what is indemnity insurance when buying a house

Indemnity insurance is a type of protective insurance policy taken out during property transactions. It covers the person or people buying the property and their successors, and if a mortgage is taken out on the property, it also covers the mortgage lender. The insurance policy will cover the buyer against any legal property issues that may arise, and it will benefit the buyer because they will be the new owner of the property. The insurance policy will also cover the seller if they choose to buy it, as the insurance resides with the property, not the owner. Indemnity insurance is not compulsory when buying a house, but it can give peace of mind that you are protected if any legal issues arise later down the line. Some common issues covered under indemnity insurance include planning permission, restrictive covenants, building regulations, land registry, boundaries, and right of access.