Originally Posted by Polwart
do you know anyone who has ever successfully used that bit of their policy?
Yes - I've used it as well. It was a very straightforward case, and because I was claiming against the other party, the legal firm appointed by the insurers was able to claim their fees from the other party, completely separate to my claim. So the net benefit of the legal cover, to me, was nil. I could have appointed my own solicitor at no cost to myself.
What would be more interesting - has anyone ever successfully used one of these policies to defend
themselves from a claim and successfully avoided a very large expense? Presumably the insurance company/underwriter normally deals with this? So again, net benefit of the policy would be nil?
Another interesting fact - the solicitors on the preferred supplier list to these legal protection insurers pay for the privilege. So it seems to me that you pay for the insurer for the policy, the solicictor pays the insurer for the work supplied to him, so the insurer gets paid twice for a policy that never has to pay out. Nice.
Ah... but sometimes they may not win.
True, but this is covered as well, as part of the terms and conditions state that they reserve the right to drop any case that looks unwinnable.