This is to cover the cost of addition parcels to be included in a Local Authority Search for a Residential Transaction.
Our products comply with the requirements of mortgage lenders for property transactions.
Products are Search Code Compliant and CoPSO regulated.
For your peace of mind our pack products provide industry expected levels of insurance and are compliant with all regulating bodies and codes of conduct.:
Our Local Authority Search is protected by Professional Indemnity Insurance arranged by Travelers Insurance Co Ltd, the limit of which is £10,000,000. This indemnity also provides cover for errors and omissions in local authority and water company data/records which are used to compile our search reports. The search further benefits from 6 years run-off cover.
Our Drainage & Water Reports come with a £2 Million indemnity insurance from 'stewart title'
The Airchecker Report comes with a PI cover of £2million
The Ground Report comes with £1 million of indemnity cover in the aggregate in respect of any one Property.
The Homecheck Pro Report is backed by £10 million professional indemnity insurance.
The Groundsure Homebuyers Environmental report comes with Reliance: £10m Professional Indemnity Insurance. Can be relied upon by all professional parties within a property transaction, first purchasers/tenants and their advisers. Please refer to Groundsure terms & conditions.
The Envirosearch Residential Report comes with: a Radon screen- Insurability statement, PI cover of £10million, Free ‘Further Action’ risk re-review service and £150,000 Contaminated Land excess free remediation contribution
The Homecheck Flood Report comes with a Consultant assessment on high risk sites, Clear next steps, £10m PI cover of £10million, Insurability statement, is Law Society compliant, FloodRe eligibility indicator
Our No Search Chancel Repair Insurance Policy provides up to £500,000 of Indemnity Insurance per property.
Argyll Energy & Infrastructure report comes with a Professional Indemnity Cover of £10million (terms apply)
