Indemnity insurance is sometimes recommended by conveyancers when a person is in the process of purchasing a home.
In an article for Homebuilding & Renovating, partner Lorna du Sautoy explains what homebuyers should know about indemnity insurance, including where it provides compensation and what it cannot do.
Title indemnity insurance is a type of insurance policy providing protection to a property owner for claims arising from a legal defect in their title to the property. Title indemnity insurance does not remedy the defective title. It provides compensation for financial loss arising from the defect.
Lorna du Sautoy
Partner
The full article can be read on the Homebuilding & Renovating website.
