As one of the many services that we provide for our clients, we have introduced an insurance scheme for our clients who are buying or selling their home. Whilst we hope and expect that your purchase or sale will go through smoothly, things can go wrong. If a purchase or sale falls through, you are normally left having to pay the legal costs in respect of the lost transaction and have no means of recovering them, leaving you out of pocket for what can amount to quite a lot of money. Many people find this unfair and so when you instruct us to act for you on the sale or purchase of your home we give you free an insurance certificate that covers you for up to £50 in respect of our legal costs if your sale or purchase falls through before contracts are exchanged and within, four months, for any of the qualifying reasons. However, by paying a premium of £35 you can increase the amount of cover to the sum of £350 which should be enough to cover all of the legal costs that you may have incurred. If you are buying a home the insurance cover applies if your seller withdraws from the sale of the property to you for any reason other than unreasonable delay or unreasonable conduct on your part. For example, you would be covered for the legal costs if your seller gazumps you, or has a change of mind about selling the property, or loses his own purchase and decides to stay put. You would not be covered if your seller withdraws because you have taken an unreasonably long time and are still not ready to exchange contracts. If you are selling a home the insurance cover applies if your buyer withdraws for any reason except if he withdraws wholly or in part because of: (a) a defect in your property, or (b) an adverse survey or valuation of your property, or (c) unreasonable delay or unreasonable conduct on your part. In those cases the insurance will not apply. It will apply if, for example, your buyer has a change of mind, or decides to buy a different property, or loses his own sale. Also if you are; • selling your present home • and buying another • and you have instructed us to act for you on both your sale and your purchase • and have paid £35 premium on both properties • and if you lose your purchase because your own buyer withdraws • and if the reason that your buyer withdrew is not one of those which are not covered by the insurance – then the insurance will cover the lost legal costs on both your sale and your purchase up to the limit of £350 in each case. You only have the opportunity to take the extra cover up to the £350 limit if you have paid the premium of £35 to us within 7 days of instructing us to act for you. After that, the option of the extra cover is not available and you will only have the £50 cover which we give you free of charge. If you would like the extra cover, please complete the coupon and send it to us with your cheque for £35 payable to Legal and Insurance Services Limited. If you are instructing us to act for you on a sale and a purchase, and would like the extra cover on both properties, the total premium is £70.