Indemnity insurance

Gam2015

So I’m selling a home and today I received paperwork saying i need to take out Indemnity insurance for a missing deed. I’m puzzled I’ve never heard of this can anyone shine light on this. Thanks 

user1977

We know even less than you - what's the deed which is missing? If you don't understand, you're best to talk to your solicitor.

GoogleMeNow

There is a Missing Deeds Indemnity Policy, which is put in place where the title register makes reference to an old Transfer/Conveyance/Deed, but it is not available at the Land Registry, so no-one knows what it says.  It would normally fall to the seller to either provide a copy of the missing deed (if, for example, you have the original copy with your other papers), or agree to pay for the indemnity policy.  The buyer's solicitor is likely to insist on one or the other, particularly if there is a lender that they are also representing.

Gam2015

GoogleMeNow said:

There is a Missing Deeds Indemnity Policy, which is put in place where the title register makes reference to an old Transfer/Conveyance/Deed, but it is not available at the Land Registry, so no-one knows what it says.  It would normally fall to the seller to either provide a copy of the missing deed (if, for example, you have the original copy with your other papers), or agree to pay for the indemnity policy.  The buyer's solicitor is likely to insist on one or the other, particularly if there is a lender that they are also representing.

How would i know what deed I’m looking for in my paperwork would i have to contact my solicitor? 

GoogleMeNow

Gam2015 said:

GoogleMeNow said:

There is a Missing Deeds Indemnity Policy, which is put in place where the title register makes reference to an old Transfer/Conveyance/Deed, but it is not available at the Land Registry, so no-one knows what it says.  It would normally fall to the seller to either provide a copy of the missing deed (if, for example, you have the original copy with your other papers), or agree to pay for the indemnity policy.  The buyer's solicitor is likely to insist on one or the other, particularly if there is a lender that they are also representing.

How would i know what deed I’m looking for in my paperwork would i have to contact my solicitor? 

Didn't you receive paperwork when you bought the property, either from your solicitor at the time or from the vendor leaving documents for you?  

I assume from your original post that your current solicitor doesn't have the deed and neither does the Land Registry.  Therefore, you will need to pay for the indemnity if the original deed cannot be located.