Is it worth getting motor legal protection?

Is it worth getting motor legal protection?

It’s possible that you’ll never need to use your motor legal protection, so many might feel that the extra expense isn’t worth it. However, legal costs can be extremely high, and legal expenses cover can protect you against as much as £100,000 in costs.

Is motor legal protection the same as legal assistance?

What is Motor Legal Expenses Insurance? This cover is an optional extra you can add-on to your car insurance, and provides legal assistance to recover your uninsured losses after a non-fault accident. This legal assistance is the core element of all Motor Legal Expenses Insurance (MLEI) policies.

What are motor legal services?

Motor Legal Protection provides legal assistance to recover the out-of-pocket expenses that you may experience as a result of an accident that was not your fault. These can include the cost of your policy excess, the loss of earnings, damage to personal possessions or even personal injury to you or your passengers.

Do I need no claims discount protection?

It depends on your personal situation whether it’s worth protecting your no claims discount. If you have five years’ no claims discount, it will significantly cut the cost of your car insurance. You could lose all that for just one accident. You’ll continue to pay less on your premium even if you have an accident.

How is no claim bonus calculated?

Usually, third-party liability insurance premium accounts for up to 20% of the total premium amount. So, the earned NCB percentage will be calculated on the total premium minus the third-party liability premium.

Will my insurance go up if I have protected no claims?

If you’ve protected your no claims discount, then making a claim shouldn’t affect the number of years that contribute to your NCD. However, if you’ve had an accident, the basic cost of your premium is likely to go up.