The collaboration will give lawyers and conveyancers easy-to-use facilities to arrange bespoke Title Indemnity policies for both residential and commercial clients, offering real protection for property sellers, purchasers and lenders against known and unknown issues relating to title and warranties.
Title insurance policies – also known as legal indemnity cover or defective title cover – indemnify the owner against actual loss arising from a legal ownership defect which results in either loss of title to all – or part – of the land and buildings or their reduction in value and a lender against the loss of mortgage security (or priority for the mortgage).
Business interruption covers, as a result of title problems, are also available for commercial tenants and operators. Policies from DUAL also cover legal costs and expenses incurred in the event of having to defend the title or reach a settlement.
Temple’s managing director, Chris Wait, said of the Partnership: “DUAL is renowned for creating and delivering bespoke legal indemnity products to meet specific deal needs rather than just “off the shelf” covers.
“The addition of full general real estate warranty and indemnity products to its range complements the legal advice of lawyers and provides security against the “what if”, helping to oil the wheels of a property transactions.
“DUAL’s expertise in developing policies that are truly fit for purpose are second to none and we are delighted to be able to offer their Title Insurance facility via Temple.”
Temple’s Lawyer network now has access to DUAL’s full range of asset products, either through a simple online system for residential risks and, for commercial and more complex matters, by direct access to expert underwriters. Call Temple on 01483 577877 or email firstname.lastname@example.org for details.