Prosperity Insurance launches another raft of new Conveyancing Indemnities

Prosperity Insurance is delighted to announce the introduction of a further 11 policies to its range of conveyancing indemnities. The move comes in response to increased demand from our clients for a wider range of policy coverage and takes our range to a total of 75 covering residential, commercial, and new build.

What’s being introduced

The new policies offered include what’s known as a ‘Section 38 Adoption of Road’ policy, which offers protection in the event of a shortfall arising in the outstanding mortgage. This could be caused by the relevant statutory authority demanding a contribution towards the cost of adopting a roadway because an S38 agreement has not been entered into, or where the developer has not fully complied to the agreement’s obligations.

They also include a ‘Section 104 Adoption of Sewer’ policy, which offers similar protection in the case of any statutory body demanding costs for adoption of neighbouring sewers.

The art of conveyancing

Both of these policies have been frequently requested by our client firms – and we’ve introduced them to ensure that we’re delivering in a way that responds to the needs of the conveyancing industry.

Our initial range of conveyancing indemnities included 22 separate policies, and it quickly became clear that there was appetite for more. We understand that Conveyancing – and even Commercial Property to a degree – often requires speed, and indemnities allow Solicitors to deliver that speed by putting appropriate protections in place for issues that are too time consuming or difficult to resolve.

Simple and efficient

Understanding the nature of property work has also informed the way we provide our policies. All of our competitively priced indemnities are managed through a simple to use portal which, once a firm is registered, can provide you with a premium in seconds and a policy in minutes. We’ve streamlined the process to require minimal reporting requirements, and everything is overseen by a dedicated Account Manager – any issues and we’re right on hand to support. All of the above to ensure your time and effort is free to be put into doing what you do best.

Darren Parfitt, Business Development Manager at Prosperity Law commented:

“In the last 18 months, we’ve expended Prosperity’s range of conveyancing indemnities threefold; a team effort that’s evidence of our commitment to providing the best service possible.

Yes, our products are extremely competitive, but we understand the need to deliver in a way that fits around the nature of our clients’ work. And it’s that feature that our client’s appreciate most.”

You can view Prosperity’s entire range of conveyancing indemnities on our dedicated page or to discover more about how we can support our firm, get in touch.