Product Update: CLS Property Insight policy changes and enhancements as of 1st November

Based on research and client feedback, CLS are pleased to announce numerous enhancements to their policies. 

Please see below for more details;

Wording Changes

Absent Landlord – TP56 & TP253
Now our policy covers both absent and unresponsive landlord and Statement of Fact B has been updated to reflect this.

Lack of Planning and/or Building Regulations – TP51 & TP260
We have now made it clear that our policy covers for lack of building regulation certificate as well as works under the competent person scheme including Part L in respect of boiler installation and HETAS, Part P in respect of electrical installation and NICEIC & FENSA Certification.

Another positive change is that we have expanded cover to now include lack of certification for works carried out over 6 months old as standard.

Defective Lease – TP274
We have increased coverage on this policy, the additional insured risks include loss arising from missing pages in the Lease or, where a plan is referred to in the Lease and is missing or uncoloured.

Limited / No Title Guarantee – TP269
Now our policy covers both Limited Title Guarantee and No Title Guarantee and an additional Statement of Fact has been added to reflect this.

Forfeiture of Lease (Housing Act 1988) (Lender) – TP268
We have reworded this policy following customer feedback. The new wording ensures that the coverage is clear.

Lack of Support cover in the Flat/Maisonette policy – TP54
We have increased coverage on this policy, the additional insured risk now includes cover if your lease is defective and does not contain appropriate rights of support and/or shelter.

Number of Risks:
We have expanded cover for our lender only and non-successor policies to include cover for any subsequent lender under the original mortgage deed, on the following risks:

We have also expanded cover for our 15 and 25 year policies to now include cover for the term of the mortgage, on the following risks: