When is legal access insurance useful?
You and your neighbours are failing to see eye to eye. Their new fence is encroaching on your property. Their pool parties are getting out of hand... in short, you feel like you need to take legal action to settle this.
Now, this may not be your situation, but you might eventually have to defend your rights. Legal access insurance is designed for this. Let’s examine the purpose of this product and its role.
What is legal access insurance?
Legal access insurance is a fixed-cost coverage that you pay for on an annual basis. It is often tacked on to home or auto insurance.
Coverage varies from one insurer to the next, so be sure to read the contract to see what's included and what's not.
In general, legal access insurance covers five categories of risks:
- At work (e.g. wrongful dismissal, discrimination on the grounds of age, religion, etc.)
- Family disputes (e.g. mediation)
- Products and services (e.g. breach of contract or warranty)
- Bodily injury (e.g. medical malpractice, a fall)
- Wills and protection mandates
What is the exact purpose of this insurance?
Let’s say someone steals your identity and this becomes a burden on your time and money. In such a situation, legal access insurance can help you get your life back. In other situations, you might need to:
- Request legal advice
- Get formal notices and contracts
- Have your own documents analyzed
- Take legal action
- Defend yourself in court
What is the difference between legal access and legal assistance insurance?
Legal access insurance, on the other hand, gives you more options in the event of a problem.
What are the special features of Beneva’s legal access insurance?
Policyholders can personalize their coverage. Here’s what’s included with ours:
While some insurers outsource this service, Beneva relies on its own legal team, whose resources are all law graduates and members of the Bar.
Duty of confidentiality
In covered situations, policyholders can call on our legal specialists for their defense or be represented by those of their choice.
Regardless of what happens next, Beneva respects client-lawyer confidentiality: we don’t know what you and our lawyers or notaries are discussing, nor do we care to know!
A premium that doesn't increase after a claim
The premium remains unchanged even after you use the service. If it does go up, it will be for everyone, and after a rate review.
Family members living under the same roof are covered as well as children who are away at school.
Easily recoverable cost
Legal access insurance costs $60 a year (in 2023). This means you get a $60 reimbursement for notary fees when you buy a property—with the bonus of being covered for hidden defects.
A sound investment
Let's get back to your neighbour's fence encroaching on your property. If you had legal access insurance, you’d know who to call to take action!
Otherwise, enjoy the peace of mind of knowing that this coverage remains a good investment in case things ever go wrong.