Insurance taking up too much of your day?

If that is your situation, why not talk to Insuristic?

We have developed a broad range of insurance solutions for the probate market covering property, land and legal indemnities.

Our products for Solicitors would enable you to quote and issue an unoccupied probate property insurance policy in less than 2 minutes, and 40 seconds for legal indemnity covers like Missing Will, Missing Beneficiary, Early Distribution and Section 27 Insurance.

We also have online products designed for lay executors that you could offer where you aren't providing a full estate administration service.

For tricky property risks you and your clients will have the support of our advised broking team at SJL Insurance to help find appropriate insurance solutions on the open market.

If there is a property claim, you and your clients will benefit from our inhouse claims management team provided by SJL Insurance.

Why not transform how you provide insurance and talk to Insuristic.

What's on this page

On this page you will find high level information on each of our products, with a link to a product page for further information.

You can click on any of the items in 'Contents' to jump to the section that interests you.

If you'd like to find out how we could help your firm, why not arrange a short demo by clicking the button above.

Probate Pro Unoccupied Property Insurance

Probate Pro has been designed to help probate professionals quickly issue insurance for unoccupied property in Probate.

There is no need for upfront payment when arranging cover.  You will receive a statement on the first working day each month for payment.

Probate Pro is underwritten by certain underwriters at Lloyd’s and administered by SJL Insurance Services.  

You have two product options to choose from:

• Probate Pro Monthly: Useful when there are a lack of funds to pay for the insurance.  Pay monthly cancel anytime, with no cancellation fees.  Premiums start at just £33.60 a month (including IPT)
• Probate Pro Annual: if a policies cancels early, there are no cancellation fees and the estate would receive a pro-rata refund for any unused cover.

Both products include:

• Buildings Insurance (either on a declared rebuild basis or if you don't know this on a blanket £750,000 sum insured). 
• £2m property owners liability insurance
• £10,000 of contents cover included in the price.
• The option to extend the total contents cover up to £30,000
• £10,000 Escape of Water cover if the water system isn't drained.  Full cover up to the building sums insured if the system is drained

The questions are designed to protect you:

• Reduce likelihood of under insurance: If you don't know the property rebuild value you can choose a bedroom rated product with a total building sums insured of £750,000.  We can consider higher value property offline.
• 30 day inspections:  Inspections are only required every 30 days and we do not insist on written inspection reports. The person inspecting the property does not need to be a professional, just someone with a key to the property.  They will need to take two pictures of the property (one inside and one of the front of the property) using a mobile device. In the event of a claim you will need to evidence that regular inspections have taken place
• No questions on Security: We don't expect you to know the level of security on the property.  We just need to confirm that the property is in a good state of repair, is structurally sound, wind and watertight with no obvious faults and not derelict.  
• Cover for non structural renovations: for projects up to £50,000 for no additional charge.

Insuristic Estate Protect

Insuristic Estate Protect is exclusive to Insuristic and provides the following benefits:

• It will make it easy to offer Missing Will, Missing Beneficiary, Early Distribution and Section 27 insurance to every Probate client (estates up to £3 million) via our secure portal;
• Provide a quote and/or policy to your clients in less than a minute (2 questions, tick the cover you want to include, read/agree with the statement of fact);
• Protect your PI - if the client doesn’t have the cover and there is a claim i.e. you can evidence cover was offered but not taken up;
• Pricing will be 30% less than our open market product for individual purchases and up to 50% less when all 4 policies are purchased.
• Genealogy reports not required for clients with an estate under £350,000 where missing beneficiary insurance is offered (we just need a verified family tree going back at least three generations)
• A Section 27 notice or placement of a local notice is not required when you buy our Section 27 Insurance.

For clients with known issues, we will ask our underwriter to manually review and underwrite

Unoccupied Probate Property Insurance for lay executors

Executors or personal representatives can purchase insurance online and arrange cover for 3, 6, 9 or 12 months. With three levels of cover to choose from. There are no fees for receiving, cancelling or changing a policy.

Unoccupied Home Insurance

If your client has property that is empty outside of probate, such as when the owner is in care we can help them. Clients can purchase cover online from 3, 6, 9 or 12 months in a couple of minutes. There are three levels of cover to choose from and there are no fees for receiving, cancelling or changing a policy.

Landowners Liability Insurance

If the deceased owned land, such as a private road, development sites, grazing land , moorland etc., there is a liability exposure for the executors. If someone accidentally injures themselves or damages their property on the land they could claim for damages against the estate. The claimant could be on the land with permission or trespassing. The land can also be insured in the name of the estate.

You will soon be able to purchase landowners liability insurance online in a couple of minutes.

Early Distribution Insurance

Most beneficiaries would like to receive their inheritance as soon as possible. With Early Distribution Insurance you can distribute the estate during the 6 month waiting period. The policy protects executors, personal representatives and beneficiaries if a claim is made by an unknown dependent. Peace of mind for all involved.

Section 27 Insurance

A section 27 notice only provides protection to the executors if an unknown creditor makes a claim against the estate. In the absence of insurance, this debt could be left to the beneficiaries to settle. Section 27 Insurance will respond if a claim from an unknown creditor is received after the estate is distributed. The insurance policy will cover any legal costs and award. This will give peace of mind to the beneficiaries, knowing if there is a claim, they have nothing further to pay.

Missing Will Insurance

If a newer will is found after the estate is distributed, it can lead to a costly legal process and redistribution of the estate. This may financially impact the beneficiaries who were the original recipients. Missing Will Insurance enables the estate to be distributed and protects any future liabilities of the executors, personal representatives and beneficiaries. Beneficiaries can relax safe in the knowledge that if another will is discovered, they won't need to repay any of their inheritance.

Missing Beneficiary Insurance

Allows the estate to be distributed without any future liability if a missing or unknown beneficiary comes forward to claim against the estate. It protects the liabilities of the executors, personal representatives and beneficiaries. The beneficiaries can relax safe in the knowledge that they won't need to repay any of their inheritance if another beneficiary comes forward.

We have partnered with FSL finance to help fund the expenses associated with probate.

Insuristic Estate Finance is exclusively available for our partners. It is a drawdown facility with a pre-agreed limit of £15,000 that can be used to fund estate expenses, including legal costs, insurance, property maintenance and more.

It is essentially a loan against the estate, with nothing to repay until the estate is distributed.

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.