You may be aware that the Property Misdescription Act has now been repealed and replaced by the CPRs. If you are aware you will know that, a propertyt agent’s liabilities have just increased. The main outcome of this is that when selling or letting a property an agent will now have to disclose more to the customer.
The law is so new it needs to be tested in court before there is clarity on how this may be interpreted.
If you don’t buy professional indemnity, then now is a good time to buy.
If you do buy then are you with a provider that has any awareness of this and is it covered?
We have relaunched our estate agents product to encompass the new laws that have replaced the Property Misdescriptions Act.
So rather than leave these shifting sands to chance, why not just give is a call and protect yourself against any new accusations that may come your way.
Call us on 0207 648 4343
