Spotlight on… Sewer Adoption
July 3, 2023
Spotlight on…
Sewer Adoption
Is your client buying a ‘Residential’ property, or are they a mortgage lender dealing with a ‘Residential’ property?
Is the water/sewerage company demanding contributions towards the costs of adopting the sewers serving the property? Perhaps due to an absence of a S104 Agreement, or because a developer has failed to comply with its obligations under a S104 Agreement?
Good news! GCS has the perfect solution for you…
What are your options?
We offer three variations of our ‘Sewer Adoption’ legal indemnity policy, depending on your client’s situation:
Capped 15 Years
This policy provides cover during the period of indemnity in the event of the water/sewerage company seek to obtain a contribution towards the costs of adopting the sewers serving the property, due to the reasons above.
Premiums start from just £57 (incl. IPT).
View IPID or Specimen Policy.
In Perpetuity
This policy runs in perpetuity and provides cover if the water/sewerage company seek to obtain a contribution towards the costs of adopting the sewers serving the property, due to the reasons above.
Premiums start from just £84 (incl. IPT).
View IPID or Specimen Policy.
Lender Only
This policy runs in perpetuity and covers the mortgage lender for loss suffered if the water/sewerage company seek to obtain a contribution towards the costs of adopting the sewers serving the property, due to the reasons above.
Premiums start from just £50 (incl. IPT).
View IPID or Specimen Policy.
How can you obtain cover?
GCS has multiple options for issuing our ‘Sewer Adoption’ policy.
If you’d like to issue this policy INSTANTLY through GCS ‘Online’, you can register for an account or log in.
Alternatively, you can contact one of our underwriters by email or phone, and they will issue the policy for you.