25th June 2010
Before the event insurance policies offer flexible solutions to
client problems by providing them with the cost for legal fees in the
event that they become involved in litigation. This type of policy is
usually taken out alongside car insurance or home insurance policy and
you can get it through other financial institutions and unions before an
accident or personal injury occurs. For any business, a legal case can
be expensive and time consuming, as you have to pay for your
solicitor's fees and other expenses or disbursements. But if you are
unsuccessful in your case, you may also have to pay the costs of the
person or organisation you have claimed against. Therefore, you have to
be really careful on how you will pay for your case and must get an
appropriate insurance otherwise, instead of receiving compensation, you
might end up with a big bill.
• Whilst more and more people now have the product, they still don’t
know how to make use of it. You should ask for an advice on before the
event insurance policies, or you might end up paying more in legal costs
than you receive in compensation. You can get free initial advice from
solicitors who specialise in compensation claims, as they will be able
to tell you about your chances of receiving compensation for your injury
or loss. They will be able to tell you, whether it is worth making a
claim, and also talk to you about the costs of making a claim, and your
options for paying them.
• If you only have a small claim, for a personal injury and some housing
disrepair claims, no costs will be awarded and so even if you win you
will have to pay your own costs. A policy of this type usually lasts a
period of twelve months and will not cost much or may be provided free
of cost by some car insurance companies.
• Before the event insurance is designed to cover your legal costs and
both yours and the other party's disbursements during the claims
process, as long as you have a good chance of winning your case.
• There are some limitations with this type of insurance, including
a) to report your personal injury to the insurance company within six
months, or even less, of it occurring,
b) having to accept any reasonable offer from your opponent to settle
c) not being able to choose your own personal injury solicitor until
after legal proceedings have started
• Most insurance providers can help you get the right kind of benefits
for you and also a bespoke policy at great value. Their cover premiums
are normally at fixed rate at a level which is recoverable.
Before the event insurance is a relatively inexpensive and reliable
mechanism for resolving a number of different problems and legal
disputes. It is important because it provides people with a means of
getting assistance and the products to meet all of their requirements
and keep them in total control of everything.