Owner deceased – Buy home insurance for an unoccupied house
If you’re buying home insurance for a property where the current owner is deceased, our cover is designed for you. We offer buildings and contents policies until it is sold or transferred to a new owner’s name.
Our policies can include;
- Buildings cover up to £1.5million
- Contents cover up to £150,000*
- Whole of policy Building Cover options available*
- Trace & Access cover up to £5000*
- Cover for theft, malicious damage & vandalism up to 45 days*
- Damage by squatters*
- Cover for fire, flood, storm*
- Switch from unoccupied to occupied during the policy term
- Ability to cancel before the end of the policy with no charge
Need a little help quoting?
We have insurance experts ready to help if you want to ask a question. Our average call answering is under 1 minute so give us a call on 0333 358 3359. Alternatively, chat with us online via our livechat option.
Dedicated home insurance with owner deceased
- Cover designed for properties going through probate
- Building & contents cover, regardless of whether property is occupied
- Sensitive and professional assistance at what can be a traumatic time
- No time-consuming telephone referrals
- Flexibility and understanding from our help centre when dealing with executor queries
- Instant cover
House insurance during probate
When someone dies and leaves behind a property, responsibility insurance will fall with the person who is dealing with the estate – the executor. The executor will be responsible for overseeing the process of probate that the estate will go through.
This process involves paying any outstanding debts and then dividing money and assets amongst the various beneficiaries. This can be a lengthy legal process, usually taking between 3 and 6 months to complete. A house is likely to be the biggest asset that a person has owned. This is where owner deceased insurance comes into play.
Standard insurers often decline
Properties are often unoccupied when going through probate. Many standard insurers will be unable to continue the original cover once the property owner has passed away. This means that if you are the executor of an estate it is likely that you will need to contact a specialist insurance provider. You can then ensure the property is fully covered by taking out a suitable policy.
Fully covering a property during probate is very important. This is because if there were to be an issue with the property, if no insurance is in place then the cost of the repairs will fall to the executor. If the damage caused were down to a big issue such as subsidence then the cost of the repairs can soon creep up. Often they run into many thousands of pounds, an amount most would struggle to afford.
Death of policyholder
Home insurance is likely to be the last thing on anybody’s mind after someone dies. However, it is important to consider for the reasons listed above. There are a few exceptions to this general rule. If a property was owned in joint names it wouldn’t need to go through probate. The surviving owner will take over the ownership and insurance policy on the property. If you are in any doubt about the legal status of a property then it is best to contact a qualified solicitor.
Unoccupied property insurance online quote system
You can complete your entire executor home insurance quote online. This is whether it is for a property that is going to be occupied or one that will be unoccupied for the foreseeable future. The quote should be completed using the name of the person that has passed away. You will also need to use their date of birth and previous occupation.
However, the answers to all further questions on the quote, such as information on previous bankruptcies and refused insurance, need to be answered regarding the executor or administrator of the estate.
Useful probate related links:
Inland Revenue guide to the valuation of a property process
A detailed guide on valuing a house for probate can be found at http://www.hmrc.gov.uk/inheritancetax/how-to-value-estate/land.htm
Inheritance tax issues
HMRC (Her Majesty’s Revenue and Customs website) offers information and advice on probate matters and specific issues relating to inheritance tax. Their website is www.hmrc.gov.uk
A guide on what to do after someone has passed away
The citizen advice provides advice and a fact sheet on what to do after some has died at www.citizensadvice.org.uk
How to apply for probate
You can apply for a grant of representation yourself or use a solicitor or another person licensed to provide probate services. There are 4 steps to follow, more information about these steps can be found at: www.gov.uk
Cruse Bereavement Care is the leading national charity for bereaved people in England, Wales and Northern Ireland. We offer support, advice and information to children, young people and adults when someone dies and work to enhance society’s care of bereaved people. Cruse Bereavement Care supports people who are bereaved, their website is at: www.crusebereavementcare.org.uk.Law Society Probate Section
Law Society Probate Section
A grant of probate is an official document which the executors may need to administer the estate.
The law society probate section can be found at www.lawsociety.org.uk
Solicitors for the elderly
SFE (Solicitors for the Elderly) is a national organisation of lawyers. They provide specialist legal advice for older and vulnerable people, their families and carers. Contains details of expert solicitors experienced in probate http://www.sfe.legal