Indemnity Insurance

[jaxdie]

When we bought our home in 1999 we were told that there was a Covenant dated 1962 stating that we had to notify a named person if we wished to add an extension or any new outbuildings. In 2000 we decided to add a small sun-lounge and wrote to the person named at the address on the document , we did not receive a reply and decided to add the sun-lounge, which did not need local planning consent. Now we wish to sell the property and the buyers solicitor is asking about the consent for the sun-lounge, we have explained but they are saying we may need to have insurance for this. We have visited the Covenent address recently to find it is an empty shop. Please can someone advise asap, our sale is due to go through soon. Thanks Jaxdie

[MustafaTickl]

The premium for such an insurance is very little compared to what you are getting for your property so clinch the sale by going along with the vendors solicitor.

[vicars]

Yes, I concur with that. It is pointless trying to track this person so go with the insurance.

[PrinceRainie]

Similar thing happened to me. Didnt cost much to get the insurance...and problem solved.....

[buildersmate]

Single-premium insurance should be less than �100

[mrs_overall]

In these cases it's normal for the seller to arrange the indemnity insurance which is then valid for the life of the property I believe. These old restricted covenants are a bind. I live on a small estate of 1920's houses, all of which have a covenant on them. Every single house has broken the covenant by having sheds/garages/extensions/conservatories etc built and no one has ever had a problem.