Previous posts in regards to executors duty to insure assets have been removed.
One aspect to this was in regards to insurance of real property (bricks and mortar).
A poster quoted the Citizens information website to support their belief that property should be insured for its market value and not rebuilding cost.
I wrote to the CIO and they have confirmed today that they will update their site so that any other executor is not misled into insuring property at market value.
Edit to add: I see now that they have done so and it reads
"you should make sure that all assets are properly insured."
One aspect to this was in regards to insurance of real property (bricks and mortar).
A poster quoted the Citizens information website to support their belief that property should be insured for its market value and not rebuilding cost.
I wrote to the CIO and they have confirmed today that they will update their site so that any other executor is not misled into insuring property at market value.
Edit to add: I see now that they have done so and it reads
"you should make sure that all assets are properly insured."
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