Indemnities - Search Acumen

Remain unaffected by unexpected and unavoidable risks

Within our residential platform you can select from a wide range of indemnity and insurance solutions, to safeguard your clients.

We understand it is important to provide your clients with protection from any unpleasant surprises that may crop up in the future, which is why we have a library of Aviva and CLS products to help you manage the risks. Bespoke solutions are also available for those complex property transactions.

Our indemnity and insurance products include:

Lack of Planning and/or Building Regulations
Missing Information (Unknown Rights, Easements, Covenants)
Absence of Easement – Access & Service
Insolvency Act
Freehold Rent Charge
Restrictive Covenants
Search (No Search, Validation, Delay) Insurance
Plus many more…

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Features

No reference book required – User-friendly features and drop-down boxes so you don’t need an indemnity reference book.
Saved for seven years – All policies are returned directly to your matter and accessible within Search Acumen for up to seven years.
Easily share policies – Ability to save as a draft, print, or send completed policies to clients and colleagues for ease.
Obtain multiple quotes – We provide access to CLS and Aviva so you are able to provide two quotations for your clients should you wish to.
Bespoke policy options available – There is a quick and easy way to provide information to the underwriters in respect of any bespoke policies needed.
Discounts available when ordering more than one policy with Aviva – Next time you need more than one indemnity policy on a matter, create a draft quotation and see how much you can save your client.
Invoicing – We will invoice you and collect payment in the usual way (invoice on day insurance put on risk and payment collected 7 days later) for indemnities ordered via our website, ensuring that indemnities aren’t missed from completion statements.

Why do I need indemnity insurance?

Indemnity insurance is necessary because it provides coverage for sellers in case of a particular problem related to the property that the buyer may contest. This insurance involves purchasing a one-time policy to address a legal defect that may not have a straightforward resolution. By obtaining search indemnity insurance, sellers can safeguard themselves against a potential collapse of the transaction. In the event of any loss of value on the property resulting from defects, both buyers and mortgage lenders are protected.

Want to know more?

Watch an on-demand webinar now on Bankruptcy, Liquidation and Insolvency

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