Rural Protect’s Claims Against an Insured Person Cover provided critical protection when personal liability was at stake. The cover ensured the insured could access professional legal defence in a challenging and technical dispute.
Business Type: Land and Property Owner
Section of cover: Personal Liability
Applicable cover: Claims Against an Insured Person
Circumstance: Alleged breach of restrictive covenant following land sale.
Legal fees value: £43,030
The scenario:
A land and property owner sold part of their land to a third party under an agreement that included restrictive covenants controlling how the property could be used in the future.
What happened?
Following the sale, a dispute emerged over alleged breaches of those covenants. The claimant pursued the insured person for non-compliance, and further disagreement arose regarding legal costs. The complexity of the case required experienced representation to defend the insured’s position.
The outcome:
The insured person received full legal support from rradar to contest the claim and address the cost dispute. The case concluded successfully, with the insured avoiding significant financial loss and protecting their reputation.
Things to consider:
- When selling land, ensure restrictive covenants are clearly worded and understood by both parties.
- Seek professional conveyancing advice to avoid unintended breaches after sale.
- Keep records of all correspondence and agreements relating to property sales.
- Personal Liability cover is invaluable when legal claims arise from complex property transactions.
To understand more about Rural Protect and how it can help rural businesses, call us on 01653 609090 or email enquiries@hbunderwriting.co.uk.
