Wills and Probate Insurance

This policy protects you if a beneficiary comes forward after the estate has already been distributed.

It covers:

• Legal defence costs

• Costs or damages awarded against you

• Settlement amounts payable to the beneficiary

• Additional expenses (with insurer approval)

👉 Note: This policy replaces further research. It will not cover attempts to find the beneficiary after the policy starts.

If you distribute an estate under intestacy and a valid will later appears, this policy can protect you.

It includes:

• Legal costs for defending a claim

• Compensation or damages awarded

• Payments due to rightful beneficiaries

• Additional expenses with approval

Sometimes, executors want to distribute an estate before the six-month waiting period ends. This policy covers claims under the Inheritance (Provision for Family and Dependants) Act 1975.

Coverage includes:

• Legal defence costs

• Damages or costs awarded

• Settlement payments

• Other agreed expenses

When someone applies to manage another person’s financial affairs, the Court of Protection may require a bond. This bond guarantees the applicant will act responsibly.

It covers:

• Any amount claimed by the court

• Related legal and administrative costs

If a share certificate goes missing, a registrar may require insurance before issuing a duplicate. This policy protects the registrar against future claims if the original resurfaces.

It provides:

• Indemnity for losses related to the missing certificate

A Bond of Caution is a document required by the Sheriff Court to be in place so that the Executor can distribute the deceased’s estate. The purpose of the bond is to protect the beneficiaries of the deceased’s estate and not to protect the Executor.

When a property becomes empty during probate, standard home insurance usually becomes invalid. This policy provides cover whilst the property is unoccupied until it is sold or transferred out of the estate.

Key features:

• Up to £1 million for building cover and £10,000 for contents included for no additional premium – higher amounts available on request

• No inspection required before or during cover (unless otherwise stated)

• Choose from 3, 6, 9, or 12 months of cover

• Refunds available if the property is sold sooner

• Quick application process—cover can often start within an hour if required.

Executors may wish to distribute an estate without placing Section 27 Notices, or want additional comfort against unknown creditors of the estate after the Notices have expired.

 Coverage includes:

• Legal defence costs
• Damages or costs awarded
• Settlement payments
• Other agreed expenses