Quotation Request

Estate Administration Insurance

About
Estate Details
Early Distribution
Section 27 Indemnity Insurance
Missing Beneficiary
Missing Will
Hidden Premium
Introducers

About

Estate Administration Insurance

Please confirm that you will answer all these questions accurately, to the best of your knowledge and most importantly, honestly.
Failure to do so could mean your insurer doesn't pay a claim, amends the terms of your policy, or in the case of deliberate non-disclosure treats this policy as though it never existed.

About You

What is your name?
What is your Date of Birth?
What is your correspondence address?
To search for an address, please enter the postcode.
Please provide your email address


What is the best phone number to contact you on?
I agree to Insuristic sending occasional tailored emails on relevant products, news, tips and exclusive offers.

What insurance products would you like to include in your quotation?

These products should be considered whilst preparing for the Grant of Representation:
These products should be considered before the estate is distributed:

Estate Details

Deceased Person Details

First Name
Middle Name(s)
Last Name
Date of birth
Date of Death
Last known address

Details of people administering the estate

The Insured

There can be up to 4 people administering the estate.  Each need to be listed on the policy as the insured.  The beneficiaries do not need to be listed, although they will be protected by any cover purchased.

The types of people you can add are:

  • The name of the professional executor, which is usually a person regulated for administering probate;
  • A Lay Executor, which is a non-professional listed in the will as an executor; or
  • Personal representatives or Administrators where there is no will.

Please add each persons name and role below.

What is the first name of the first Personal Representative or Executor?
A personal representative is often also called an Administrator
What is their last name?
Relationship
Do you need to add another person?
What is their first name?
What is their last name?
Relationship
Do you need to add another person?
What is their first name?
What is their last name?
Relationship
Do you need to add another person?
What is their first name?
What is their last name?
Relationship

Early Distribution

Limit of Indemnity
This should be the total value of the estate.
£
Are you distributing the entire Estate?
Amount proposed for early distribution
£
Details of the dependant(s)
Confirmation of their relationship to the deceased
Details of the regular payment including the amounts and how often they were paid
Any other comments?

Statements of Fact

Please read the following statements:

A. The proposed Insured is the Executor and/or the Personal Representative for the Deceased’s Estate; and
B. The proposed insured understands that the policy covers UK assets only; and
C. The proposed Insured is unaware of any party having a claim against the Estate; and
C. The proposed Insured is aware of a known dependant who it is believed to be receiving a “reasonable financial provision” from the Estate and any claims from this party under the Inheritance (Provision for Family and Dependants) Act 1975 are not protected by this policy. The proposed Insured is unaware of any other party having a claim against the Estate; and”
C. Bespoke policy required
Please provide details in the box below, including:
  • details of the dependent;
  • their relationship to the deceased;
  • advise what communication has taken place;
  • why they are not making a claim; and 
  • what formal action has been taken to ensure that they will not make a claim. 
D. The proposed Insured can confirm to the best of their knowledge that the Deceased did not give any regular monetary payments to third parties in the last 3 years and nor are they aware of any party who was financially dependent on the Deceased in that period; and
D. The proposed Insured is aware of a known dependant who was financially dependent and/or received monetary payments from the Deceased and who it is believed to be receiving a “reasonable financial provision” from the Estate, any claims by this party under the Inheritance (Provision for Family and Dependants) Act 1975 are excluded by this policy. The proposed insured is unaware of any other third party who was financially dependant and/or receiving monetary payments from the Deceased in the last 3 years; and
D. Bespoke policy required - Please provide:
  • details of the dependent;
  • their relationship to the deceased;
  • advise what payments have taken place;
  • why they are not being provided for under the estate; and 
  • what formal action has been taken to ensure that they will not make a claim. 
E. Grant of Representation has been granted, the statutory time limitations have passed and the proposed Insured wishes to distribute some or all of the Estate;
E. Grant of Representation has been granted and the proposed Insured wishes to distribute some or all of the Estate without waiting for the required statutory time period to expire; and
E. Grant of Representation is not a requirement of administering the Estate and the proposed Insured can confirm that all necessary enquiries have been made and wishes to distribute some or all of the Estate without waiting for the required statutory time period to expire; and
E. Decline - Unfortunately, we cannot provide insurance where Grant of Representation is required for the Estate but has not been granted at the point of inception
F. If the deceased had a surviving spouse and/or child(ren), the proposed Insured confirms that they will benefit from the Estate; and
G. The proposed Insured can confirm that they have successfully contacted all beneficiaries who are entitled to inherit from the Estate either (i) where they are referenced in a will or, (ii) where they are likely to benefit under the intestacy rules or, (iii) where they have been identified in the proposed Insured enquiries; and
H. On the date the policy is ordered, the proposed Insured is not aware of any matter, legal proceeding or beaches of regulation relating to the estate, which is likely to give rise to a claim, other than any matter already disclosed to the Administrator.
Please confirm which of the above statements you cannot agree with.
Please include the letter corresponding with the point you cannot agree with and explain your reason.

