What Is Land Insurance?
Land insurance provides legal liability protection to meet a land owners duty of care owed to visitors or other members of the public as outlined in the Occupiers Liability Act 1957. Land Liability Insurance will indemnity the land owner up to the agreed sum insured in the event of negligence resulting injury or damage to third party property.
Do I Need Land Insurance?
Whether you have purchased land for development, speculative future value increase, or for any other purpose, you are likely to have a need for land liability cover. Even if the land is adjacent to another property you own, if it enjoys separate title you may need to arrange land cover independently from the property policy. If a lender has been used to purchase the plot they may require liability insurance to be put in place prior to completion of contracts.
Compare Land Liability Insurance
Insync specialises in all forms of cover for property and landowners across the UK. We have access to a range of underwriters allowing our property insurance advisors to compare cover and premiums, helping you obtain the right level of cover at the right price. Immediate quotations and cover are available alongside appropriate confirmation for lenders if required.
Will The Policy Cover Buildings on the Land?
Derelict buildings or other structures, such as abandoned farm properties or stables, can represent a liability risk, particularly if children or other trespassers gain access to your land. In many cases the buildings will have no value, but cover can be extended to accommodate the public liability exposure under a land insurance policy.