Becoming more prevalent in the western world, this would pay for a number of agreed legal services. For example, if a tenant in your house refused to move out at the expiry of the lease, this type of policy would meet the necessary legal costs.
Often referred to as uninsured loss recovery services for car insurance. Covers the cost of legal proceedings in circumstances defined in the policy.
this is usually taken out as an extended form of cover and will protect you against any legal expenses you might incur is, say, someone were to sue you.
Some policies include a provision to cover the costs of private legal action.
Legal Expenses Insurance is an option to meet legal and recovery for your “uninsured losses” resulting from an accident. For example, you may need to sue the Third Party for recovery of your out of pocket excess. You may also have had to hire a car or may need to obtain compensation for an injury arising from an accident, which was not your fault. Such things are not always covered under your Comprehensive policy. A legal expenses policy to meet those legal costs is a must.
It refers to those insurance companies that cover the costs of private legal action of the 'insured'.