Please provide any other information that you have been asked to provide.

Section 27 Indemnity Insurance

Limit of Indemnity
This should be the total value of the estate.
£
Amount proposed for distribution
£

Statements of Fact

Please read the following statements:

A. The Insured is the Executor and/or the Personal Representative for the Deceased Estate; and
B. The Estate is to be distributed in full and the proposed Insured understands that the policy covers UK assets only; and
B. A proportion of the Estate is being distributed with a percentage being retained and the proposed Insured understands that the policy covers UK assets only; and
C. A credit and liabilities search (from a credit reference agency whom is registered on the Financial Services Register) has been completed and returned on the deceased and the proposed Insured understands that any known creditor/party is excluded from cover; and
C. The proposed Insured is unaware of any potential creditor (or other party) having a claim against the Estate
C. The proposed Insured is aware of a potential creditor (or other party) having a claim against the estate and understands that the policy excludes this known creditor/party and cover is for the unknown only
D. No missing creditors have been identified from the proposed Insured’s enquiries; and
E. No Statutory Notice (as defined under the terms of the Policy) has been placed and the proposed Insured wishes to distribute the Estate without placing one; and
E. A Statutory Notice (as defined under the terms of the Policy) has been placed over 30 days ago and the proposed Insured wishes to distribute the Estate without waiting for its expiry
E. A Statutory Notice (as defined under the terms of the Policy) notice has been placed within the last 30 days and the proposed Insured wishes to distribute the Estate without waiting for its expiry
E. A Statutory Notice (as defined under the terms of the Policy) has been completed and the Proposed Insured requires protection for any liability on the beneficiaries of the estate from an unknown creditor
F. On the date the policy is ordered, the proposed Insured is not aware of any matter, legal proceeding or beaches of regulation relating to the estate, which is likely to give rise to a claim, other than any matter already disclosed to the Administrator.
Please confirm which of the above statements you cannot agree with.
Please include the letter corresponding with the point you cannot agree with and explain your reason.

Please provide any other information that you have been asked to provide.

Missing Beneficiary

Limit of Indemnity
This should be the total value of the estate.
£
Would you like an Escalator Clause applied to the limit of indemnity?

An Escalator Clause can help you avoid under insurance as it increases the limit of indemnity by 5% each year over a 10 year period.

Imagine if a claim was made against the estate 5 years after distributing an Estate with a value of £300,000.  If the value of the Estate at the end of the 5 year was now worth £382,884 (based on a 5% growth each year), the insured would be liable for the shortfall of £82,884. This is because the Limit of Indemnity was set at £300,000.

If the Escalate Clause had been included for a small increase in premium at the outset, there would have been no additional liability as the Limit of Indemnity would have increased each year to cover the Estates increase in value.


Would you like to add the Escalator Clause to your policy?
Are there any known Missing Beneficiaries?
What portion of the Estate is due to the known missing beneficiary?
Also, please add anything else that may help the underwriter assess the risk such as who the beneficiary is and what steps have been taken to attempt to locate them.
Please provide any other information below which may affect or assist with the insurer's assessment of the risk
If no further information is available, please answer 'N/A'
Please Upload a Family Tree (If Available)
The underwriters may not be able to provide a quotation without a copy of the family tree. If you are unable to provide a copy now, please email a copy to [email protected]
Please upload a copy of the Genealogist Report
The underwriters may not be able to provide a quotation without a copy of the genealogist report. If you are unable to provide a copy now, please email a copy to [email protected]

Statements Of Fact

Please read the following statements:

A. The Insured is the Executor and/or the Personal Representative for the Deceased Estate; and
B. The proposed Insured can confirm that they have a completed comprehensive genealogy report and a family tree has been produced and/or verified by a specialist provider to confirm it has researched at least three stems/generations within the last 12 months, and this did not identify any potential missing beneficiaries and the outcome of the genealogy report confirms there are no further investigations or enquiries required; and
C. The proposed Insured is not aware of any missing beneficiaries and insurance is required in the event that an unknown missing beneficiary comes forward claiming a financial interest in the distributed estate
C. The proposed Insured is not aware of a beneficiary who is or may be entitled to a share of the deceased’s estate but cannot be traced despite investigation prior to the Inception Date
D. The proposed Insured is not aware of any dispute or party claiming to have an interest in the estate who is not benefitting from the deceased’s estate upon its distribution; and
E. A Statutory Notice (as defined under the terms of the Policy) has been placed in accordance with Section 27 of the Trustee Act 1925 and a period of 6 months has passed since the placement of the notice without any unknown beneficiaries coming forward; and

If you have purchased Section 27 Insurance and haven't placed a Section 27 notice, please:

