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  • Insurance

    Reserved Rights to Mine Indemnity Insurance

    Hi all,

    Does anybody knows from whom to get quote for Reserved Rights to Mine Indemnity Insurance? I am in a process of exchanging but the title to the property has been investigated and a title defect has been discovered.

    This defect relates to Reserved Rights to Mine: Where the property is subject to a reserved right to mine..

    so looking for Reserved Rights to Mine Indemnity Insurance..

    I tired calling few insurance companies they all say for solicitors to contact them...I have quote from solicitors too but they are charging 60pounds as admin fee..I think its bit pricy...

    So I am trying to buy myself directly..fingers crossed..

    Any help would be really appricated.

    BH

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    Hi BraveHeart

    Interesting enquiry but I personally think the brokers/insurers you are talking to are giving reasonable advice. This is a legal matter and you'd be best advised to get a solicitor to ensure any insurance you buy will cover you as required. If you buy on your own and it doesn't give cover on a legality it could be a problem. If a solicitor has advised it and it fails to cover then you can claim on their professional indemnity insurance for any loss.

    Hope this helps!

    Best

    Jason McClean

    https://www.thepropertyinsurer.co.uk


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    Thank you very much Jason..As you said I will buy from my Solicitors itself...I don't want to end up like Penny wise Pound foolish.

    Many thanks

    BH

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