What is legal insurance? This is a quite vital question to ask: “what is legal insurance”? Legal insurance in a nutshell is insurance coverage to guard you from legal costs should legal proceedings be instituted against you or you decide to proceed with court proceedings. Because of this you pay a legal insurance company a set premium each month and they, in return, will provide you with legal services up to an agreed upon annual amount.
That old proverb of you get exactly what you pay for, holds true also in this case. Monthly installments differ from modest amounts to premiums of in the hundreds. These insurance carriers will have a panel of lawyers that sign up to their services and these lawyers are employed country wide. Once you get to see a panel lawyer, you will essentially see a live real legal representative who may be in practice for him or herself, but will charge the insurance company for services rendered to you. If your problem be relatively minor, many organisations offer a phone in service where you can talk with a legal worker who will advise you or refer you to a local lawyer on their panel. Before signing up to any policy you need to study this aspect of insurance thoroughly as clearly such insurers will not cover you on all possible eventualities. Their lists of ommissions are pretty detailed and the annual limit of claim values also broadly varies.
Legal insurance policies clearly will not pay for things like 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 created for the more mundane and less exotic legal matters like car accident matters, any work related difficulties 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 on the phone or on-line through the internet. Should you be puzzled by 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 instructions then such service is great.
Taking into account the frightening cost of legal services and litigation, it likely is a worthwhile consideration to study the possible advantages 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 advantages 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 variety of these schemes around and some of them have been about for quite some time, so their product offering and services must be of a sound value. Take the time and thoroughly investigate the ins and outs of the various schemes on offer before committing yourself to any scheme. It is probably more important to check out what they won’t pay for rather than what they will pay for.