Restrictive Covenants Indemnity Insurance
If you own a property or properties that you subsequently discover has a restrictive covenant placed upon it, then it may stop you from developing it as you had hoped, or force you to alter it back to a previous state. For larger developments and construction projects, this can create costly delays and operational challenges.
While the restriction should be discovered during searches and due diligence before purchase, this is not always the case. Lost deeds and unenforceable or incorrect wording in covenants can be problematic, and sometimes restrictive covenants only come to light when you come to sell your property, secure funding, or renew your mortgage.
If you would like to discuss your requirements with one of our experts, or find out more about our services, send us your details and we’ll be in touch shortly.
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We can help you insure against restrictive covenants including:
- Unauthorised buildings or extensions to properties where there was a covenant not to build on the land
- Use of the land for business purposes, even when business has been taking place for years
- No building for residential use on land previously used for agriculture
As you can imagine, this is a complex area that requires specialist knowledge and guidance. As an independent Lloyd’s broker with extensive experience, we support clients across large portfolios and development projects, and can source individual policy wording to cover you for any damages, demolition or alteration costs, together with any loss in your property’s value. We have access to major and niche insurers for even difficult‑to‑place risks.
In the event of a claim, our in‑house team will deal with matters quickly and efficiently to make sure there is as little disruption to your business as possible, ensuring continuity across wider operations or project timelines.
Restrictive Covenants Indemnity enquiry form
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There is no need to choose between experience and personal service. With Kerry London you have both. Contact us for expert, personal advice on your insurance needs.
