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Indemnity insurance

  • 26-01-2021 8:54pm
    #1
    beefyor1983
    Registered Users, Registered Users 2 Posts: 21 ✭


    Hi I'm buying a new home. My solicitor has been trying to get details on the indemnity insurance of the contractors design company. Each time they have asked its just been declined with no reason. Its a large development and contractor has multiple sites throughout the country.
    Is this a normal procedure from my solicitor and if so why would the contractors solicitors be holding out.


Comments

  • #2
    mickdw
    Registered Users, Registered Users 2 Posts: 23,730 ✭✭✭✭mickdw


    beefyor1983 wrote: »
    Hi I'm buying a new home. My solicitor has been trying to get details on the indemnity insurance of the contractors design company. Each time they have asked its just been declined with no reason. Its a large development and contractor has multiple sites throughout the country.
    Is this a normal procedure from my solicitor and if so why would the contractors solicitors be holding out.

    All the design professionals involved will need to hold indemnity cover. Im sure it will turn up - posibly an outstanding invoice issue between certifying engineers and contractors


  • #3
    beefyor1983
    Registered Users, Registered Users 2 Posts: 21 ✭beefyor1983


    mickdw wrote: »
    All the design professionals involved will need to hold indemnity cover. Im sure it will turn up - posibly an outstanding invoice issue between certifying engineers and contractors

    Hi so its a legal requirement for them to have it?
    So there would be no need to delay contract signing before actually seeing it?


  • #4
    mickdw
    Registered Users, Registered Users 2 Posts: 23,730 ✭✭✭✭mickdw


    beefyor1983 wrote: »
    Hi so its a legal requirement for them to have it?
    So there would be no need to delay contract signing before actually seeing it?

    No, id sign nothing until you get it. Business can have cover but not issue proof or indeed final certs


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