No Section 27 Notice Insurance
Our insurance brokers are experts at providing advice on, and arranging, No Section 27 Notice Insurance.
If you, or the client you represent, want financial protection from the risks involved by not serving a Section 27 notice; we can help.
Section 27 of the Trustee Act 1925 requires executors to give public notice to potential creditors, giving them a specific timeframe to make claims against the estate. This insurance addresses situations where no Section 27 notice has been served, potentially leaving the estate vulnerable to unknown or unforeseen creditor claims.
No Section 27 Notice Insurance indemnifies beneficiaries and executors against potential creditor claims that could arise in the absence of a Section 27 notice, covering eligible payments, legal fees and costs incurred in defending against these claims.
Information we require to help you:
- A thorough explanation of the circumstances
- Details of the will or intestacy
- Details of the grant of probate
- Value of the residuary estate for distribution
- Details of any disputes
- Details of parties or confirmation that no parties are known that could make a claim
- The amount of cover (limit of indemnity) required and how this has been calculated