An Ineffective Deed of Enlargement arises where the expansion of an ownership interest from leasehold to freehold is potentially ineffective. Insurance is usually available to deal with these circumstances.
In what circumstances is cover required?
Where a Deed of Enlargement of a leasehold interest into Fee Simple is potentially ineffective.
Risks Covered: Losses damages/compensation awarded against the Insured.
Cover includes adverse difference in market value, cost of works required by a court order, cost of settling out of court as agreed with Insurers and other costs and expenses.