Insuring Property in Probate

When acting as an Executor (if there is a Will) or Administrator (if there is no Will), it’s essential to protect yourself from potential liabilities. 

Failing to arrange adequate insurance cover, underinsuring, or neglecting to comply with policy conditions could leave you with significant financial responsibility if a claim arises.

Fortunately, Insuristic, the UK’s first online insurance broker specialising in Executor Insurance solutions, can help. 

They offer policies specifically tailored for the probate process, available exclusively through their platform. 

Unlike many traditional providers, Insuristic ensures its coverage is straightforward, easy to understand, and free of hidden fees, even if you need to cancel a property insurance policy early.

Here’s an overview of the policies available to protect you during the probate process (click on any of the links below to find out more or get a quote):

Insuring Property in Probate

Unoccupied Probate Property Insurance

What is it?

Unoccupied Probate Property Insurance is a specialist policy specifically designed for executors who need to insure an empty property during any stage of the probate process. 

These types of policies are rare and not widely available online, but Insuristic provides an exclusive solution. 

This insurance covers the property from the moment it becomes unoccupied due to a death until it is sold, inherited, or occupied.

This policy is only available from Insuristic. It provides cover from the moment a property is left empty after someone passes away until the executors no longer need to insure it, such as when it becomes occupied, inherited, or sold.

Why you need it?

As an executor or administrator, it's your responsibility to arrange suitable insurance for the property under your care. 

While it may seem easier to extend the deceased's existing home insurance, doing so could expose you to significant risks if there are gaps in coverage or underinsurance. 

This is why a policy specifically designed for probate properties is essential.

This is not a generic off-the-shelf insurance policy. It’s carefully tailored to address the unique risks associated with insuring unoccupied probate properties. 

To learn more about the specific risks when arranging cover, visit Insuristic’s Home Insurance for Executors page.

If the owner has only recently died, you will find our Guide to Insuring an empty house after death useful.

Key Benefits:

• Clear and relevant coverage: The policy is straightforward, designed not to catch you out if there is a claim.
• Customisable cover: Tailor the policy to protect your liability, with three levels of cover to choose from.
• Flexible policy durations: Choose from 3, 6, 9, or 12-month options. You’ll receive a renewal reminder before expiration, and the policy can easily be renewed online if needed.
• No early cancellation fees: Since properties in probate often sell or become occupied sooner than expected, Insuristic allows for early cancellations with no fees, along with a pro-rata refund for unused cover (provided there have been no claims).

You’ll find that Insuristic’s probate insurance pricing and coverage offer exceptional value, providing peace of mind while you manage the estate.

To find out more or get a quote, visit their Probate Property Insurance page.

Occupied Probate House Insurance

What is it?

If the property is occupied during probate by individuals living there with the permission of the executors, such as children, relatives, friends, or dependents, it is insurable. 

However, finding suitable coverage online can be challenging. 

Fortunately, Insuristic has a solution for insuring occupied property during probate.

Important Note: if the occupants are living there without the executor's permission, such as a partner who is not benefiting from the Will, insurers will view this as having a high risk of malicious damage and are unlikely to provide cover.

Why do you need it?

Standard policies are unlikely to be suitable because:

• Home Insurance: A standard home insurance policy is likely to be invalid, as the occupants don’t have an insurable interest in the property and are considered tenants of the estate.
• Landlord's Insurance: Most landlord insurance providers will require a tenancy agreement, which is unlikely to apply in probate cases unless there are existing paying tenants with a formal agreement in place.

Insuristic has developed a specific policy for this situation, available offline, to ensure the property is adequately covered. 

You can choose to insure just the buildings, or opt for contents insurance, covering both items in probate and those owned by the occupants.

To learn more or get a quote, visit their Occupied Probate Property Insurance page.