Secure Conveyancing Insurance Policy (SCIP)

No matter how thoroughly you conduct the usual title investigations, there is always the risk that once the transaction is complete, an unforeseen title issue may come to light which threatens your client's investment. To allow homeowners complete peace of mind, SCIP provides comprehensive protection against a wide range of these potential risks such as:

• fraud and forgery - e.g. identity fraud - where the vendor turns out not to be the legal owner of the property
• misrepresentation by the seller (whether deliberate or not) - e.g. the buyer inherits an ongoing disagreement with their new neighbours which the vendor had not declared or a mortgagee in possession was unaware of
• missing title information - e.g. the Land Registry title doesn’t disclose everything it should
• boundary disputes - e.g. there is an existing structure at the property infringing part of a neighbouring property

By protecting against unforeseen risks SCIP offers added comfort to everyone in the conveyancing process: you, your client and the lender.

Benefits to you

• Complements rather than changes existing conveyancing practice
• Enhances the advice and service you provide by offering your client affordable peace of mind cover
• The handling of problems that arise after you’ve signed off an unqualified certificate of title is transferred from your firm's Professional Indemnity insurance to SCIP
• Simple and easy to arrange

Benefits to clients and lenders

• A 'no fault' policy
  If a potential title problem does surface after the property has been purchased, and a claim is made under SCIP, neither your client nor the lender has to prove that another party is to blame for the situation, unlike the current position. They simply have to demonstrate that they have suffered a financial loss covered under the policy and the claim will be settled.
• Extra protection
  Unforeseen risks such as fraud and boundary disputes are not covered under your firm's Professional Indemnity insurance, and SCIP bridges that gap - offering protection previously unavailable to homeowners and lenders.
• Long-term cover
  The homeowner is covered for as long as they own the property, while lenders are automatically covered at no extra cost for the full term of the mortgage.
• Claims handled swiftly
  As your clients or lenders don't have to prove negligence before making a claim, all claims made under SCIP will be processed quickly and efficiently.

SCIP premiums are some of the lowest in the market. Prices start at £100 (+ IPT) for a limit of indemnity of up to £250,000. If a legal indemnity policy is purchased from us at the same time, SCIP premiums begin at just £75 (+ IPT).

If you order SCIP via Elite, our online quotation service (at cli-elite.co.uk), premiums start at £75 (+ IPT), regardless of whether or not a legal indemnity policy is required.

Arranging SCIP for your client couldn’t be simpler. You can:

• call us on 01603 617617 and a member of our FastTrack team will provide you with an immediate quotation and email you written confirmation within 15 minutes
• email, fax or post us your enquiry using our contact details
• visit our online service Elite at cli-elite.co.uk for an instant quote (including a 20% online discount)

We have produced a leaflet for you to pass to your clients, which explains the concept of title insurance and the protection that SCIP offers. There is room on the back page of the leaflet for you to insert your firm's contact details.

Click here to request additional copies of the SCIP
customer information leaflet, or you can order them via:

• email: enquiries@cli.co.uk
• telephone: 01603 617617

Please include your name, your firm's name and address, and details of the number of leaflets you require.

Title insurance leaflet for homebuyers
Download a PDF copy of our SCIP customer information leaflet.

In addition to the information contained in this section, listed below are some of the most frequently asked questions that we encounter about SCIP, together with the answers.