Quizzes & Puzzles40 mins ago
Indemnity Isurance. Why?
2 Answers
I am in the process of selling a property and the buyers solicitors are insisting on indemnity insurance for the back alleyway when in fact it doesn't even belong to me. where do i stand with this? They are also asking for and indemnity insurance for the windows. I have been here 4 years and I am lead to believe the windows have been in for between 20 and 30 years. What do i do here?
Answers
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No best answer has yet been selected by Ray Barbara. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.You really need to refer this to your solicitor.
We only have half a story here, so one can only summise what the issues might be.
The back alley issue is possibly to do with a claimed right of access within the land title of your property over the owner of the land of the back alley. The buyer's solicitor may be claiming the easement (right of passage on foot) that you claim is not properly documented and wants an indemnity insurance in the event that a legal issue crops up in the future.
Indemnity insurance on windows 20 years old is barking mad. Sounds like he believes you have had replacement windows fitted recently and did not use a FENSA-registered glazing company (and did not make a Building Control application). Ask the buyer why his solicitor believes such a policy is appropriate.
We only have half a story here, so one can only summise what the issues might be.
The back alley issue is possibly to do with a claimed right of access within the land title of your property over the owner of the land of the back alley. The buyer's solicitor may be claiming the easement (right of passage on foot) that you claim is not properly documented and wants an indemnity insurance in the event that a legal issue crops up in the future.
Indemnity insurance on windows 20 years old is barking mad. Sounds like he believes you have had replacement windows fitted recently and did not use a FENSA-registered glazing company (and did not make a Building Control application). Ask the buyer why his solicitor believes such a policy is appropriate.
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