Rob Faulkner, CEO of Insuristic stated “Professional Executors provide an extremely valuable service for their clients. But one of the challenges they have is the time it takes to arrange insurance to protect themselves and the beneficiaries of an estate. Several providers usually need to be approached and most do not provide an online solution, so the process is not quick. If professional executors work with Insuristic, many of the policies they need can be arranged online in a few minutes.”
Insuristic has developed a range of online insurance solutions designed for the professional executor that are:
Probate Pro – Insurance for unoccupied Property in Probate:
Probate Pro has been designed to help professional executors quickly issue insurance for any unoccupied probate property in an estate. Each executor will have access to Insuristic’s online portal, where they can get quotes and issue policies in a couple of minutes.
The costs are paid monthly interest free on account and there are no cancellation fees.
Premiums start at just £33.60 a month (including IPT) for £750,000 buildings cover with £10k of contents cover automatically included.
If an executor needs to make a property claim, SJL Insurances’ in-house claims team will support them throughout the process, from preparing and submitting the claim to managing it to completion.
Estate Administration Insurance:
Insuristic helps executors arrange insurance online for a range of legal indemnity insurance products including:
An executor can usually request a quotation within a couple of minutes. The information is then shared with our underwriting partner who usually provide a quotation within 24 hours (or quicker for urgent cases).
Each policy protects the executors, personal representatives, and beneficiaries against the claims they cover for 10 years.
If multiple policies are required, a combined quotation can be requested. The underwriter will usually provide a discount of up to 30% where more than one policy is purchased.
How to sign-up
Professional Executors do not need to be FCA authorised as they arranging insurance as the insured.
All Insuristic will need is:
To find out more or sign-up, visit https://insuristic.co.uk/estate-administration-insurance/ to request a video meeting.
You can find out about all of our Probate Insurance products here.
Hi, I'm Rob, CEO and Founder of Insuristic. My mission is to make insurance easier to understand and buy online.
I hold an Advanced Diploma in Insurance (ACII) which demonstrates I have a solid technical understanding of Insurance and have committed to continuous professional development. I am also a member of the Chartered Insurance Institute and hold the a Chartered Insurance Broker status.
Over the last 27 years, I have worked for insurers, insurance brokers and insurance technology businesses, specialising in product, sales and marketing.
You can find out more about me on my author page.
Follow me on Social
Insuristic Limited (No: 13926650), is an Appointed Representative of SJL (Worcester) Ltd, who are authorised and regulated by the Financial Conduct Authority with the reference number 763599. This can be checked by visiting https://register.fca.org.uk/s/. Insuristic is a registered trademark. ©Copyright 2023 Insuristic Limited. All Rights Reserved.