Indemnity Insurance?

[Katy May]

I'm selling my house. The chimney breast was removed and the stack is left. There seems to be a lump of steel underneath, but I suspect that the survey will recommend that the chimney stack is checked and this steel will be found insufficient. Options are: remove chimney (not possible as shared with next door); insert RSJ (not possible without removing ceilings and roof); or get indemnity insurance. Does anyone know how indemnity insurance works; what I need to get it, how much it costs and who would offer it? I realise that's a lot to ask in one question - sorry, but thanks for all answers.

[kaztuz]

Just studying for my insurance licence's at the moment and I can tell you indemnity means that if you make a claim you are left in the same financial position that you were in before you made the claim, basically you will be no better off, but you will be no worse off financially either.
As for who sells it I think you would probably be best ringing some of the larger insurance companies and if they don't offer it they may be able to advise you where to go.

[Yodel]

When we bought our house, our seller's solicitor arranged his indemnity insurance for him (to cover 2 rooms having been knocked into 1 yonks ago). Not sure that insurance companies will deal directly with the public for indemnity insurance.

[Katy May]

Thank you - I think I misunderstood what indemnity was - was hoping it was an alternative to getting the work done. Never mind!