Good Leasehold Title Indemnity Policy
Key Features
Please read your policy document fully
This key features document provides a summary of the cover, key benefits and exclusions. You should read your policy carefully to
understand the full cover, terms and conditions that apply.
We are not able to provide you with any advice. If you have any questions or concerns regarding your policy, please contact your legal advisor
or insurance intermediary.
About your insurance
This insurance is underwritten by Conveyancing Risk Management Ltd on behalf of Ageas Insurance Limited (Registered Number 354568).
Registered in England and Wales, whose registered office is Ageas House, Hampshire Corporate Park, Templars Way, Eastleigh, Hampshire,
SO53 3YA, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority, Financial Services Register no 202039.
What is a good leasehold title?
A good leasehold title is granted by the Land Registry when the
freehold title to the property is not registered and the Land
Registry determines that they cannot guarantee that the landlord
had the right to grant the lease.
Significant or unusual exclusions or limitations
The policy:

provides cover for financial loss only;

will not pay out more than the limit of indemnity;

What could be an adverse interest?
An adverse interest is any interest a third party has in your
property which may negatively affect your financial interest in the
property such as:


third party rights affecting the freehold title and thereby
affects the leasehold title such as:
o a right of way over your property;
o benefit of a restrictive covenant on the freehold title
which prevents you from being allowed to do something
to your property, such as add an extension without
permission;
a third party challenging your ownership to the property, e.g.
that the lease was not legally granted and that they have a
better claim to the occupational interest in the property.
Why was the policy taken out?
During the conveyancing or lending process, a legal practitioner
has identified that as your property is registered with good
leasehold title only, it may be affected by an adverse interest
which if enforced against you could cause you a financial loss.
Key benefits of the policy
The policy:

provides protection against a third party establishing or
attempting to establish an estate, right, title, covenant or
interest adverse to your ownership of the property which
could require you to carry out works and or result in a loss in
market value of your interest in the property and or
payments of damage or compensation or settlement to the
third party;

covers you, future owners and lenders;

unless claims payments have exhausted the limit of
indemnity, the policy runs in perpetuity which means it does
not expire.
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does not guarantee an outcome such as:
o
your ability to maintain possession of your property if
someone else successfully claims ownership
o
your ability to keep an extension which was erected
without permission from someone benefiting from a
covenant
o
your ability to keep someone from exercising their rights
over your property
What is not covered?

Non-residential properties, or multiple residential properties
such as a block of flats, or a house in multiple occupation.

Leases that were not at least 15 years old at the start of the
policy unless the lease was granted out of a headlease that
was more than 15 years old at the start of the policy.

Any structure completed or altered in the 12 months prior to
the start of the policy.

Where there are any alterations, extensions or changes in
use to your property after the start of the policy.

Any adverse interest (other than the fact that the title to the
property is good leasehold title) that you knew about before
the start of the policy, for example:

o
third party rights, easements, covenant or other matters
that are specifically referred to in your title to the
property;
o
third party rights that were being exercised over, under
or through the property.
Any loss caused by your actions such as:
o
discussions with any person who may have an interest in
your property which is adverse to your interest in the
property;
o
attempting to upgrade your title
© CRM Limited 2016
To ensure the policy is not invalidated:
Do

Ensure the terms and conditions of the policy are met and
the Statements of Fact shown on the policy are true.

Contact us immediately if:
o you are contacted by anyone claiming an adverse
interest in your property;
o you become aware of anything which may cause a claim
or invalidate the policy.
o you want to carry out further works to your property.
If there is a claim:
We have the right to decide how we handle the claim and you will
be required to:


cooperate and provide any information we need;
take any action we request in order to minimise the loss;
It is important that you contact us before taking
action or responding to others so you do not
invalidate the policy by causing or increasing the loss.
Do NOT

Tell anyone about this policy other than your legal advisor,
particularly not someone who may have an adverse interest
in your property such as a neighbour;

Discuss matters covered by the policy with anyone other than
your legal adviser, particularly not someone who may have
an adverse interest in your property such as a neighbour.

Agree to any actions or payments or suffer any costs without
our consent.
Complaints
We aim to provide the best possible service but if you do have any questions or concerns about this insurance or the handling of a claim,
please contact:
The Compliance Officer
CRM Insurance
68 King William Street
London EC4N 7DZ
DX:
Telephone:
Email:
130981 London/City
0207 7256 3847
[email protected]
If you are still unhappy
The Financial Ombudsman Service is an independent organisation who may consider your complaint if after you have tried to resolve it with
us we are unable to reach an agreement:
The Financial Ombudsman Service
Exchange Tower
London E14 9SR
Telephone:
Email:
Website:
0800 023 4567 or 0300 123 9 123
[email protected]
www.financial-ombudsman.org.uk
If you take any of the action mentioned above, it will not affect your right to take legal action.
Financial Services Compensation Scheme (FSCS)
Conveyancing Risk Management Ltd and Ageas Insurance Limited are covered by the FSCS. For further information, you can visit the FSCS
website at www.fscs.org.uk or contact them by telephone on 0800 678 1100 or 020 7741 4100 or email [email protected].
Conveyancing Risk Management Limited (CRM Limited), Registered No. 04568951. Registered Office: 150 Aldersgate Street, London, EC1A 4AB
CRM Limited is authorised and regulated by the Financial Conduct Authority.
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© CRM Limited 2016