Indemnity Insurance

KiraLunnon11

Hi All,

We are having to take out indemnity insurance on the property we are buying as my step mum has gifted some of the deposit.

I accept this bit of a pain but fine.

However I can't find anywhere that I can go to get a quote on the internet. Ever link seems to take me to a business Indemnity Insurance.

Could anyone pass on who they have used in the past.

Thanks

Kira

G_M

What exactly is being insured?

And who has told you you need this?

Most property-related indemnity insurance in purchases is obtained via a conveyancer rather than being available to Joe Public.

davidmcn

As above - either your or your step-mum's solicitor should be arranging this, if it's deemed necessary (presumably by your lender?). Not sure why you'd start trying to sort it out yourself.

anotheruser

Or just don't tell them it's a gift?

I received a "gift/loan", which I plan to pay back when I'm a bit more established. Even the mortgage advisor said if the creditor and I were happy, just don't mention it as it means more paperwork and more hassle.