Insurance is a form of risk management in which the potential for loss is transferred from one party to another by paying a premium. Reinsurance involves insuring the insurer, usually when large sums of money are at stake, and transferring the risk back. Legal protection insurance (LPI), also known as legal expenses insurance (LEI) or simply legal insurance, is a special type of insurance that facilitates access to law and justice by providing legal advice and covering the legal costs of a dispute, regardless of whether the case is initiated by or against the policyholder. Depending on national regulations, legal protection insurers may also represent the policyholder in or out of court. Personal legal expense insurance can cover a variety of things and offer different levels of protection.
It can help you with planned and unplanned situations, such as divorce or bankruptcy, as well as more common legal issues like marriage and buying or selling real estate. Legal protection insurance is often included as an “add-on” when purchasing other insurance products, such as home insurance. Under national law, legal protection insurers also provide legal services and represent insured persons outside or in court. Statutory insurance covers a wide range of personal legal issues that you may encounter throughout your life. It can provide you with funding for the costs of starting or defending a legal case, and it allows you to access legal advice over the phone.
Statutory insurance often covers a wide variety of legal issues, excluding employment issues. Personal legal expenses insurance could help you and your family with a range of legal problems, depending on the coverage you have. Legal plans are mainly based on massive savings (for example, on the massive purchase of legal services or internal advice for a specific group of people, such as members of a union) rather than on the principles of insurance; this type of insurance is usually included as part of an employment benefit package. We have now made it even easier for customers to file a claim. Here you can find out how to do that. Learn how to check if you're already covered and discover the different types available and how they can help you.
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