Insuristic has written a guide to help executors and personal representatives understand what is involved when insuring an empty house after the death of the owner.
Most new executors and personal representatives are unaware of the cover available, how this differs from standard home insurance and their liability to the beneficiaries if they fail to insure the property correctly.
The guide covers:
- The key property insurance considerations for executors and personal representatives
- What to do if the property is still occupied by dependents or if future beneficiaries have moved into the property
- How this cover differs from standard home insurance and common conditions such as:
- the need for property inspections
- contents insurance single article limits
- draining water systems
- What to do if the property is going to be renovated
- Risk management tips for protecting the property
This guide would be useful for your clients if they need to arrange insurance for property during probate.
You can find the guide here.
This article was submitted to be published by Insuristic as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.