Until 13 October 2013 chancel repair liability will continue to bind new and existing owners of property alike as an overriding interest. Chancel repair liability is a matter of concern for both the legal profession and landowners. The insurance option should always be a consideration because:
Stewart Title realises that every land transaction is different and has a range of chancel repair products to suit all requirements.
Our standard defective title policy provides cover where an investigation has been undertaken and it is found that a liability may exist. The policy is in perpetuity and will protect the insured its, mortgagees and any successors in title.
Stewart Title also provides a low cost no search policy on a block basis for residential properties, commercial properties, purchases or remortgages, where no chancel repair search needs to be carried out.
Our block policies save time and are cost effective. All our policies offer peace of mind at a reasonable cost and ensure that a party with an interest in a property is protected against any potential chancel repair liability. The process of obtaining chancel repair liability cover is simple and straightforward and our block policies provide immediate cover.
Individual quotations will be given for cover under our standard defective title policy. Premiums for block and master policies will be predetermined with you on the basis that the policy conditions can be met.