What Is Legal Insurance?
What is legal insurance? It is a pretty important question to ask: "what is legal insurance"? Legal insurance in a nutshell is insurance to protect you from legal costs should legal proceedings be instituted against you or you decide to proceed with legal proceedings.
This means that you pay a legal insurance company a set premium per month and they, in turn, will provide you with legal services up to an agreed annual amount.
The old adage of you get what you pay for, holds true also in this case.
Monthly premiums vary from modest amounts to premiums of in the hundreds.
These insurance companies will have a panel of lawyers that subscribe to their services and these lawyers are appointed country-wide.
When you get to see a panel lawyer, you will actually see a live real lawyer who may be in practice for him or herself, but will charge the insurance company for services rendered to you.
Should your problem be relatively minor, most companies offer a phone in service where you can talk to a legal worker who will advise you or refer you to a local lawyer on their panel.
Before you sign up to any policy you need to research this aspect of insurance carefully as clearly such insurers will not cover you on all possible eventualities.
Their lists of exclusions are pretty comprehensive and the annual limit of claim values also widely differs.
Legal insurance policies obviously will not pay for such things as the legal costs to property transfers, divorce proceeding legal costs, the drafting of legal contracts, insolvency, fraud and the like.
Don't expect the insurance company to get involved in any murder case or such serious issue.
Legal insurance is really intended for the more mundane and less exotic legal matters like car accident matters, any work related issues including injury on duty, consumer related issues and so on.
What is most useful, however, about legal insurance is the fact that most insurers will allow unlimited legal advice either by telephone or on-line through the internet.
If you are unsure of your rights on certain issues or you need to know how to proceed against the pit bull terrier showing its teeth to you on its owner's instruction then such service is great.
Taking into account the frightening cost of legal services and litigation, it probably is a worthwhile consideration to study the possible benefits of legal insurance versus the reasonably modest monthly cost thereof.
But the question to you really is: what is legal insurance to me? If the perceived benefits of such insurance scheme are greater than the cost thereof, then clearly it would be a good idea for you to subscribe to such scheme.
There are a number of these schemes around and some of them have been in existence for quite some time, so their product offering and services must be of a sound value.
Take your time and thoroughly research the ins and outs of the various schemes on offer before committing yourself to any scheme.
It is probably more important to research what they won't pay for rather than what they will pay for.
This means that you pay a legal insurance company a set premium per month and they, in turn, will provide you with legal services up to an agreed annual amount.
The old adage of you get what you pay for, holds true also in this case.
Monthly premiums vary from modest amounts to premiums of in the hundreds.
These insurance companies will have a panel of lawyers that subscribe to their services and these lawyers are appointed country-wide.
When you get to see a panel lawyer, you will actually see a live real lawyer who may be in practice for him or herself, but will charge the insurance company for services rendered to you.
Should your problem be relatively minor, most companies offer a phone in service where you can talk to a legal worker who will advise you or refer you to a local lawyer on their panel.
Before you sign up to any policy you need to research this aspect of insurance carefully as clearly such insurers will not cover you on all possible eventualities.
Their lists of exclusions are pretty comprehensive and the annual limit of claim values also widely differs.
Legal insurance policies obviously will not pay for such things as the legal costs to property transfers, divorce proceeding legal costs, the drafting of legal contracts, insolvency, fraud and the like.
Don't expect the insurance company to get involved in any murder case or such serious issue.
Legal insurance is really intended for the more mundane and less exotic legal matters like car accident matters, any work related issues including injury on duty, consumer related issues and so on.
What is most useful, however, about legal insurance is the fact that most insurers will allow unlimited legal advice either by telephone or on-line through the internet.
If you are unsure of your rights on certain issues or you need to know how to proceed against the pit bull terrier showing its teeth to you on its owner's instruction then such service is great.
Taking into account the frightening cost of legal services and litigation, it probably is a worthwhile consideration to study the possible benefits of legal insurance versus the reasonably modest monthly cost thereof.
But the question to you really is: what is legal insurance to me? If the perceived benefits of such insurance scheme are greater than the cost thereof, then clearly it would be a good idea for you to subscribe to such scheme.
There are a number of these schemes around and some of them have been in existence for quite some time, so their product offering and services must be of a sound value.
Take your time and thoroughly research the ins and outs of the various schemes on offer before committing yourself to any scheme.
It is probably more important to research what they won't pay for rather than what they will pay for.
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