Properties In Trust

25 October 2018

Our Property Insurance team launched our Properties in Trust insurance scheme in 2016 and since then it's been a great success for our clients.


Legal Ownership

One of the more common issues we have come across during this time is ‘change of ownership’ and the subsequent impact this has on insurable interest. Often our clients are unaware that when transferring their property into a Trust they are no longer the sole owner. This is because the legal ownership now sits under the name of the Trust and the buildings insurance must reflect this change of name. Many standard household insurers cannot accommodate the fact that the property is now in Trust and this can often lead to claims not being met combined with a requirement for an alternative policy to be sourced.


Specialist Property Insurance

Our specialist product has been created to help our clients get peace of mind that they are insured on the correct basis and on a policy that has been tailored to cope with the specific demands of a Trust, whilst retaining a competitive level of pricing. The policy provides cover up to £1 million reinstatement value for the buildings as standard and automatically extends to accommodate the property being used as a buy to let, unoccupied or as the main residence of the Trustees.


Whether you are an individual Trustee or a Law Firm looking to offer your clients a bespoke solution, we would be more than happy to discuss your requirements in more detail. Please get in touch for a no-obligation review of your insurances.


Craig Sutherland

Property Insurance Manager - Bruce Stevenson Insurance Brokers

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