Commercial Chancel Indemnity Insurance (up to £500k cover)

The Need for the Policy

This Chancel Repair Liability Indemnity policy provides cover where your property is subject to a liability to contribute towards the cost of repair to a church chancel. It is designed to protect you against the losses and expenses outlined in the Cover section of the policy, subject to the policy terms and conditions.

Statements of Fact

Indemnity is provided on the basis that the Vendor of the Property has answered “Yes” to the following questions:

1. Has the Property been used continuously as a single commercial dwelling throughout the past 12 months?

2. Can you confirm that the Property is not comprised of more than 20 acres?

3. Can you confirm that, within the past 3 months, a search has been carried out at the Land Registry which does not disclose the registration, or notice of intended registration, of a chancel repair liability affecting the Property?

4. Can you confirm that you are not aware of any correspondence or contact by or with a parochial church council or any other church body or authority about a liability for chancel repair which affects either the owners of the Property, or owners of other properties in the vicinity of the Property?

Key Benefits of the Policy The Policy:

• Protects against compensation and legal costs which you are liable to pay for repair of the church chancel as confirmed by court order or otherwise with our prior consent.

• Legal costs and expenses incurred by you with our prior consent to defend any legal action in connection with such liability. The policy automatically covers your mortgage lender, subsequent owners and their lenders. The limit of indemnity under the policy automatically increases by 5% per annum for a period of 10 years. The interest of any insured will not be prejudiced by any act, omission or misrepresentation by any other party unless such party acted on their behalf or with their knowledge or consent.

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