Property deposit indemnity insurance

Depositsure

Deposit Guarantee Insurance is a very simple concept.

Normally when buying a house the buyer has to pay a deposit to the seller and they have to fund an amount of money at exchange of contracts. Either the whole deposit or, if they have a property to sell (as in a chain), the difference between the deposit they receive on their property and the amount they have to pay on the purchase.

This is a particular problem when buying a property off plan, when completion may be protracted.

WE OFFER AN ALTERNATIVE.

Instead of paying the deposit in cash you can now provide an insurance guarantee policy. In return for an insurance premium insurers will undertake to pay the deposit if the sale fails to proceed to completion.

Acceptance for insurance protection is guaranteed subject to proof of certain criteria and the premiums are very reasonable.