Updated on 07/08/2022 at 06:00
- Life doesn’t always go smoothly, which is why litigation can happen to anyone.
- Those who do not have legal protection insurance are left with the costs of lawyers and claim procedures.
- With the right legal protection insurance, there is a way to avoid the most common cost spenders.
Types of legal protection insurance
The quality of legal defense insurance depends on its characteristics. The popularly known “legal protection” consists of basic components that can be combined according to the needs of the contract holder to insure all areas of life.
Broadly speaking, legal protection insurance is based on four pillars:
- traffic law: Legal protection insurance helps you if you cause a traffic accident or if you are entitled to compensation for damages. It should be noted that only negligent crimes count towards insurance purchases, criminal offenses do not.
- private right: Disputes in this area already arise when making an online purchase or booking travel. If you wish to assert damage claims or insist on reimbursement, you will receive support from the insurance company in relevant disputes.
- professional law: Conflicts with the employer are not uncommon. Complicated employment law requires professional support for employees to assert their rights.
- right of residence: Affects everything related to tenure or disputes with neighbors.
Depending on their own economic circumstances, the insured decide for themselves which options and modules are included in the legal protection insurance. Basically, you can expect a fee of around 30 euros per month for these four areas for individuals. Freelancers and entrepreneurs benefit from extended insurance coverage. In this context, higher costs arise.
How is the best legal protection insurance structured?
Legal defense insurance is one of the most important forms of protection. Anyone who decides to conclude a contract must always observe the conditions of the contract. Always according to the credo: “Expensive does not equal good”.
Much more depends on the wording of the contract. In addition to an indication of the term, information on the amount of coverage and the choice of attorney must be clearly defined.
amount of coverage
This is an important constant, especially in traffic protection, and should not be confused with the amount of liability insurance coverage. Liability insurance coverage is available for property damage to the opponent’s vehicle or public property. In addition, personal injury is included. If a legal dispute arises for the damage caused, for whatever reason, the traffic legal protection takes effect.
The amount of coverage with good insurance should be around 300,000 euros. Especially in legal disputes that are later heard in a second instance, there are high costs that can be covered by this.
choice of attorney
Policyholders need an attorney who is not only fit for the case, but one they can trust. Consequently, the free choice of lawyer must be stated in the insurance contract. This avoids restrictions on the use of the services.
Choosing the amount of a deductible influences the monthly contribution to be paid. Users must remember that the fee must be paid for each new insured event. Those who do not wish to pay the deductible automatically receive the highest possible contribution rate in their category.
Peculiarity of legal protection insurance on the Internet
Anyone who does a lot of work on the Internet, whether working from home or shopping online, needs to pay attention to their protection. Cybercrime no longer knows borders. Online identity theft and online fraud have more than tripled since 2007.
If you want to protect yourself, use a good antivirus program on your computer. As vpnoverview shows, it is worth using an additional VPN. The combination allows the protection of privacy and data disclosed on the network.
Legal defense insurance on the Internet, similar to the ARAG model, is also good protection. This offer includes protection for legal disputes related to online purchases if the merchandise has not arrived. The insurance also takes into account all cases of cyberbullying and data theft. An important aspect, especially for families with children, if they experience harassing comments and posts. Electronic protection for smartphones comes as a great extra if it breaks.
In the cheapest version based on [email protected] with an insured sum of 100,000 euros, the expenses for a family amount to 4.40 euros per month. In the highest Premium category, policyholders also receive legal protection for self-employment, extensive electronic insurance and a WebCheck of their own legally-based website. For this, 22.42 euros per month are owed under the aforementioned conditions.
Who offers legal protection insurance?
Basically, it is worth asking your own insurance company if they offer rates in the area of legal protection. Existing customers sometimes benefit from better contract conditions. If you do not yet have legal protection insurance, you should compare them beforehand or use platforms that help mediation.
One of the best known platforms when it comes to brokering insurance contracts. With access to numerous portals, users can easily specify what insurance they are looking for and receive suggestions. Anyone who is unsure about the choice of contract or finds it difficult to make a decision, CLARK is at your side with personalized advice. In this way, hidden costs are avoided and the contracts are clear to the insured before signing them.
Swiss life selection
Another provider as a platform that limits the selection of possible legal defense insurance. Through a clear input module, the provider asks about the type of insurance, the life situation and the amount of the deductible. Based on these entries, the cheapest insurance corresponding to the profile is issued. If you are not sure, you can easily book a consultation at any time, free of charge and without obligation.
If you want to look directly at an insurance company, you can look directly at the DA. It offers different models of legal protection insurance. Among other things, in private and professional law as an important component for employees and individuals. In addition to €1 million coverage and additional buyer protection for online purchases, DA offers direct legal advice over the phone. In addition, the support recommends suitable lawyers according to the legal dispute.
At the highest benefit level, insured families benefit from basic benefits plus extended inheritance law protection and criminal protection benefits. With a maximum excess of 150 euros per claim, the insurance costs 30.50 euros per month for a period of five years.
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