Possessory Title

Background:

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.

Product features:

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.

Information Needed:

  • Property address
  • Property value (or developed value in the event that development is to take place)
  • Use of the Property – both current and intended (if a change of use or development is intended)
  • Plan or sketch showing the area comprising the Possessory Title
  • Confirmation that the possessory land has been enclosed

 

For further information about Possessory Title indemnity insurance or to get a quote, call our team on 0845 557 0845 (local call rate) or 01293 880700 or email us at enquiries@lawsureinsurance.co.uk