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Prevent high legal costs with this insurance

July 19, 2022

We take out insurance to reduce risk in our daily lives. For example, everyone in the Netherlands must have health insurance to cover the cost of health care. In addition, third-party insurance is also mandatory when you purchase a car. This insurance covers the damage you cause to other cars.

You can insure yourself for many things; it’s just how much security you want to give yourself. Not all insurance is mandatory and premiums vary by provider and insurance. In this article, we explain how you can avoid high costs for legal matters by taking out legal expenses insurance.

What is legal expenses insurance?

Legal expenses insurance is insurance that gives you coverage when you need legal help. You can think of a lawsuit, but legal help with a dismissal, for example, is also included.

The terms and conditions of legal expenses insurance vary from provider to provider. So when you want to get insured for legal help, it is wise that you research the different providers. Review the terms of your policy carefully so you know what you are entitled to when you need it.

Legal help is generally very expensive. This is a fact that is well known to many people. When you end up in a lawsuit, as a consumer or a business, you will have to pay a lot of money for the lawsuit and the lawyer you have to hire in the process. Many people therefore choose to be insured for this and thus purchase legal expenses insurance. Should you find yourself in such a situation, then at least you know that you don’t have to bear all the costs yourself.

Another common insurance

Another common insurance policy is contents insurance. This insurance covers the cost of your contents in case of leakage or theft. Your household contents are of high value. This is because your household contents include your furniture and home accessories, but also, for example, your musical instruments and sports equipment. Since the value of your contents can be very high, many people choose to purchase contents insurance. Your household effects include all the items in your home and shed. With insurance, you are insured for when damage is done to your contents by a leak or theft. An insurance policy therefore offers you security and in this way you can avoid high, financial costs.