The term Possessory Title embraces a whole range of circumstances from the situation where, on first registration, all the documentation was not available and the Land Registry only granted possessory title, through the ownership of part of the land attached to a property being unclear, to occupying land and seeking to claim adverse possession. Insurance is available in many circumstances.
In what circumstances is cover required?
Where all or part of the Property comprises a Possessory Title registered at Land Registry or is not registered and adverse possession is claimed.
Risks covered: losses sustained should any party establish or seek to establish an adverse interest and includes damages/costs awarded to a claimant, reduction in market value, cost of necessary works and other costs and expenses.