What is the first thing I should do to Protect our Probate Real Estate?

The most valuable asset in the estate is the real estate.  What happens to an Insurance Policy when a property is unoccupied?

Does the average home-owner policy cover a property that is unoccupied?  What is typically the amount of time that passes before the policy coverage becomes ineffective due to non-occupancy?  What is the Policy you can put in place to protect unoccupied property?  Once your policy is in place, can the Personal Representative cancel the previous policy?  Are unoccupied policies more expensive?

These questions are so important that it's actually #4 in your Duties and Liabilities as a Personal Representative.  


 

Get your FREE copy of the Probate Guide here:
We take your privacy seriously.
Your personal information is collected to send you the additional information that you requested about the real estate, mortgage, and affiliated products and services. If we cannot provide a product or service it may be provided by another agent or broker. For details please see the real estate marketing website privacy policy.