Hello! I've been ringing round some conveyancing solicitors recently and one them mentioned that there may be some extra costs on top of the quote depending on the property we choose to buy. One of the extras is indemnity insurance. Coz i had so much going on in me head, i forgot to ask what it meant. Could someone please shed some light on this one.

It's a type of protection policy (guarantee of compensation) is you suffer some sort of loss or damage in connection with your property or rights to use/enjoy it. For example, you build an extension w/t seeking a planning permission. Local Authority gets a sniff of it and orders you to dismantle this as it does not meat building regs/etc. If you have indemnity insurance, it should cover the costs of bring the extension down. Please feel free to correct me if i got it completely wrong

risk protection for actions for which a business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred.