Claim Case Study: Local Authority Search Adverse entry in Personal Search Report Background A personal search company provided a Local Search to a purchaser of a property. The Local Search stated that the property they were buying was on an adopted road.
Challenge However, once the purchaser had moved into the property, they were notified by the Local Authority that the road was not adopted.
Solution Fortunately for the purchaser, they had obtained a Regulated Local Search. All Regulated Searches are required to adhere to the Search Code, which requires suppliers to provide additional consumer protection to cover errors and omissions in the source data held at the Council.
which provided cover for loss arising from an adverse entry that should have been revealed by a Local Authority Search carried out directly with the Council (had one been obtained on the policy date) but had not been made available to the personal search company at the time of their visit. The loss covered by the policy and payable to the insured was the difference in value of the property with the defect, i.e. the property being on an unadopted road rather than an adopted road. In order to ascertain this value, First Title instructed a RICS qualified local surveyor to value the property. The insured was indemnified as a result of that valuation for the full loss owed to them and payment was made swiftly in full and final settlement to the satisfaction of the insured.
The Local Search in this case benefited from an insurance policy from First Title Insurance,
Call: +44 (0)207 160 8218 Email: online@firsttitle.co.uk Visit: www.firsttitleresidential.co.uk First Title Insurance plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. First Title Insurance plc is registered in England under company number 01112603. Registered office: First Title Insurance plc, ECA Court, 24-26 South Park, Sevenoaks, Kent TN13 1DU.
Leading Title Insurance 960-0219