Title Insurance
The Legal Indemnities marketplace has developed into a surprisingly complex market with quite a few participants, all with differing risk appetites and exposure levels. At JWL we know time is of the essence in most transactions. As an independent privately owned company we can assist you in understanding the various arrangements at play and source the best cover to suit your timescales.
How We Can Help
JWL can arrange cover for the simple and the most complicated risk; from Chancel to Rights to Light (and Probate matters too!)
Our service includes a personal recommendation giving you the reassurance that the market exercise has been carried out, in turn, aiding you in discharging your regulatory responsibilities to your client when arranging insurance.
We are proud to work hard for you and your clients at no additional fee!
History Of The Title Insurance Market
The UK title insurance market has been evolving for around 50 years. In the early days cover was sought directly from insurance companies such as Norwich Union Eagle Star and Sun Alliance.
We can remember when cover requests were made through the post and policies were typed out in insurers typing pools!
Then fax machines came along to speed things along… Today the process is much more efficient, and premiums are consequently much lower. The marketplace is also much more competitive.
Why It's Important
It is still regarded as something of a grudge purchase but it does have a legitimate place in real estate dealings as a viable alternative to the uncertain, time consuming and potentially very expensive route of seeking a legal resolution. Title insurance can be used to ensure that transactions are able to proceed in a timely and cost certain manner.
Expert Brokers
Law firms can carry out insurance distribution activities when regulated by the SRA as exempt professional firms, but expert brokers like JWL are here to ensure your clients get best value for money and to help with the burden of ensuring proper disclosure when arranging cover.
Insurance Providers We Use
Title risks we can obtain quotes for
We can obtain quotations for a wide range of legal indemnity products including:
- Absence of easements for Access (pedestrian/vehicular)
- Absence of easements for Services
- Adoption of Road/Sewer
- Adverse Possession/Possessory Title/Lost Title Deeds
- Adverse/Outstanding Third Party Rights
- Archaeological finds
- Building Regulations inc. FENSA
- Build-over Insurance (in-perpetuity terms available)
- Chancel Repair (‘known’ and ‘potential’)
- Defective Title Insurance
- Defective Lease Insurance
- Environmental Insurance
- Forfeiture of Lease
- Freehold Restrictive Covenants
- Housing Act Insurance
- Insolvency Act Insurance
- Judicial Review
- Lack of Title
- Leasehold Restrictive Covenants
- Maisonette and Contingent Buildings Insurance
- Manorial Rights
- Mining/Mineral Rights including Trespass
- Missing plans
- Missing Title Particulars
- Outstanding Leasehold Interest
- Planning & Listed Building matters (lack of consent/breach of conditions)
- Railway Leases
- Rent Charges (Freehold and Estate)
- Rights to Light
- School sites/reverter risk
- Search Insurance (No Search for purchase or financing, Search Delay/Validation)
Bespoke Services
We understand that cases can require something more bespoke and at J W Lear we have access to markets that can deal with the following:
- proposed changes of use
- developments (pre and post planning)
- specific tenant losses
- certain risks on Agreed Conduct basis.
- extensions for business interruption and delay costs
- Portfolios including perfect title cover
- Renewables
- BNG
- Share purchase
- Leases
- Environmental cover beyond Part IIA for developments/distressed assets/financing and retained liability
