It should be considered where a development may infringe a neighbouring owner's right to light and that exposure could affect the scheme's viability, timing or value. It transfers the financial consequences of a rights of light claim rather than resolving the underlying right itself.
Specialist underwriting for development risk.
Rights of light risk can materially affect the viability, timing and economics of a development. Claims by neighbouring owners may lead to compensation, delay, redesign, reduced massing, loss in value or, in exceptional cases, injunctive relief.
From conventional placements to complex, multi-phase schemes, MX Underwriting provides specialist underwriting backed by commercial judgement and bespoke policy wordings. Whether you're placing a straightforward Rights of Light risk or a scheme where neighbour engagement is central to delivery, our underwriters will work with you to find the right solution.
Our appetite
We consider rights of light exposure across developments, from single schemes to complex, multi-phase projects. Cover can be structured to respond to the financial consequences of a rights of light claim, including:
- Damages
- Settlements and compensation payments
- Legal and professional costs
- Delay-related losses
- Loss in value
- Redesign costs
- Cutback and alteration costs
- Other financial consequences of a rights of light claim
Why MX Underwriting Europe?
Specialist expertise for sector-specific risks.
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Specialist underwriting expertise
With in-house decision-makers, we can develop tailored solutions to meet the specific needs of each risk.
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Clear limits of indemnity upfront
Published limits of indemnity provide clarity before submission.
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Risk-specific pricing
Pricing is assessed on its own merits, drawing on our underwriting expertise and sector experience.
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A collaborative claims approach
Where insurer claims conditions allow; clients can contribute to settlement discussions and remain informed throughout the claim’s strategy process.
Agreed Conduct
In most rights of light policies, engagement with a potential claimant in relation to an insured risk may prejudice cover. Where appropriate, our Agreed Conduct policy structure can allow carefully managed engagement with neighbouring owners after inception, with the objective of achieving a negotiated settlement whilst maintaining insurance protection, subject to an agreed excess and the policy terms.
This can help align insurance with the insured's wider risk mitigation strategy and commercial objectives, particularly where proactive scheme delivery and neighbour engagement are part of the plan.
Related covers
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Commercial Legal Indemnity insurance
Protect your clients’ developments from permit challenges with specialist solutions that keep projects on track. -
Portfolio Title insurance
Protect your clients’ property investments with solutions designed for funders and developers.
FAQS
Cover can be structured to respond to the financial consequences of a claim, including damages, settlements and compensation, legal and professional costs, delay-related losses, loss in value, and redesign or cutback costs, subject to underwriting.
In most Rights of Light policies, engaging with a potential claimant may prejudice cover. Where appropriate, our Agreed Conduct structure can allow carefully managed engagement with neighbouring owners after inception, subject to an agreed excess and the policy terms.
Yes. We can support both conventional placements and more complex schemes where the insured's approach to neighbouring owners, timing or development strategy is relevant to the underwriting position.
Contact us
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Jean-Claude Domaingue
+35 6 27 76 10 51
JDomaingue@mxunderwriting.eu
Having kicked off his insurance career in 1996, Jean-Claude is an insurance industry specialist with in-depth expertise in underwriting and coverage of litigation risks restraining delivery of renewable energy infrastructure and sustainable urban regeneration.
+35 6 27 76 10 51
JDomaingue@mxunderwriting.eu
Jean-Claude Domaingue
Underwriting Director, MX Underwriting Europe
Having kicked off his insurance career in 1996, Jean-Claude is an insurance industry specialist with in-depth expertise in underwriting and coverage of litigation risks restraining delivery of renewable energy infrastructure and sustainable urban regeneration.
*Rating information correct as of June 2023. Source: ERGO, S&P Global Ratings.
Underwriting criteria, terms and conditions apply. As an MGA, we provide services and enter into insurance contracts on behalf of regulated Insurers. We are not the Insurer. The identity of the Insurer(s) on behalf of which we act and who will receive the premium and settle claims arising on your policy is detailed on all quotation and confirmation of cover documentation, including the insurance policy. All products are subject to any applicable government levy compensation fund charge or contribution to the Motor Insurers Insolvency Compensation Fund as set out in the policy schedule.
