March 1, 2011 - 7th Heaven Properties, the UK’s leading Caribbean property website, has entered into an agreement with Strathearn Insurance to supply their clients with an Assurance Scheme for Caribbean Property Purchases.

Strathearn Insurance solutions allow property investors, buyers, vendors and developers greater flexibility and security when acquiring or selling their wide range of Caribbean developments.

They include:
  • Deposit Insurance: Indemnifies the Buyer for any cash deposit or stage payments made on a property purchase in case of the property Vendor’s/Developer’s failure to deliver due to insolvency or bankruptcy.

  • Deposit Bond: An alternative to making a cash deposit in off-plan real estate transactions. It reduces the financial burden for the buyer while providing the vendor with the guarantee that any bonded amount is secured by the insurer in case of buyers default.

  • Equity Bond: A payment facility allowing buyers to defer by an agreed time period a percentage of the purchase price when acquiring existing properties and guaranteed by the insurer in case of buyers default.
These solutions, which are supported by selected insurers with superior financial strength and claims paying ability, can be used alone or together in both residential and commercial real estate transactions.

More comprehensive details can be found on the