Safe Buyer Insurance
Innocent home buyers are left facing financial ruin as criminals find increasingly clever methods to infiltrate property transactions in order to steal the buyers’s funds.
There are three scenarios in which buyers are targeted:
Buyer Deposit Redirection Fraud – fraudsters impersonate the buyer’s conveyancer to steal the buyer’s deposit funds.
Vendor Conveyancer Fraud - fraudsters impersonate the seller’s conveyancer to steal the buyer’s money, by providing fraudulent bank details to the buyer’s conveyancer.
Property Hijack – where a fraudster impersonates the registered owner of a property in order to steal the buyer’s money in a fraudulent sale.
Safe Buyer Insurance is a tailor made policy that is shaped to protect home buyers from financial loss. Our expertly designed fraud checks help to mitigate the risk of property fraud occuring.The insurance policy covers up to 120% of the property value for additional peace of mind.