Insurance providers Insuristic have launched a digital platform offering unoccupied property insurance for probate providers.
The firm says unoccupied property insurance to your probate advisory service can add a lot of value to probate providers and their clients.
They note that it is the duty of the person appointed as an executor of the estate to arrange suitable insurance to protect the assets of the estate. Often, the existing insurance arranged by the deceased won’t be appropriate as:
- The insurance policy will need to be arranged in the name of the estate.
- The property is likely to be left unoccupied for long periods, therefore invalidating the cover provided by most standard home insurance providers.
- Most standard home insurance providers will restrict or remove cover altogether once a property has been unoccupied for a consecutive period of between 30 and 45 days (this period will vary depending on the insurer).
To read more information on what you need to know about unoccupied property insurance, see this guide.
This article was submitted to be published by Insuristic. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.