Legal expenses insurance

InsideInsurance

losgiganteskid wrote: »

When you are invited to "purchase" motor legal expenses cover as an "add on" to your motor policy - how much do you think the provider of the core product pays for the cover provided by the legal expenses insurer - answer - nowt !

May be for small brokers it is nowt, larger brokers and insurers actually get paid by the provider as well as the customer for selling their motor LE

Worth noting that for non-motor LE then insurers are charged as there is (1) the legal advice line and (2) many more small track/ claims than with Motor

losgiganteskid

InsideInsurance wrote: »

insurers actually get paid by the provider as well as the customer for selling their motor LE

Exactly, so my comment was spot on - we pay nowt !! - and even that is too expensive !!!

lisyloo

From what I can tell it's not worth small brokers selling these policies individually.
This is because of the costs of regulation.
For large insurers this isn't going to be an issue.

A broker may be willing to sell it or give it away if you are doing some business with them (I'm not sure but maybe if they give it away they can get round any "mis-selling" issues).