Vacant Land Insurance for Executors and Estates
If an estate you're administering includes vacant land, someone needs to be responsible for it until it's sold or transferred. Insuring it protects the estate and you.
Who it's for
Executors, administrators and family members managing land in a deceased estate.
Common claim scenarios
The policy covers claims you're legally liable for, up to your limit. These examples are illustrative, and whether a claim is paid depends on the facts and the policy wording.
A tree falls during probate
While probate is under way, a dead tree on the estate's land falls onto a neighbour's shed.
How cover responds: Damage to the neighbour's shed is covered if the insured estate or executor is legally liable. Insure in the name of the estate or executor so the policy covers the right party.
Overgrown and blocking access
Overgrown trees and a collapsed fence on the land block a neighbour's access to their driveway.
How cover responds: Blocking a neighbour's access counts as property damage under the policy. Barriers or fencing to make the area safe are covered up to $10,000 under the temporary protection cover. Repairing the estate's own fence isn't covered.
A child climbs an old shed
A child climbs onto an old shed on the block and falls through the roof.
How cover responds: The estate can be liable if the child's presence was reasonably foreseeable. If it is, the policy pays the compensation, with legal costs on top.
Watch for
Insure in the name of the estate or executor. Cancel when the land settles and get a pro rata refund.
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