The Law society warns against property title theft insurance

Fri, 04 Mar 2011

The UK’s Law Society is warning property owners against some of the fraud protection policies on their homes that are currently being forcefully marketed by some insurance companies .

Publication of title theft protection insurance adverts which claim to protect home owners from property fraud actually offer little protection and are a waste of money says the Society.

The adverts have prompted the Land Registry to post a message on its website distancing itself from claims made in third party title theft protection adverts.

Law Society President Linda Lee said: "These particular insurance products create no barrier between home owners and fraudsters. There are much more effective measures home owners can take to guard against fraud. These kinds of adverts are claiming that this kind of insurance is necessary, especially if a home does not have a mortgage . With many non mortgaged properties likely to be owned by elderly home owners, this type of sales tactic is particularly concerning."
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