House insurance on deceased acct

doris540

 When you notify the bank about a death, the acct obviously is froze and no DD or standing orders are paid. How is the payment for house and contents got round. The house obviously needs to be insured during the time of sorting out the estate. 

Hal17

Generally you pay for the insurance on a yearly basis, so you need to find out when it is due to expire, just so you know. Contact the insurer and speak with their berevement department if they have one.

When I did this as am executor they changed the policy into my name and said to call them when the house had been sold. Due to the timescales in the house sale, I did need to pay for a new policy on just the building insurance as the property was empty so no contents cover was required.

p00hsticks

Agree with HAl17. You;ll need to let the insurers know if the property is going to be empty, and get the insurance switched into the executors name. In my experience they let me carry on with the existing property insurance until the end of the existing term, but when I renewed I had to find a new policy to cover the fact that the property was unoccupied  

SevenOfNine

I've been allowed to let insurance it carry on for 3 houses now, with a few conditions.  No valuables cover, heating must be kept on (think it was at 10-12 degrees or thereabouts), houses had to be visited weekly. 

We also put timers on some of the lighting, didn't have to but anything helps with an empty property.

All different insurers, but only had to renew with one when it ran out part way through. Not all insurers will let you renew the cover if the property is still empty.

Marcon

doris540 said:

 When you notify the bank about a death, the acct obviously is froze and no DD or standing orders are paid. How is the payment for house and contents got round. The house obviously needs to be insured during the time of sorting out the estate. 

The executors need to sort it out with the insurer.

msb1234

I’ve just spoken to the insurers for my mums house. They have put my name on the account and I’ve paid the annual policy which I will claim back once the house is sold. Legally, the house now belongs to me and my siblings as per the will.