Unoccupied probate property insurance for FCA exempt legal firms or professional executors with responsibility for insuring property.
Arranging insurance for unoccupied properties can be time consuming and costly. There are many insurance providers to choose from, often with policy conditions that can be difficult for executors to adhere to, leading to problems when there is a claim.
This is why we have created Probate Pro, a clear, affordable and easy way for law firms to administer insurance online for unoccupied properties in probate.
To find out more, keep reading or watch our short video overview.
Our policies are priced on a monthly basis and are interest free. There are no upfront payments, each policy is added to your account.
There are no fees for cancelling or changing a policy.
Our policy wording has been designed specifically for insuring unoccupied probate property. Which means you won't find any ambiguous policy conditions. Nor is there a condition that states you must be contractually obligated to manage or insure the property.
We do not arrange block policies. Each policy is arranged in the name of the estate, removing any uncertainty around insurable interest, with claims payments made directly to the estate.
Most of your clients can be insured on Probate Pro. But if for some reason they don't fit the scheme or advice is required, our FCA Principal, SJL Insurance can provide an offline advised service.
If there is a claim, the executors can receive support directly from SJL's in-house claims team to help them prepare and submit a claim.
Our online portal will help your team quickly arrange insurance, download policy documents and access pre-built reports, giving you all the tools you need to deliver a first class insurance proposition for your clients.
If you need to cancel the policy early, there are no fees for doing this. All you need to do is email us a copy of the schedule, along with the reason for cancellation and the cancellation date. If the client is due a refund this will be accounted for on your next monthly statement.
Each member of your team will have access to our secure online portal, making administering insurance for all your clients efficient.
Getting a quotation is quick and easy. Most quotations can be provided in less than a minute:
We only ask minimal questions about the property and there are no ambiguous questions to catch you out.
Properties can be considered with a rebuild value up to £1m on the Scheme. Higher value properties can be considered offline by SJL Insurance.
There are no minimum-security conditions. So there is no need to worry about the types of locks on the property. We simply need confirmation that the property is secure.
Properties covered by Probate Pro only need to be inspected every 30 days. This can be done by anyone with a mobile phone. Inspections are evidenced by taking a single picture of both the outside and the inside of the property.
If draining the water systems is a problem, the Probate Pro product can still provide cover for Escape of Water up to £10,000.
Renovations are covered without charge, providing the project costs less than £50,000 and doesn't involve structural alterations to any walls or the roof.
You will receive a quotation via email instantly. The email will be in a format that can be shared with your clients if approval is required.
If you need to issue cover, you can do this without making any payment. The policy documents will be emailed instantly to you.
When you need to make a claim on an unoccupied probate property insurance policy, how does it normally go?
It is important to take care when submitting a claim to ensure you get the maximum settlement for the estate.
If you are a Probate Pro partner you can relax as you will have access to our in-house claims team at SJL Insurance.
They will:
We are confident that our claims service will deliver the best result for your clients whilst freeing up your time to focus on your legal services.
If you don't know the rebuild sums insured and the property has 4 bedrooms or less we can provide a blanket building sums insured up to £750,000. Providing this is enough to rebuild the property you would't then need to worry about underinsurance.
If you are unsure whether it is or not, we would recommend completing a rebuild cost assessment to be on the safe side.
We have partnered with BCH, who are specialists in building insurance valuations and have offered a discounted price for Insuristic customers.
You can arrange a building rebuild valuation for £100+ VAT at one the BCH website 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.
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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.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.
Please Note: Our broking team at SJL Insurance will need to talk to you to discuss your requirements. This is an advised service.