An indemnity policy, often referred to as an indemnity insurance policy, is a type of insurance that is sometimes used in the United Kingdom when buying a house. It is typically taken out by the buyer or the seller of a property to protect against potential legal issues or defects related to the property that might arise in the future. [Get the full story]
Indemnity insurance or indemnity policy is usually a one-time premium payment made at the time of property purchase. The cost of the policy varies depending on the specific risks being covered and the property’s value.
Keep in mind that the need for indemnity insurance should be assessed on a case-by-case basis and is often recommended after consulting with legal and property professionals, such as solicitors or conveyancers, during the property purchase process in the UK. Call Astle Paterson now and learn more about Indemnity policy when buying a house in UK.
