Indemnity Insurance

 

Protection against a loss

Aston Lark can arrange many types of indemnity, to cover a wide range of situations.

The list below will provide you with further information on the indemnities Aston Lark can provide.

If your particular circumstance is not listed below, then do still contact us and we will liaise with our insurer partners to see if we can tailor something for your requirements.

If your freeholder or landlord is absent, insolvent or uncooperative, you may be unable to pay ground rent or be able to seek consent to lease assignments and alterations to the property.

If the landlord subsequently reappears, they may request ground rent or seek forfeiture of the lease on grounds of breach of covenant.

This bond guarantees to make good losses which anyone interested in the estate of a deceased person may suffer in consequence of a breach by the administrator of his duty.

If alterations or extensions have been undertaken at a property without the necessary planning permission, building regulations (or FENSA certificate for windows/doors) or contrary to a Restrictive Covenant, you may suffer a loss  following successful enforcement action by the local authority, or when the beneficiary of the restrictive covenants seeks to enforce them.

This policy indemnifies you against the cost of altering, demolishing or reinstating any part of the property and any resulting reduction in the market value of the property.

Restrictive Covenants

The deeds of your home may contain a Restrictive Covenant dating back many years.  If you intend to carry out works in breach of the covenant, or if these have already taken place, an indemnity will protect if the beneficiary of the covenants seeks to enforce it.

Damages or compensation awarded by a court or Tribunal, out of court settlements, the cost of altering or demolishing any part of the property and reduction in market value may be covered.

Planning Covenants

If alterations or extensions have been undertaken at a property without the necessary planning permission being obtained, or contrary to a Restrictive Covenant, the local authority may enforce demolition or reinstatement.  An indemnity insures against any losses suffered as a result and reduction in the market value of the property following such remedial work.

Indemnity from the liability to contribute towards the repair of the chancel of a parish church. More information can be viewed here.

If you are concerned that buildings insurance is not in place or is inadequate for the remainder of the building of which your property forms part, an indemnity will protect you following damage or destruction to the building.

When part of your property projects over/under an adjoining property you may be unable to enforce covenants for maintenance, repair, support and protection against the adjoining property and your own property could suffer resulting damage.

This policy indemnifies you against a reduction in the market value of the property and your lender against a shortfall under a mortgage.

What happens if you lose a Share/Stock Certificate? Please click here to see how Aston Lark can provide help if you require a replacement certificate.

When the rights to the minerals beneath your land and/or the right to mine such minerals are excepted or reserved from the title, you may suffer loss because a third party exercises their right to the mines.

Following the death of a loved one, the settlement of their estate can provide some small comfort to those left behind. If a beneficiary named in the Will cannot be traced, this process can drag on and deny the opportunity for that much-needed closure. Please click here to see how Aston Lark can provide help in this situation.

While not common, in recent times we have received more and more requests for help from anxious members of the public who do not know where the title deeds for their house are. Please click here to see how Aston Lark can provide help in this situation.

 

If the lease to your property is missing, you may unwittingly breach a restrictive covenant which is later enforced and results in a loss.

Where there is no legal grant of an easement or right to utilise services such as foul water drainage or septic tanks, loss may arise because the legal owner of the services or the land through which the services pass may seek to prevent access

You may purchase a property which is subject to abandoned third party rights such as rights of way.

The loss arises when a beneficiary of those rights attempts to exercise the rights over or through the property or land.

When documentary title cannot be produced to property that you own, loss may arise if the legal owner of the land disputes occupation and seeks to recover the land from you.

Damages or compensation awarded by a court or the Tribunal, the cost of altering or demolishing all or any part of the property to comply with a court order or injunction and reduction in market value of the property can be indemnified.

Similar to Chancel Indemnity, in relation to leasehold commercial property or land situated close to or under a railway line where the lease has a clause if the premises are required for the landlord to carry out repair and/or maintenance to the railway.

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