  1. Select "Help, I cannot agree" from the drop-down menu below.
  2. In the text box that appears, please let us know that you have done this, and include the name of the insurer and the date the cover was purchased.
F. If the deceased had a surviving spouse and/or child(ren), the proposed Insured confirms that they will benefit from the estate; and
G. The proposed Insured is not aware of any beneficiary who has not been professionally verified by a specialist provider/genealogist report; and
H. The proposed Insured can confirm the genealogy research was requested as a variable fee plus disbursement instruction; and
H. The proposed Insured can confirm the genealogy research was requested as a fixed contingency fee instruction; and
I. On the date the policy is ordered, the proposed Insured is not aware of any matter, legal proceeding or beaches of regulation relating to the estate, which is likely to give rise to a claim, other than any matter already disclosed to the Administrator.
Please confirm which of the above statements you cannot agree with.
Please include the letter corresponding with the point you cannot agree with and explain your reason.

Please provide any other information that you have been asked to provide.

Missing Will

Limit of Indemnity
This should be the total value of the estate.
£
Would you like an Escalator Clause applied to the limit of indemnity?

An Escalator Clause can help you avoid under insurance as it increases the limit of indemnity by 5% each year over a 10 year period.

Imagine if a claim was made against the estate 5 years after distributing an Estate with a value of £300,000.  If the value of the Estate at the end of the 5 year was now worth £382,884 (based on a 5% growth each year), the insured would be liable for the shortfall of £82,884. This is because the Limit of Indemnity was set at £300,000.

If the Escalate Clause had been included for a small increase in premium at the outset, there would have been no additional liability as the Limit of Indemnity would have increased each year to cover the Estates increase in value.


Would you like to add the Escalator Clause to your policy?
Have steps been performed to locate a will?
This must include a will search.
Why does the Insured believe there is a missing will?
What is the likely date that the will was drafted?
Please provide details of the steps that have taken place to identify the missing will

For example, you could confirm:

  • You have instructed a third party to conduct a will search'
  • Someone (either you or your professional advisors) have contacted the deceased's solicitors and bank'
  • You have asked the deceased's family and friends if they know of a will
  • You have searched the deceased's property and belongings 
Have all likely beneficiaries been asked whether they are aware of the location of the will?
Please provide any further information relevant to the will and the likely beneficiaries.

Statements of Fact

Please read the following statements:

A. The Insured is the Executor and/or the Personal Representative for the Deceased Estate; and
B. The proposed Insured can confirm that they have carried out all appropriate and necessary checks to locate a will including commissioning an online will search for locating registered wills, a search at local will writers/solicitors/safety deposit boxes near to the deceased’s previous known residences and a search of the deceased’s last known residence(s) including any care homes; and
B. Unfortunately, we cannot proceed to offer insurance at this time as the required searches to locate a will have not been conducted
C. The Proposed Insured can confirm that whilst a will has been located on the deceased (and an assessment has been performed to confirm the validity of the will), insurance is being put in place to cover the event that an unknown will is located
C. The Proposed Insured can confirm that they are not aware of any will for the deceased; and
C. Please confirm you have provided all the information requested related to the missing will
D. The proposed Insured can confirm that they have successfully contacted all beneficiaries who are entitled to inherit from the estate either:

 (i) where they are referenced in a will or, 

(ii) where they are likely to benefit under the intestacy rules or, 

(iii) where they have been identified in the proposed Insured enquiries; and

E. If the deceased had a surviving spouse and/or child(ren), the proposed Insured confirms that they will benefit from the estate; and
F. On the date the policy is ordered, the proposed Insured is not aware of any matter, legal proceeding or beaches of regulation relating to the estate, which is likely to give rise to a claim, other than any matter already disclosed to the Administrator.
Please confirm which of the above statements you cannot agree with.
Please include the letter corresponding with the point you cannot agree with and explain your reason.

Please provide any other information that you have been asked to provide.

Hidden Premium

Early Distribution Premium
£
Section 27 Premium
£
Missing Beneficiary Premium
£
Missing Will Premium
£
 

Commission

SchemeServe Agent ID
Agent Email
Agent Commission Percentage
Agent Commission
£
Corin Commission Percentage
Corin Commission
£
Best Commission Percentage
Best Commission
£
Harrisons Commission Percentage
Harrisons Commission
£
 

Producers

Producer?
Producer Name
Producer Commission Percent
Producer Commission
£

Introducers

Introducer 1

Introducer 1 Name
Introducer 1 ID
Introducer 1 Commission Percentage
Introducer 1 Commission
£

Introducer 2

Introducer 2 Name
Introducer 2 ID
Introducer 2 Commission Percentage
Introducer 2 Commission
£

Introducer 3

Introducer 3 Name
Introducer 3 ID
Introducer 3 Commission Percentage
Introducer 3 Commission
£