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Legal Expenses Cover
From the 1st of April 2013 there were changes in legislation in relation to personal injury claims by the Ministry Of Justice.
Any policyholder claiming for Personal Injury must have “before the event” Legal Expenses cover in place to be FULLY compensated.
If you do not have Legal Expenses cover, then you have the option to take out an “after the event” policy which will have to be funded from the proceeds of a successful claim. The cost of which would be approximately £250.00.
The solicitor concerned can then charge a success fee of up to 25% of the damages awarded to you.
For example, a claim for £2500 damages could mean a deduction of £875 in respect of solicitors fees leaving a settlement figure of £1625.
For further information on David Insurance | Legal Expenses Cover or our many other insurance products, speak to our dedicated team at David Insurance on: 0115 9705073
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