Legal Indemnity Insurance for Residential & Commercial Properties

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Spotlight on… Rights to Park

January 18, 2024

Spotlight on…

Rights to Park (Leasehold) (RP)

Rights to Park also known as Absence of Easement Indemnity (Leasehold), provides cover in favour of the lessee for the right to use an allocated car parking space. The policy will cover if the Insured is prevented from using the car parking space on the grounds that they do not have a legal easement to do so. It may be used to cover an existing single residential dwelling, where a legal right to use a parking area cannot be established.

What is insured?

  • The Insured named on the Policy Schedule & all successors in title.
  • The Policy provides inflation cover (increasing the Limit of Indemnity by 5% per annum for 10 years from the Commencement Date).
  • The Policy also provides additional comfort for Mortgagees, Successors in Title and Genuine Purchasers under the Non-Invalidation Clause.
  • The cover provided is: Loss sustained in the event of any claimant establishing or attempting to establish a legal right to prevent the Insured from using the Parking Area in connection with the Insured Use of the Property on the grounds that the Insured does not have a legal easement to use the same.

For full terms, please see the Policy.

Additional information on Rights to Park

  • Premiums from £70.00 incl. IPT
  • ‘Instant’ cover for residential properties
  • This policy will run in perpetuity
  • Up to £3m limit of indemnity
  • Comprehensive cover including automatic 5% inflation clause per annum for 10 years
  • Electronic policies
  • Monthly statement and numerous payment options
  • LOI can be increased at any point using our top-up policy
  • BACS and cheques accepted

Click here to read the IPID

How can you obtain cover?

Rights to park can be issued through ‘Online’ and ‘Bespoke/Direct’.

If you’d like to issue this policy INSTANTLY through GCS ‘Online’, you can register for an account or log in.

‘Bespoke/Direct’ services are available if you can’t find the cover you’re looking for ‘Online’. Our ‘Direct’ service is available if you simply wish for us to provide cover direct from our office, please contact us for a ‘Bespoke or Direct’ quote.