Product Overview
We can provide insurance solutions when you need to distribute an estate, but are concerned about the potential legal pitfalls and uncertainties, which may affect the process.
We have created tailored and innovative solutions to address even the most contentious cases. We are the only provider of a comprehensive insurance product, which includes missing beneficiary, missing will and will dispute cover, amongst 13 other potential risks, protecting both personal representatives and the beneficiaries of the estate.
Our probate policies can act as an alternative to going to court, avoiding the need for a costly and lengthy legal process. Insurance policies have been the go-to solution for the aggrieved party in numerous Professional Indemnity claim cases, where mistakes have been made in the drafting of a will.
PLEASE NOTE WE CAN NOT DEAL DIRECTLY WITH A MEMBER OF THE PUBLIC. PLEASE ASK YOUR SOLICITOR TO CONTACT US TO DISCUSS YOUR MATTER.
Our policies protect and pay claims, which in a worst case scenario could mean paying out the whole value of the estate again, to an aggrieved party. The policy will also pay defence costs for those cases which need defending, as well as legal costs incurred. This is without recourse to innocent beneficiaries, who have already inherited, and their legal representatives.
We can also provide insurance for legal rights claims relating to missing children and claims from creditors that cannot be resolved. Whether distribution of an estate is held up because of a known dispute, or for peace of mind, please contact one of the team below.
What's Covered
We can provide you with insurance protection for various specific legal risks including:
- Missing Beneficiary
- Missing Will
- Disputed ownership of household items
- A challenge against the validity of the will
- Financial claims from unknown creditors
- Identity fraud
- Proprietary Estoppel
- Inheritance Act 1975 claims
- Claims from charities
- Unknown tax liabilities
Please ask for a copy of the policy wording for the full list of Insured Events.
PLEASE NOTE WE CAN NOT DEAL DIRECTLY WITH A MEMBER OF THE PUBLIC. PLEASE ASK YOUR SOLICITOR TO CONTACT US TO DISCUSS YOUR MATTER.
What's Not Covered
The policy won’t cover:
- Claims from beneficiaries named in a will (unless covered as a Specific Risk)
- Claims from HMRC for unpaid inheritance tax and claims from a foreign tax authority
- Claims from known creditors or persons we might reasonably think you should have made enquiry of before the estate is distributed i.e. heath care providers
- Identity fraud claims from non-UK nationals.
- The discovery of a will outside the UK.
Please ask for a copy of the policy wording for a full list of the Uninsured Matters.
PLEASE NOTE WE CAN NOT DEAL DIRECTLY WITH A MEMBER OF THE PUBLIC. PLEASE ASK YOUR SOLICITOR TO CONTACT US TO DISCUSS YOUR MATTER.
How much does it cost?
For comprehensive cover premiums range between £425 and £3,400 for estates up to £1m. For missing beneficiary cover, premiums range between £350 and £2,900 for estates up to £1m.*
*These prices are subject to the underwriting criteria being met.
PLEASE NOTE WE CAN NOT DEAL DIRECTLY WITH A MEMBER OF THE PUBLIC. PLEASE ASK YOUR SOLICITOR TO CONTACT US TO DISCUSS YOUR MATTER.
Make An Enquiry
Make An Enquiry
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Speak to the team
Kate Thorp
Kate Thorp
Manager – Inheritance & Estate Protection
London, UK
Kate is an experienced commercial underwriter and manager of DAU’s executor and inheritance team.
Kate was responsible for developing a comprehensive inheritance product which includes missing beneficiary, missing will and will dispute covers amongst 13 other risks. It is the only product of its kind in the market.
Kate also specialises in insuring contentious probate issues where the distribution is being held up because of a known dispute or issue. DUAL’s policies can be an alternative to going to court and have been the solution for the aggrieved party in numerous PI claim cases, where mistakes have been made in will drafting.
Kate has 20 years’ experience in legal indemnities and her knowledge and experience in both real estate and probate matters are a great asset to the DAU team.
Lola joined DUAL Asset in November 2019 after studying Law LLB where she obtained a First Class Honours.
Throughout her time at University, she was involved in the Legal Advice Clinic giving her an insight into a wide variety of legal issues surrounding Housing Law. This was further developed by various legal placements within this sector, allowing her to put legal theory into relevant practice.
Lola has joined DUAL Asset as an assistant underwriter in the executor and inheritance team.
