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Seller refusing to take out indemnity policy

2

Comments

  • Jaba123
    Jaba123 Posts: 20 Forumite
    G_M wrote: »
    You do realise the policies won't provide any guarantee of quality or reliability? Simply protect against Local Authority enforcement?


    And you do realise the LA can only enforce within 12 months of installation?
    No I didn't realise this so thanks for the headsup!
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Jaba123 wrote: »
    Our seller has lost a few documents (boiler installation certificate, fensa for all the windows) We have asked seller to take out an indemnity policy to cover these lost documents but they have refused stating that all these certificates came up in the searches therefore that's why they are refusing to take policy out.
    As is their right. Are you going to walk away from the purchase over it?
    Should we just pay it ourselves?
    You can if you wish, if you really think they're necessary.
    (I should mention we are planning on replacing the boiler and windows by the end of the year if we ever get to move in!).
    They seem pretty damn pointless, then.

    What would they pay out, anyway? The usual costs of defending against enforcement action by the local authority for lack of Building Regs sign-off? I guess they weren't installed recently, so the risk of that is somewhere around zero.
  • Jaba123
    Jaba123 Posts: 20 Forumite
    aliby21 wrote: »
    If you are buying with a mortgage you may well need them anyway. They cost peanuts, the seller is nit picking
    They are nit picking indeed!
  • Slinky
    Slinky Posts: 11,643 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    G_M wrote: »
    You do realise the policies won't provide any guarantee of quality or reliability? Simply protect against Local Authority enforcement?


    And you do realise the LA can only enforce within 12 months of installation?




    I'm wondering if indemnity insurance is the next PPI.........
    Make £2026 in 2026
    Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
    Total £217.32 10.7%

    Make £2025 in 2025  Total £2241.23/£2025 110.7%
    Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10

    Make £2024 in 2024 Total £1410/£2024 70%
    Make £2023 in 2023 Total: £2606.33/£2023 128.8%






  • bouicca21
    bouicca21 Posts: 6,776 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    When I needed them, I downloaded duplicate certificates from FENSA.
  • AndyTails
    AndyTails Posts: 153 Forumite
    Slinky wrote: »
    I'm wondering if indemnity insurance is the next PPI.........

    Sounds plausible. It might not be the next one though; there might be a few in between.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    As long as there are people willing to buy insurance policies they don't understand, to cover risks that don't need covering, there will be people claiming they've been mis-sold...........
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    G_M wrote: »
    As long as there are people willing to buy insurance policies they don't understand, to cover risks that don't need covering, there will be people claiming they've been mis-sold...........
    ...especially if somebody else is paying the premium.
  • MysteryMe
    MysteryMe Posts: 3,494 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Jaba123 wrote: »
    They are nit picking indeed!

    No, it's you.

    You are the one asking for a piece of paper that is not going to be worth the paper it's written on.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    G_M wrote: »
    As long as there are people willing to buy insurance policies they don't understand, to cover risks that don't need covering, there will be people claiming they've been mis-sold...........

    Mortgage companies require the cover. Cheapest way of covering every eventuality across thousands of underwritten mortgages. Hence why premiums are so low.
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