Letter to client-arranging insurance—insurance mediation—law firms [Archived]

The following Practice Compliance precedent provides comprehensive and up to date legal information covering:

  • Letter to client-arranging insurance—insurance mediation—law firms [Archived]

Letter to client-arranging insurance—insurance mediation—law firms [Archived]

We have reached a stage in your matter where we believe it would be in your best interests to buy [insert type of insurance] from [state name of third party to whom you have introduced the client for insurance or who has given you delegated authority to issue a policy]. This is something we have already discussed and you have agreed that we will [state what you will do to arrange the insurance, eg submit a proposal form on the client’s behalf or issue the policy under delegated authority].

Demands and needs

[Explain what insurance you are recommending and why, eg ‘There are problems with the title deeds relating to the property you wish to buy, in that (explain what the problem is and the consequence). This is known as defective title. Some defects of title can be covered by insurance called a Title Indemnity Policy, which would cover the [insert value of the property or the purchase price] at the time of taking out cover. The policy does not cure the defect, which remains, but it does cover the loss of any value of the property on a later transaction which you suffer as a result of that defect, eg if you sell the property it also covers legal costs relating to defending any action brought by third parties

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