Legal expenses insurance - worth it?

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  • jpucng62
    replied
    Originally posted by gnvqsos View Post

    Are you claiming that you got compensation of £20250,with a free premium-Bargain if true! The maybe part makes me doubtful.
    Why ask if you don't intend to believe the answer? Have you ever taken a tenant to court & then employed a barrister because Shelter did and have to go multiple times because of their delaying tactics? Believe me the costs stack up & because we had legal insurance it paid out. We did have to involve the Ombudsman but we got the payout.

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  • gnvqsos
    replied
    Originally posted by jpucng62 View Post

    Annual premium - possible included, otherwise maybe £25
    Excess maybe £250
    Payout £20k

    Does that prove my point?
    Are you claiming that you got compensation of £20250,with a free premium-Bargain if true! The maybe part makes me doubtful.

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  • jpucng62
    replied
    Originally posted by gnvqsos View Post

    How much was
    A the annual premium
    B the excess
    C the claim pay out
    Thanks
    Annual premium - possible included, otherwise maybe £25
    Excess maybe £250
    Payout £20k

    Does that prove my point?

    Leave a comment:


  • gnvqsos
    replied
    Originally posted by jpucng62 View Post

    I disagree - legal insurance covers you exactly for the. I know - I claimed!!
    How much was
    A the annual premium
    B the excess
    C the claim pay out
    Thanks

    Leave a comment:


  • jpucng62
    replied
    Originally posted by gnvqsos View Post
    Most advice is free ,and insurance cover will not fund legal action .It may be included at no extra charge bit is never free.
    I disagree - legal insurance covers you exactly for the. I know - I claimed!!

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  • gnvqsos
    replied
    That's £3000 pa.Have you ever claimed.

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  • SouthernDave
    replied
    Originally posted by gnvqsos View Post

    What percent of turnover is that\?
    4%… bargain for total peace of mind

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  • gnvqsos
    replied
    Originally posted by SouthernDave View Post
    We have the lot, building, landlord fixtures & fittings, legal expenses, directors and officers, management liability, rent guarantee, re-housing cover
    What percent of turnover is that\?

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  • SouthernDave
    replied
    We have the lot, building, landlord fixtures & fittings, legal expenses, directors and officers, management liability, rent guarantee, re-housing cover

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  • gnvqsos
    replied
    Most advice is free ,and insurance cover will not fund legal action .It may be included at no extra charge bit is never free.

    Leave a comment:


  • jpucng62
    replied
    I always have Legal Expenses Insurance - and often it is included for free. I have had cause to use the help line a couple of times, had a rent arrears paid because they felt it cheaper than going to court & then had one really big claim when we did have to go to court.

    Legal fees mount up so quickly and are so huge that I would not go without this - ever.

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  • JK0
    replied
    Originally posted by leasee123 View Post
    Why wouldn't the insurance be valid?
    Because it's for the common areas. Not the individual flats.

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  • leasee123
    replied
    Why wouldn't the insurance be valid?

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  • JK0
    replied
    Originally posted by leasee123 View Post
    The building has normal buildings insurance which includes personal liability insurance.
    'The building'?

    You mean tenant sues you for something he hurts himself on in your flat, and you think the freeholder's building insurance will pay to defend you?

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  • leasee123
    replied
    The building has normal buildings insurance which includes personal liability insurance.

    Leave a comment:

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