 years' time.

lxx

marksoton wrote: »

I have no idea regarding the indemnity but prepare for a minefield when dealing with TW.

Your original thread from the surveyor doesn't seem to confirm whether it's a lateral or public sewer. That makes a big difference potentially.

Thanks, the drainage search confirmed there is public sewer under the conservatory

Ithaca

lxx wrote: »

Thanks, the drainage search confirmed there is public sewer under the conservatory

Since 2011 any shared pipework is classed as a public sewer, but that doesn't mean it's the main large sewer.

If it's that close to the house chances are it's what used to be called a lateral drain/sewer, but if it serves more than one property it's now classed as a public sewer..

lxx

Ithaca wrote: »

Since 2011 any shared pipework is classed as a public sewer, but that doesn't mean it's the main large sewer.

If it's that close to the house chances are it's what used to be called a lateral drain/sewer, but if it serves more than one property it's now classed as a public sewer..

Thanks, shall I change to indemnity policy to cover the lender only?