Restrictive Covenants

Restrictive Covenant Insurance

Restrictive Covenant Insurance

Restrictive covenants can pose serious problems for self build projects regarding the type of property which can be built on the land, or its permitted use. Due to an increase in the number of people developing their own properties or extending an existing property, this has brought many restrictive covenant owners to the fore and in many cases the disputes have ended up in court. Self-builder restrictive covenant insurance offers a safeguard against associated costs.

Why do I need Restrictive Covenants cover?

The chances of identifying a potential development site which is not subject to property restrictive covenants which are potentially prejudicial to that site's development are rare. For most developers arranging restrictive covenant indemnity insurance is now a routine part of the acquisition of a site and a cost factor that is built into the project.

Restrictive covenants are obligations normally imposed by a previous landowner who has sold part of their land to you for your self build but remains living on adjacent land, and they may prevent you from using the land for particular purposes. If you are purchasing a plot of land with existing breaches, or a change of use is intended, insurance can provide security for your project. Likewise, if you are the one selling the land, restrictive covenants insurance can help to protect you against losses.

Normally a prerequisite to any cover in respect of an anticipated breach of restrictive covenants is that planning consent has been obtained without objections. In some instances however, insurers are able to consider on a 'prior to planning basis'.

Self Build Restrictive Covenants Insurance covers for:
  • Existing breach of restrictive covenants
  • Proposed breach of land restrictive covenants where action to enforce them is considered unlikely because of the age of the covenants or changes in area
  • Unknown covenants
  • Breaches of some old leasehold covenants

How do I arrange Restrictive Covenant Insurance?

To get a quote for restrictive covenants cover, please call one of our team on FREEPHONE 0800 018 7660 and someone will be in touch as soon as possible.

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