Comfort insurance policies are on the increase
29/06/2009
The comfort policy is ideal where all known beneficiaries to the estate have been located but belt-and-braces insurance is required for PRs’ peace of mind prior to distribution. Typically, Title Research will have researched all relevant areas of the deceased’s family and there will be no known missing beneficiaries or unresolved lines.
To meet rising demand for such policies from our clients, Title Research and Zurich Insurance have developed a new online comfort policy quotation system, similar to one you might use when obtaining any web-based insurance quote. Where we have conducted the necessary research, we can now provide instant quotations - compared to five working days formerly - and give you a free comfort policy insurance quotation with the final report.
Comfort policies are much more affordable than you might think. The premiums typically equate to approximately 0.5% of the required limit of indemnity. For example: for a £200,000 estate, the premium would be £1,000 inclusive of insurance premium tax, rising to £2,000 for a £400,000 estate.
If you have a current case that might benefit from a comfort policy, please don’t hesitate to call the consultant handling your case who will only be too happy to help on 020 7332 9090.