Legal expenses – valuable additional cover
Hopefully there is never a need to claim on any insurance policy but that is what it is there for, insurance and protection.
As well as Home Emergency cover, you can offer your customers legal expenses cover as an additional option to their core insurance policy.
You never know what situations may arise and whether you need to make a claim or defend one, legal expenses insurance can cover the cost of legal advice and representation, which can be expensive. The average cost of a solicitor's services is between £100 and £200 per hour.
Legal expenses cover is available on household and landlord insurance and the cost to add this valuable cover onto a household policy will cost less than £9 a year. For such a relatively small cost, why wouldn’t your customer want to add this valuable added protection to their policy?
Household legal expenses insurance provides access to a legal advice helpline, plus help to find a specialist lawyer and the cost of legal fees up to £75,000 (£50,000 limit for Employment Disputes).
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Cover includes:
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For Landlords, there are two policies available designed to provide legal protection on rental property for residential purposes:
- Landlords Legal Expenses Insurance
- Landlords Legal Expenses with Rent Guarantee Insurance
Both policies are the same in respect of legal cover and provide access to a legal advice helpline, plus help to find a specialist lawyer and the cost of legal fees up to £50,000.
If the Rent Guarantee cover option is taken, the policy will also cover rent up to £3,000 a month for up to 12 months.
How much does it cost?
- Household Legal expenses cover - Annual cover will cost just £8.30 (£0.74 pm if paid monthly)
- Landlord Legal Expenses cover - Annual cover will cost £16.94 (£1.52 pm if paid monthly)
- Landlord Legal Expenses with Rent Guarantee - Annual cover will cost £141.04 (£12.64 pm if paid monthly)
More information
To help with the customer conversation, we have adviser / customer facing leaflets with more information including case study examples that you can access below.