Defective Title Indemnity-Lost Title Deeds Insurance
Legal Contingency Insurance cover is a specialist insurance Market, in which we at S.A. Faughnan (Brokers) Ltd. have a particular interest and have access to relevant A-Rated Insurer Markets.
The Legal Contingency Insurance Experts
We liaise with legal representatives on behalf of their clients in arranging such cover. Typically we see most enquiries related to Lost Title Deeds Insurance / Defective Title Insurance Indemnity, and with the property market evolving, we are seeing a much greater requirement for such legal indemnity insurance cover from solicitors acting on behalf of both vendors and purchasers in order to get sales across the line and to mitigate against professional indemnity claims at a later date.
For a speedy resolution to your Legal Contingency requirements
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01 8245555
Lost Title Deeds
There may be occasions when the Title to a property is incomplete because one or more title documents have been mislaid. In this instance a Defective Title / Lost Title Deeds policy would be required.
The policy indemnifies the insured (and their mortgagees, successors in title) against direct financial loss, costs and expenses incurred should the title be challenged or defeated as result of the defect or absence of the Title Documents.
Defective title policies are generally for the benefit of the Owner of the property & or successors in title, Lessees and Mortgagees. Indemnity to the PRA (Property Regulatory Authority/Tailte Eireann) and the Irish State is also available.
Defective Title Indemnity
Provides an indemnity to the insured (and their mortgagees, successors in title) against all direct financial loss, costs and expenses incurred should the title be challenged or defeated as a result of the specified defect in title.
We also provide solutions for the following Legal Contingencies;
- Administration bonds
- Deeds of gift
- Defective title insurance
- ‘Lost Title Deeds / Lost Deeds
- Lost securities
- Missing beneficiaries
- Restrictive covenants
- Rights of way
- Section 43 – Non-Residential Directors
- Indemnity to the Property Registration Authority (PRA/Tailte Eireann) also available
Benefits for Solicitors
These policies are designed to protect your Client for risks arising out of the transfer of assets, be that from the execution of a will or the sale of residential property. The policies operate on a “no fault” basis and therefore reduce the potential that a claim will be taken against the Solicitor when issues arise. This means that where your Clients purchase this policy there is a reduced potential for future professional indemnity claims arising from insured transactions. Purchase of these policies by clients is also consistent with a Solicitors duty to properly manage a Client’s risk.
- Indemnity to the PRA (Property Regulatory Authority/Tailte Eireann) and the Irish State is available
- Fixed Period OR Continuing basis policies available
- Quick Turnaround – A-Rated Insurers
Best Cover, Advice & Service
3 Easy Steps:
- Complete our questionnaire online or download the form to complete and return to us along with a map of the property (if the title is unregistered) and any available declarations/searches completed
- Underwriter approval or request for additional supporting documentation should transpire within the day
- Policy documentation will follow without delay when premium payment lands in our account
If downloading the pdf version, please save it to your local device and email it to info@safaughnan.ie along with documentation specified above.
We DO NOT accept posted documents – Everything by email
For all OTHER Legal Contingency risks please click here.
