Sometimes the Mines & Mineral Rights in respect of Property or land are reserved to a third party. This can be recorded on the title deeds to the Property, registered as a Caution, or, on occasion subject to an entirely separate title.
In what circumstances is cover required?
Where there is a proposed development of a property and there is a concern that the mining and/or mineral rights to the land belong (or may belong) to a third party and the third party seeks to exercise those rights to the detriment of the property.
Risk covered: includes payment of damages, loss of value and other costs and expenses.