Probate is the legal process by which a deceased person’s property, known as their “estate,” is passed to the heirs and beneficiaries.
When a loved one passes away, their property enters probate. As the legal process tends to be quite lengthy, it’s important to make sure the deceased’s estate is well cared for and inspected regularly.
The existing insurance policy for the property may no longer be valid as an unoccupied property insurance may be necessary. A property is defined as unoccupied when is left without an occupant for more than 30 consecutive days or is not furnished enough to be normally lived in. In the event of a probate, it is very likely that the property will be treated as unoccupied property.
Some insurers are very wary of insuring properties that are not occupied all year around. With over 30 years’ of experience and well established relationships with key probate insurers. we are usually able to find the right cover for the right price for probate properties.
There are typically 3 levels of cover available:
- Level 1 FLEEA only – basic cover for fire, lightning, explosion, earthquake and aircraft
- Level 2 Full Perils excluding escape of water, theft or attempted theft and malicious acts.
- Level 3 Full Perils
Do you need Probate Insurance? Our friendly professional specialists are here to help with all your insurance needs regardless of how complex they are.