GCS Insurance for Imdemnity Policy

[Laura20]

I have recently been advised that deeds have been lost to the property i am buying. Land Registry have granted Full Title and i have been given an insurance of the above. Is anyone aware what will happen when i come to sell the house? I am hoping that this is an insurance that has no time limit.
I have asked my solicitor but it is taking time to get back to me.

[Eve]

The definition of the insured under the policy should (best to check) include the person taking out the policy (ie you), their successors in title (ie people who by the property off you) and mortgage lenders.

When you sell the policy will go with the deeds. The buyers solicitors may raise some enquiries on it during the conveyancing process (eg if it was mentioned the deeds were lost and indemnity insurance was obtained or they request a copy of a missing document for any reason) and provided everything has been done as it should be and the policy is acceptable to their lender then there shouldn't be a problem.

[Laura20]

Thank you, that really helps, i will make sure i get an answer from my solictior before any money is transferred.