Our legal claims team provides competent advice and specialized insurance solutions to real estate law firms and their clients. You can get multiple quotes through our online legal compensation store, or for more complex or tailor-made risks, please contact our legal compensation expert Alex O`Donnell or request a quote here. We also have access to markets that take into account tailor-made risks related to public law, for example to protect against third-party challenges in public procurement under UK or EU law. Please contact us for more information. We can only be approached by insurance intermediaries, usually lawyers or brokers working for the proposed insured. We are not able to deal directly with individuals. We can arrange coverage for the following: – Restrictive freehold agreement- Registered land with title deed / Good lease title- Lack of access or easement for services- Mines and minerals- Land with rights of way / Reservation of rights- Negative property- Green registration of the village- Judicial control- Light rights- Lack of insurance of planning costs As part of the legal liability insurance, we can also provide Light Right insurance to cover the risk of building a development that violates a person`s right to light and leads to significant damage and even demolition. Our insurance expertise helps surveyors ensure the profitability and security of their clients` acquisitions or development plans. Plus We can adapt a tailor-made and lightweight insurance to the specific requirements of your development while maintaining conditions at competitive premiums. It can cover legal fees related to handling claims against your business, settlements or damages awarded, demolition or reconstruction costs, and any loss of property value. From residential real estate refinancing to complex commercial projects, we discuss the factors behind the details and break down the risks for leading niche insurers to procure and negotiate appropriate legal liability insurance. Hundreds of lawyers encounter legal defects in real estate transactions on a daily basis. At Mason Owen, we are experts in finding solutions to help your transactions run seamlessly.
We maintain relationships with more than 12 insurers in the market that specialize in this complex category of businesses. In any case, we contact the insurers concerned by the risk and provide you with the appropriate policy and a corresponding statement of claims and needs. Common transaction risks can be anything, access issues, restrictive covenants, mineral reserves, etc. For terms and conditions, please fill out the custom form below and send it to li@mofs.co.uk Bonds and Credit Risk insurance can take various forms, including but not limited to: Our many years of expertise in this class of insurance allow us to request the right information to help us formulate timely initial indications of premiums. Once all subscription requirements are met, specific quotes can be created to meet your customers` often difficult schedules. Legal expenses insurance can help you with legal fees in a much more cost-effective way in such circumstances. For more information, please contact us here. Our online system offers a selection of legal clearing offers for residential and commercial property transactions in England and Wales. The Legal Indemnity Shop offers several benefits, including: RSA being one of the oldest insurers in the country, you can be sure that you will be taken care of by a company with an excellent reputation and heritage, with a service from LawSure Insurance (formerly known as Litigation Protection), even legal liability insurance experts. We offer our lawyers the choice between a self-issue kit, where we give you the power to write your own cover note, or you can complete the coverage online via our online coverage rating system.
Our legal liability brokerage team has extensive experience in brokering all forms of commercial and residential transaction insurance through a wide range of insurers. The following list contains a selection of our bespoke fonts, but we can cover a much wider range of title defects. Flexible optionsThe ability to combine up to four risks/gaps within a single policy with online recommendations and live chat support for personalized risks. It has long been known that lenders will not offer mortgages on new homes without a structural guarantee secured structurally secured by insurance. Although most people consider NHBC to be a licensing body, it is simply a commercial organization that offers such policies. We have access to a range of alternative products offered by the insurance market and approved in the Mortgage Lenders Council Manual. Insurance against structural deficiencies (also known as latent or inherent) is also available for commercial real estate, and although the real estate market has traditionally relied on the project team`s range of guarantees, the insolvencies of high-profile contractors like Carillion show the problem of relying on collateral to compensate for the loss. You must first determine which party is responsible for the mistake, and once you have done so, rely on them to be there to make up for the loss.