indemnity policy question

RichardCUK

We are selling our house and our buyer has asked for an indemnity policy as the kerb was lowered to allow for a parking space on the front of the property. This was carried out 15 years ago by the previous owners but our buyer is insistant that we put one in place.


Our solicitor wants about £220 to do it which I have been told is rather high.


Can I ask if you know of any where online or places where I can get an indemnity plociy in place for this that doesnt cost so much? I keep hearing people getting them for like £40.


Any help or advice would be greatly appriciated

D_M_E

Who originally lowered the kerb?

If the council did the job then there is no need for an indemnity policy.

If, however, it was lowered by a previous owner then there might be a need for one, but it's been lowered for 15 years or more so you have to wonder why the policy is needed.

You should go back to your solicitor and specifically ask whoeveritis why is the policy needed, given the dropped kerb has been in existence for over 15 years?

G_M

I agree.


But to answer the Q., I believe indemnity insurance is only available to conveyancers. Insurers do not deal with the public.


£220 may be either the premium for the insurance, or it may be a combination of the premium + a fee for arranging it..

epinjy

D_M_E wrote: »

Who originally lowered the kerb?

If the council did the job then there is no need for an indemnity policy.

If, however, it was lowered by a previous owner then there might be a need for one, but it's been lowered for 15 years or more so you have to wonder why the policy is needed.

You should go back to your solicitor and specifically ask whoeveritis why is the policy needed, given the dropped kerb has been in existence for over 15 years?

In these kind of cases it seems most likely that the mortgage lender requires it to tick their boxes.