Car Insurance. Optional Legal Expense Cover Is Well Worth The Extra.
Below is a MRR and PLR article in category Finance -> subcategory Insurance.
Car Insurance: Why Optional Legal Expense Cover is Worth the Extra
Summary
Peter, a freelance journalist, values his car and peace of mind. Instead of resorting to road rage or physical confrontation when someone damages his vehicle, he relies on a comprehensive car insurance plan enhanced with optional legal expense cover. This addition protects him against costs and losses not covered by standard policies, ensuring he's well-prepared for unexpected incidents.
The Value of Legal Expense Cover
When Peter's car was rear-ended at a traffic light four months ago, his legal insurance came to the rescue. While the repair garage, chosen by his insurer, skillfully restored his MX5, his comprehensive policy didn't cover personal injury or loss of earnings. The small monthly fee he paid for legal expense cover proved invaluable. He received compensation for his broken wrist, and claims for his loss of earnings are in progress. As a one-handed journalist, a month off was necessary!
Legal expense insurance allows policyholders to claim for losses and compensation when they're not at fault. These can include costs like renting a replacement car while repairs are made or covering the repair costs if you're not fully insured. In Peter's case, the insurance also supported his claims for personal injuries and loss of income.
Why It's Essential
Legal expense cover is often underrated until needed. Your insurer handles the claim and sends the settlement check at the process's end. All you have to do is fill out the claim form, communicate with the solicitor appointed by your insurer, and answer any follow-up questions. If the case goes to court, they'll represent you, although your presence may be required.
Availability
Most online car insurance policies don't automatically include legal expense cover; it's typically an optional extra. Competitive pricing leads insurers to keep headline premiums low. The cost for this optional cover varies among insurers. For example, More Than offers it for £17.85 per year, Direct Line at £19.95, Churchill at £21, and Budget at £24. Some companies, like Admiral, include basic legal expense cover for free.
Conclusion
Don't overlook legal expense cover when purchasing car insurance. Complex compensation claims can drag on for years, especially in severe injury cases, with settlements potentially reaching millions. Investing in legal expense coverage ensures you're protected in all scenarios, making it a worthwhile addition to your insurance policy.
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