What is the insurance of legal expenses?
LEGAL EXTRAively insurance (LEI) is a form of insurance coverage in which insured transfers transfer the risk of a lawsuit to an insurance company. In other words, when the insured person buys this type of coverage, he pays for the privilege that the insurance company will pay for lawyers if he gets into legal difficulties. Legal expenditure insurance is sold in two forms: before the event insurance and after the event insurance. For example, the insurance insurance insurance converts the risk that the victim of a traffic accident will sue the driver of the driver, while the household owner's policy converts the risk that the victim of the household accident will sue. These are not examples of insurance of legal expenses, although the risk of court proceedings is still transferred; They are simply a policy of responsibility that protects against liability. Corporations and individuals can purchase legal expenses to protect themselves from having to pay potential legal expenses. Buyers of this insurance can buy coverage of “before the eventInstead "and" after the event ".
If the event is purchased before purchasing the event, then the insured pays premiums, usually every year before any court proceedings or court dispute. In return for payment of premiums, the insurance company is obliged to pay the costs of litigation if the insured is sued. Before the action is often sold as additions to a car or car package, it is purchased by companies or is offered as an advantage for workers within their benefits package.
in the cover of the event, the event is defined as a court or litigation. When this happens, political benefits become active. In general, this type of insurance includes fees for lawyers, legal costs, expert fees and any damage assigned to the defendant.
After purchasing after the incident or event, the event has already been purchased. This type of coverage is eliminated by those who submit litigation, instead of thosewho face a court dispute. It ensures that the insurance company will be paid the costs of the court if the client loses his case.