Simon, our accountant discovered recently that insurance is sometimes not enough. He is passionate about his BMW 7 Series in metallic silver and considers it a part of the family. He made sure that all aspects of his insurance were covered when arranging it. And he also added legal expenses coverage to his policy.
Although it doesn’t increase the premiums much, this optional extra can make a difference in the case of an accident or claim. Comprehensive insurance does not cover all. Simon took advantage of legal coverage when his car was struck in the rear at traffic lights a few month ago.
Simon, for example, is a self-employed accountant. He doesn’t get paid if he isn’t working. His comprehensive insurance covered all the repairs to the BMW and the paintwork would soon return to its original glory. But what about Simon? What about the fact that his wrist was fractured in the accident?
Simon was able to receive compensation quickly and without any additional cost thanks to his legal coverage. Simon’s legal advisors organized a payout for his fractured wrist for PS2 per month more on his premiums. Simon could not return to work for one month, so he wouldn’t be getting any pay. The legal protection intervened again and negotiations are currently in their final stages to ensure that Simon receives the compensation for his earnings loss.
This type of insurance covers you for any issues that may arise. Simon was able to claim compensation for loss of earnings and injury. Others may be able to use their coverage to rent a vehicle while their car is being repaired at the garage. Some car insurance policies do not provide for hiring a car. Legal expenses coverage means that you won’t be inconvenienced and are not out of pocket.
You don’t really appreciate any insurance until you have to actually make a claim. Legal expenses coverage makes things so simple. All you have to do is fill out the claim form and then wait for the insurer’s settlement cheque to be mailed to you after the matter has been resolved. Although you may be required to speak to the assigned solicitor, your involvement in the case will be minimal. You may not be required to attend court if the case must go to trial. You can rest assured that the process will go smoothly and your insurer will do all they can to obtain a satisfactory result.
Next time you purchase car insurance, check to see if this is included by default or if you have to add it. Most insurance policies on the Internet focus on affordability, so they won’t often include legal expenses coverage in their initial quotes. This would impact the premium. Make sure you add it to your quote if you have the chance.
This type of coverage can have different prices depending on the insurer. These range from PS17.85 per annum with More Than to PS24/annum with Budget. It’s not going break the bank. Admiral is one of few companies that offers it free.
Legal expense coverage is essential. Disputes are often complicated and can result in large payouts. In these cases, it is a good idea to make a simple and inexpensive decision.
