Missing Beneficiary Indemnity Insurance


TO ORDER A POLICY PLEASE Contact us. 

Aviva policies can usually be obtained instantly by us if and when:

  • Specific heirs or branches of a family simply cannot be traced
  • It is no longer economically viable to continue with research in an attempt to locate the 'missing' heirs
  • When all heirs may seemingly have been found and a comfort policy* is required
  • Finders have produced a report confirming the situation and recommending insurance cover

* Comfort Policies: No-one can ever be certain that there was not an unrecorded event (such as illegitimate birth) that may affect the distribution of an Estate should these previously unknown persons come forward and make a claim against the Estate in the future. A comfort policy will insure against such claims possibly arising when it otherwise appears that there is no prospect of a claim in the future.

Missing Will Insurance: On completion of our Missing Will Service we can also apply for a policy to cover against the possibility of a Will (or more recent Will than the one used) being found after distribution.

FREE 5% ESCALATOR CLAUSE - You can now select a 5% escalator clause which will automatically increase the Limit of Indemnity by 5% of the original amount at each of the first 10 anniversaries of the policy start date, for no extra charge.

 

AvivaFinders have a convenient 'self-approval' arrangement with Aviva. Once our report is completed we can apply for and obtain policies for your consideration instantly. In many cases a draft policy is forwarded along with our report. In some cases a proposal form may be needed and we will advise where this is the case. Premiums are one-off payments made by the Estate and are very competitively priced at around 0.5% of the limit of indemnity. 

Please note that in most cases we can only obtain Missing Beneficiary Indemnity Insurance policies where we have either completed a full report or an independent verification of existing research. However, we may be able to support an application for insurance where it appears that further research is either not required or not financially viable.

We are authorised regulated by the Financial Services Authority (FSA) membership number 310772 .

Frequently Asked Questions

Q. How long do policies run for?
There is no time limit on a claim being made or expiry date for the policy.

Q. What is a 'limit of indemnity'?
This is the maximum amount the insurers will pay out in the event of a claim, or multiple claims. It is important therefore to ensure you have set the limit of indemnity at an appropriate amount and we can advise on this if required.

Q. What about interest on the amount of a claim if time has passed since the policy was issued?
This can be prepared for in 2 ways. Firstly, and perhaps more simply, a simple calculation of a 'worst case scenario' can be made and the limit of indemnity increased to cover for this. Often this will not increase the premium by much, if at all. Secondly, you can request an 'Escalator Clause', whereby the insurers will increase the limit of indemnity by a certain % each year for a limited number of years (usually 6 years). This option requires some manual calculation and therefore takes a little more time to obtain and will increase the premium payable. The exact rate of interest and period it is payable for varies from time to time and will be confirmed when an Escalator Clause is requested.

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Accreditations

Association of Professional Genealogists   Finders is a member of the Association of Professional Genealogists
Expert Witness Directory   Finders are a checked and approved firm in the Expert Witness Directory
Aviva   We are Missing Beneficiary Indemnity Insurance agents for Aviva (formerly Norwich Union) & authorised & regulated by the Financial Services Authority.
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