When a property becomes subject to probate it is often unknown if the property is insured and this can be a major concern to family members and executors. Very often the insurance on a property becomes void after 30 days of the policy holders death putting the beneficiaries or property owners at high risk of financial loss if the property is vandalised robbed or broken into while empty and uninsured, and along with the added risk of fire or flooding a very worrying time.
Squatting, Burglary And Accidental Damage
An empty property can soon become a target for burglars and squatters who always know the “telltale” signs of an unoccupied property and such undesirables will take advantage of any opportunity to burgle or even start squatting inside your family home. The financial loss suffered from such an incident could be excessive and unimaginable so soon after the death of a loved one, so it is imperative to ensure the property carries valid and adequate insurance cover.
Make Sure Your Property Is Adequately Insured
If you need prompt and flexible insurance coverage for a property subject to probate
Avery Associates can offer, through our insurance partners, excellent cover. Our option offers a facility to pay the premium in 12 monthly installments, interest free and if the property is sold the client would simply cancel the direct debit agreement and the policy would be calculated on a pro rata basis with no additional cancellation charges. If you require a quote, please contact us now on 0800 567 7769