General insurance network CETA has launched a new legal expenses product to cover home buyers against the costs of pursuing negligent professional advisers.
The Home Buyers Protection Policy provides legal expenses cover for situations such as a solicitor failing to undertake a search properly or a builder refusing to stand by a guarantee.
Policyholders will also be insured against unexpected actions taken by the vendor of the property.
The product, underwritten by National Insurance & Guarantee (NIG), is believed to be a first for the UK.
